Create

Waves

Pudgy Penguins

<ul class="wp-block-list"> 
 <li>Pudgy Penguins surpass BAYC, achieving new ATH with PENGU token excitement.</li> 
 <li>Market cap surge positions Pudgy Penguins as NFT leader, challenging established collections.</li> 
</ul> 
Pudgy Penguins has recently made history by surpassing the floor price of the iconic Bored Ape Yacht Club (BAYC), marking a significant milestone in the NFT space. As of December 2024, Pudgy Penguins’ floor price reached an all-time high of 24 ETH, approximately $93,000, signaling the collection’s meteoric rise. This surge comes after the announcement of the highly anticipated PENGU token, set to launch on the Solana blockchain. 
The token, with a total supply of 88.8 billion, has been met with immense enthusiasm from the community. A portion of the supply will be distributed to community members, fueling excitement and increasing demand. The value of its NFTs <a href="https://www.coingecko.com/en/nft/pudgy-penguins">rose</a> by 11% in a single day, with trading volume hitting 2,653 <a href="https://thenewscrypto.com/ethereum-eth-seeks-to-reclaim-the-4k-level/">ETH</a>. It further cements the collection’s growing prominence in the market. 
Moreover, the recent growth places Pudgy Penguins in direct competition with BAYC, now second only to CryptoPunks in terms of market capitalization. With a market cap of $772.5 million, Pudgy Penguins <a href="https://thenewscrypto.com/pudgy-penguins-surpass-bayc-as-second-largest-nft-collection/">outpaced</a> BAYC, which stands at $755 million. Luca Netz’s strategic leadership has driven Pudgy Penguins’ rise, expanding its reach through retail partnerships and NFT gaming ventures. 
<h3 class="wp-block-heading" id="h-pudgy-penguins-create-nft-waves">Pudgy Penguins Create NFT Waves</h3> 
Pudgy Penguins has captivated a global audience, boasting 8,888 unique penguin-themed NFTs that have garnered billions of views. The collection’s popularity is set to increase further with the release of the PENGU token. It will bridge the gap between real-world commerce and the crypto space. 
Despite a slowdown in the NFT market since its 2022 peak, it has emerged as a leader in recent weeks. In the first week of December 2024, the collection saw an impressive 45% increase in value. It outperformed other top NFTs, including <a href="https://cryptopunks.app/">CryptoPunks</a> and Mutant Ape Yacht Club. 
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Is Pudgy Penguins Set to Usher in a New NFT Era?

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