Penguins climb over apes in NFT prices
Pudgy Penguins, a once forgotten NFT project, was brought back to life after entrepreneur Luca Netz swooped in and purchased the brand for 750 ethereum (roughly $2.5 million at the time). He then revitalized the project by producing real-life toys, a platform called Pudgy World, and a focus on the avid community of owners, known as “The Huddle.”
Last week, the project announced the launch of a new “master coin,” PENGU, on Solana. A large chunk of the new tokens will be airdropped to owners of the NFTs, which sent the price of the collections soaring.
Prior to the announcement, Pudgy Penguins were the third-largest NFT collection by market cap, below CryptoPunks and the Bored Ape Yacht Club, but now the flightless birds have managed to climb above the apes to take second place, as the floor price broke $100,000 for the first time. As of writing, the floor price for a Pudgy Penguin is roughly $104,000 — or over one bitcoin.
Over the last 3 years, Pudgy Penguins has become the face of crypto.
— Pudgy Penguins (@pudgypenguins) December 6, 2024
Sitting in millions of households worldwide, garnering millions of followers, and amassing over 50 billion views, Pudgy Penguins has cemented itself in the hearts and minds of everyday people and culture. pic.twitter.com/Uz2I2K5di1
Prior to the announcement, Pudgy Penguins were the third-largest NFT collection by market cap, below CryptoPunks and the Bored Ape Yacht Club, but now the flightless birds have managed to climb above the apes to take second place, as the floor price broke $100,000 for the first time. As of writing, the floor price for a Pudgy Penguin is roughly $104,000 — or over one bitcoin.
Over the last 3 years, Pudgy Penguins has become the face of crypto.
— Pudgy Penguins (@pudgypenguins) December 6, 2024
Sitting in millions of households worldwide, garnering millions of followers, and amassing over 50 billion views, Pudgy Penguins has cemented itself in the hearts and minds of everyday people and culture. pic.twitter.com/Uz2I2K5di1
