- For the first time, Pudgy Penguins’ Ethereum price overtook that of the incredible Bored Ape Yacht. This spike coincided with the upcoming short-term release of the NFT’s native token.
The price of Bored Ape Yacht was 19.85 ETH, or $83.930, while the price of Pudgy Penguins on Ethereum (ETH) surged to 21.49 ETH, or $83.930.
According to CoinGecko data on December 9, these NFTs increased 7.1% from 19.85 ETH the day before. Additionally, trade volume increased to 2,653 ETH for nearly half of the most recent trading day.
This penguin-inspired NFT has increased in value in tandem with the recently launched native token $PENGU. This year, the Solana (SOL) blockchain will see the launching of this token.
Igloo Inc. will prepare 88 billion tokens, of which 25.9% will be distributed to the community. The business will contribute 11.48%, while another 24% will go to another community.
Pudgy Penguins NFT became viral
The post claimed that these Pudgy Penguins were becoming more and more popular this year, with millions of followers and billions of watchers worldwide. After the price spiked, these NFTs also hit a market cap of 188,569 ETH, which is just a few caps away from Bored Ape Yacht NFT, which has 196,101 ETH.
With 8,888 different penguin designs, the price of the NFTs on Ethereum will also try to hit the previous record high of 22.9 ETH, which was set on February 17 of last year.
Additionally, Penguin’s company raised $11 million to construct a new Layer 2 project called Cubed Labs, which will support initiatives aimed at widespread bitcoin adoption. In order to develop concepts and launch the testnet before the next generation of consumer cryptocurrency goods, this project will prioritize the needs of its users.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
