Why This NFT Collection Hit a New All-Time High Today

Share This Post


The Pudgy Penguins NFT collection soared to an unprecedented peak today. Its floor price reached a new all-time high of 21.7 ETH.

This significant milestone highlights the collection’s escalating popularity and the increasing investor confidence in the digital art and collectibles market

Pudgy Penguins NFT Hit All-Time High

The Pudgy Penguins NFT collection is escalating in popularity. With a current floor price equivalent to $54,529, it has seen a significant uptick in its market cap. Indeed, it now stands at an impressive $484,652,037.

Originating from a diverse array of 150 hand-drawn traits, these 8,888 unique NFTs have captivated the crypto community. Especially for its ethos of “spreading good vibes across the meta.” Since its launch on July 22, 2021, when it sold out in a mere 19 minutes at an initial mint price of 0.3 ETH, the collection’s value trajectory has skyrocketed.

Pudgy Penguins NFT Price Performance
Pudgy Penguins NFT Price Performance. Source: OpenSea

Just a week post-launch, the floor price had already escalated to 2.4 ETH, demonstrating the collection’s rapid appreciation. The sale of the rarest Pudgy, #6873, for 400 ETH in August 2022, marked a pivotal moment, highlighting the collection’s status within the NFT market.

Read more: 7 Best NFT Marketplaces You Should Know in 2024

Today’s milestone of 21.7 ETH celebrates the collection’s financial success and its significant cultural impact, with 4,484 unique owners now part of this community.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Related Posts

Is Bitcoin Slipping Back Toward a Bear Market?

Bitcoin is being weird again. Last month, it...

Analyst Lark Davis predicts Ethereum hitting $15K this bull run

crypto analyst Lark Davis forecasted Ethereum price soaring...

Ripple (XRP) Price Prediction: Recovering $0.50 Is Next

Ripple’s (XRP) price is likely exhausting the pessimistic...

Bitcoin drops below $60,000 before the big ‘halving’ event

Bitcoin is getting jittery before the big “halving”...