Pudgy Penguins, an Ethereum-based NFT collection, has surpassed the price of Bitcoin on OpenSea.
The most expensive penguin in the collection is now for sale at 50.3093 ETH or $197,508.78 on NFT marketplace OpenSea. This makes it one of the most expensive Picture for Profile NFT projects. Currently, the cheapest Pudgy Penguin costs 27.65 ETH or $108,460, while Ethereum costs $3,921.61. Bitcoin (BTC), on the other hand, is currently around $101,445, making some Pudgy Penguin NFTs worth more than the world’s largest cryptocurrency. Over the last seven days, Pudgy Penguins has secured a market dominance of 21.88%, dethroning Bored Ape Yacht Club, whose dominance is reported to be at 16.31% Coingecko.
NFT market dominance has more than tripled since October 2024, when market share was just 9.5%. The Pudgy Penguins price surge comes after a wide-spread NFT Market recovery. A lot of the interest in Pudgy Penguins is due to the recent announcement that the Pudgy Penguins ecosystem will be launching Mortgages Coin ($PENGU) arrives on Solana (SOL) this month.
In addition to its fundamental purpose, the token is intended to incentivize holders across the Pudgy Penguins ecosystem, which will have a positive impact on the token’s value and market sentiment.
Accordingly CoingeckoNovember. NFT sales volume increased 57.8% to $562 million, the highest monthly figure since May. Current market data shows that there were over 12,000 active wallets 180 million dollars on sale at the end of November. This growth was primarily driven by Blue chip Collections, with CryptoPunks and Pudgy Penguins at the top, with the latter’s floor price increasing by 262% over the course of November, rising from 8.7 ETH to 13 ETH before the current price spike.
Leave a Reply