Pengu

Pudgy Penguins

Bitcoin

Shiba Inu

Pudgy Penguins, an Ethereum-based NFT collection, has surpassed Bitcoin’s price on OpenSea. 
The collection’s most expensive Penguin is now for sale at <a href="https://opensea.io/assets/ethereum/0xbd3531da5cf5857e7cfaa92426877b022e612cf8/3924/" target="_blank" rel="nofollow">50.3093</a> ETH or $197,508.78 on on the NFT marketplace OpenSea. This makes it one of the priciest Picture-for-Profile NFT projects. At present, the cheapest Pudgy Penguin is priced at 27.65 ETH or $108,460, at Ethereum’s price of $3,921.61. Bitcoin (<a rel="" href="https://crypto.news/price/bitcoin/">BTC</a>), on the other hand, is currently hovering around $101,445, making some Pudgy Penguin NFT worth more than the world’s largest cryptocurrency. In the last seven days, Pudgy Penguins has grabbed 21.88% market dominance, dethroning Bored Ape Yacht Club, whose dominance sits at 16.31%, as per <a href="https://www.coingecko.com/en/nft/global-stats" target="_blank" rel="nofollow">Coingecko</a>.&nbsp; 
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 NFT sales volume peaked at over $180M in early December, alongside a surge in active market wallets exceeding 12,000, reflecting heightened market activity and investor interest. | Source: nonfungible by <a rel="" href="https://crypto.news/">crypto.news</a>
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The NFT’s market dominance has more than tripled since October 2024, when it was as low as a 9.5% share of the market. The increase in Pudgy Penguins’ price comes after a broad NFT <a rel="" href="https://crypto.news/nft-market-rebounds-with-22-volume-surge-in-november-despite-declining-sales-data-shows/">market recovery</a>. Much of the interest surrounding Pudgy Penguins has come from the recent announcement that the Pudgy Penguins ecosystem will launch the <a rel="" href="https://crypto.news/pudgy-penguins-plans-to-launch-native-token-pengu-by-end-of-2024/">Pengu</a> coin ($PENGU) coming on Solana (<a rel="" href="https://crypto.news/price/solana/">SOL</a>) this month. 
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 Introducing <a href="https://twitter.com/search?q=%24PENGU&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$PENGU</a>, the official coin of Pudgy Penguins. Launching in 2024. Learn more below. <a rel="nofollow" href="https://t.co/J715bODcM6" target="_blank">pic.twitter.com/J715bODcM6</a>— Pudgy Penguins (@pudgypenguins) <a href="https://twitter.com/pudgypenguins/status/1864851993094664602?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 6, 2024</a>
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In addition to its foundational purpose, the token is designed to incentivize holders across the Pudgy Penguins ecosystem, which will positively influence token value and market sentiment.&nbsp;&nbsp;&nbsp; 
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According to <a href="https://www.coingecko.com/en/nft" target="_blank" rel="nofollow">Coingecko</a>, Nov. NFT sales volumes surged 57.8% to $562 million, the highest monthly figure since May. Recent market data shows that there were over 12,000 active wallets and over <a href="https://nonfungible.com/market-tracker?segment=collectible&amp;days=30" target="_blank" rel="nofollow">$180 million</a> in sales at the end of November. This growth was pushed mainly by <a rel="" href="https://crypto.news/bored-ape-yacht-club-blue-chip-nft-crypto-crash/">blue-chip</a> collections, with CryptoPunks and Pudgy Penguins leading the pack, the latter seeing its floor price rise 262% over the course of November, surging from 8.7 ETH to 13 ETH before its current jump in price.&nbsp; 
 Read more: <a rel="" href="https://crypto.news/shiba-inu-highlights-and-lightchain-ais-blockchain-solutions-for-december-2024/"> Shiba Inu highlights and Lightchain AI’s blockchain solutions for December 2024 </a>

Pudgy Penguin NFT price exceeds Bitcoin’s price on OpenSea

crypto.news

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