The Pudgy Penguins NFT collection rose to an all-time high today. The floor price reached a new all-time high of 21.7 ETH.
This important milestone underlines the collection’s rising popularity and increasing investor confidence in the digital art and collectibles market
Pudgy Penguins NFT reaches record high
The Pudgy Penguins NFT collection is becoming increasingly popular. With a current floor price equal to $54,529, the company has seen a significant increase in its market capitalization. It now stands at an impressive $484,652,037.
These 8,888 unique NFTs emerged from a diverse set of 150 hand-drawn properties and have captivated the crypto community. Mainly because of the ethos of “spreading good vibes across the meta.” Since its launch on July 22, 2021, when it sold out in just 19 minutes at an initial coin price of 0.3 ETH, the collection’s value trajectory has skyrocketed.
Pudgy Penguins NFT Price Performance. Source: OpenSea
Just a week after launch, the floor price had already risen to 2.4 ETH, demonstrating the rapid appreciation of the collection. The sale of the rarest Pudgy, #6873, for 400 ETH in August 2022 marked a pivotal moment and highlighted the collection’s status within the NFT market.
Read more: 7 Best NFT Marketplaces You Need to Know About in 2024
Today’s milestone of 21.7 ETH celebrates the financial success of the collection and its significant cultural impact, with 4,484 unique owners now part of this community.
