- The floor end of Pudgy Penguins has jumped 87% in the last 90 days.
- The NFT is now more valuable than BAYC.
As a seasoned crypto investor with a knack for sniffing out promising opportunities, I’ve got to say that the recent developments with Pudgy Penguins have caught my attention like never before. The floor price jumping 87% in just 90 days and surpassing BAYC in value? That’s not something you see every day!
Recently, there’s been a lot of excitement surrounding the Pudgy Penguins, as they’ve announced an upcoming token release. This news has ignited a flurry of activity within their community.
Over the last week, the wave has sparked considerable curiosity and boosted the minimum selling price of the NFT collection.
PENGU token launch confirmed
The eagerly awaited PENGU token is no longer a mere theory. Official announcements from the Pudgy Penguins platform, previously known as X, and its founder Luca Netz hint at a projected launch of the token in the year 2024.
As a researcher immersed in the captivating world of NFTs, learning about the unspecified yet confirmed development has sent ripples of anticipation throughout our vibrant community.
The uncertainty surrounding the release date has sparked numerous theories and discussions among some users. In fact, some have even suggested a particular day, with many debating that PENGU could make its grand entrance on the 24th of December.
Although the exact date is yet to be confirmed, the rising excitement seems to have already impacted market feelings and sparked actions within the Pudgy Penguins community.
Pudgy Penguins floor price surges
As a researcher, I’ve observed an intriguing development in the market: The announcement seems to have significantly influenced the base price of our collection. According to Dune Analytics, the floor price for Pudgy Penguins’ NFTs has skyrocketed by an impressive 50% over the past week.
Over the past month, the collection experienced a significant jump of 158%, and over the past year, it saw an even more remarkable surge of approximately 285%.
Currently, the minimum selling price for a Pudgy Penguin is 21.47 Ether, which translates to around $84,410 in U.S. dollars.
The surge has moved this collection past Bored Ape Yacht Club (BAYC), with its current average floor price standing at approximately 19.69 Ether (ETH) or around $77,401 during the mentioned timeframe.
Among all the collections so far this year, Pudgy Penguins’ growth is outperformed only by Milady, which has experienced a remarkable rise of approximately 348%.
Community and market response
The Pudgy Penguins community has responded with enthusiasm to the token launch announcement.
As interest grows, there’s been an uptick in on-chain transactions, with a surge of collectors eagerly purchasing Pudgy Penguins Non-Fungible Tokens (NFTs), anticipating potential price growth as the launch of the PENGU token draws near.
The increase in market trust signifies a wider pattern, as NFT collections are increasingly incorporating utility tokens to boost their worth and motivate collectors.
Nevertheless, some spectators may approach this launch with skepticism, considering the rollout of ApeCoin [APE], which originated from BAYC, did not go smoothly. Initially, the APE token was traded at approximately $13 and peaked above $25 during its debut.
After experiencing a subsequent crash, its current trading value hovers around $1.6. The unique features and innovative methods that PENGU brings to the table are yet to be fully demonstrated.
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2024-12-16 23:03