Pudgy Penguins has turn out to be the second-largest non-fungible token (NFT) assortment by market cap. It has additionally introduced plans to launch an official cryptocurrency, “$PENGU,” by the tip of the 12 months.
In response to information from CoinGecko, Pudgy Penguins now holds a market cap of 219,267 ETH, equal to over $804 million, making it second solely to CryptoPunks. It has surpassed notable collections like Bored Ape Yacht Membership (BAYC), which has a market cap of $667 million.
The present flooring value for Pudgy Penguins stands at $90,548, reflecting a ten.9% improve up to now 24 hours, with a recorded gross sales quantity of two,428 ETH. Over the past seven days, the ground value has risen by 70.8%, and up to now 30 days, it has elevated by 168.7%.
The launch of the “$PENGU” coin will mark one other important milestone for the venture. The coin, which is able to debut on the Solana blockchain, could have a complete provide of 88,888,888,888 tokens.
Introducing $PENGU, the official coin of Pudgy Penguins.
Launching in 2024. Study extra under. pic.twitter.com/J715bODcM6
— Pudgy Penguins (@pudgypenguins) December 6, 2024
This information comes after Pudgy Penguins obtained a strategic funding from Animoca Manufacturers final month. The funding announcement had a noticeable affect, driving a 1,459% improve in gross sales quantity inside 24 hours, in line with CryptoSlam information.
Launched in 2021, Pudgy Penguins consists of 8,888 cartoon-style penguin NFTs on the Ethereum blockchain. Over time, the venture has expanded its presence within the Web3 and bodily markets.
In 2023, it launched Pudgy Toys, NFT-inspired character toys, which turned obtainable in 2,000 Walmart shops throughout america. By February, the toys had been added to 1,100 extra Walmart areas and later reached retailers like Goal, GameStop, Lotte, and Australia’s Huge W shops.
Every Pudgy Toy features a QR code that grants consumers entry to the Pudgy World metaverse. On this digital house, consumers can declare distinctive traits for his or her digital Without end Pudgy characters.
