As a seasoned crypto investor with a knack for spotting trends and a penchant for penguins, I must admit that the recent surge of Pudgy Penguins on Ethereum has caught my attention. Having missed the Bored Ape Yacht Club bandwagon, this new NFT phenomenon seems to be a fresh opportunity to jump in.
For the very first time, the value of Plump Penguins exceeded that of Bored Ape Yacht Club on the Ethereum network. This significant jump occurred due to the imminent launch of its native token associated with the NFT collection.
As an analyst, I’ve noticed a significant jump in the price of Pudgy Penguins on Ethereum (ETH), reaching a peak of 21.49 ETH, which is equivalent to approximately $83,930. Remarkably, this surpasses the current value of Bored Ape Yacht Club tokens, also at about $83,930, with a price of 19.85 ETH.
Based on CoinGecko’s data on Dec. 09, these NFTs saw a 7.1% rise in value over the previous trading day, going from 19.85 Ether to 21.04 Ether. The trading volume also significantly increased, reaching nearly half of the most recent trading day’s volume at approximately 2,653 Ether.
The surge in popularity for this NFT modeled after penguins, following the recent announcement about its association with the token $PENGU, is set to launch on the Solana blockchain this year.
At Igloo Inc., we plan to issue a total of 88 billion tokens. Out of this amount, about 25.9% will be set aside for our initial community, and an additional 24% will go towards another community. The remaining 11.48% will belong to the company itself.
“$PENGU will have a total supply of 88,888,888,888 and will launch on Solana,”
they mentioned on X’s post on Dec. 06
Viral Pudgy Penguins NFT
As per the article, the popular Pudgy Penguins have been growing in popularity this year, amassing millions of followers and billions of viewers worldwide. These Non-Fungible Tokens (NFTs) even reached a market value of approximately 188,569 Ether, just shy of Bored Ape Yacht Club NFT’s value of 196,101 Ether.
8,888 one-of-a-kind penguin cartoon NFTs are poised to reach another record price high of 22.9 Ether, a peak last seen 10 months ago on February 17th, on the Ethereum blockchain.
Penguin’s company additionally raised $11 million for constructing a new venture on the Layer 2 platform, specifically aimed at Cubed Labs ventures that promote widespread cryptocurrency usage. This project adopts a user-centric strategy when designing and deploying prototypes, with plans to launch the testnet before the upcoming surge of consumer crypto products.
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2024-12-09 05:46