In the past 24 hours the Pudgy Penguins’ floor price surpassed $100,000. This is a result of the excitement surrounding the movie. Ethereum NFT The project’s upcoming token distribution Solana.
It was last week that the 8,888 Penguin NFTs hit a record high, when trading began at $62,000. Soon after, the team behind the project began to trade around $62,000. The announcement of an eco-token—PENGU—will be launched on Solana in the near future, rewarding holders of the Pudgy Penguins ecosystem and beyond.
Since that time, Pudgy Penguins has cemented itself as the second most-expensive profile picture (PFP) project, rising by 99% in the last seven days to a current price of over $103,000 worth of ETH—a new all-time high mark—and surpassing the Bored Ape Yacht Club in the process, according to data from NFT Price Floor.
A floor price is the price at which an asset will be sold on a NFT. Pudgy’s ecosystem of NFTs also saw a dramatic rise. Its companion collections Lil’ Pudgys, and Pudgy Rogs (aka Rogs), both have seen an increase in sales by more than 90% over the past seven days.
The Pudgy Penguins community will receive 25.9% from the total supply of 88.88 Billion tokens.
PENGU should launch by the end of 2020, although no specific date has been given.
Introduce $PENGU as the official coin for Pudgy Penguins.
Launching by 2024 Below you can find out more. pic.twitter.com/J715bODcM6
— Pudgy Penguins (@pudgypenguins) December 6, 2024
Despite this, trading pre-market has already begun in applications such as Whales Market where PENGU traded regularly between $0.04 and $0.05 for a lifetime volume of nearly $300,000.
Whales Market offers pre-market trades that are reliable and volatile, compared to other pre-market traders. Effectively, the ME tokens airdrop on Tuesday was priced at a ballpark price Magic Eden, a Bitcoin and NFT decentralized exchange.
Estimates based on current pre-market trading could place the PENGU fully diluted valuation, or the price of the token multiplied by the total token supply, at $4.5 billion—a mark that would put the PENGU token in the same range and FDV of tokens like AAVE or PYTH, both top 100 tokens by Market capitalization according CoinGecko.
Pudgy Penguins is a brand that was almost forgotten by the NFT industry, but it has now become one of most recognisable brands on web3. Since its acquisition Luca Netz, the current leader of the company, is expected to lead it in 2022. Since then, the brand has expanded to include physical toys that are sold by major retailers such as Walmart and Target as well as video games with blockchain technology.
Igloo Inc. was recently acquired by the parent company of this project. More than $11 million raised Abstract is an Ethereum-based platform that allows you to create your own custom applications. The layer-2 network Blockchain is a consumer-centric technology.
Andrew Hayward edited the book