Pudgy Penguins have recently made headlines by surpassing the price of the popular Bored Ape Yacht NFT on Ethereum. The price of Pudgy Penguins on Ethereum reached 21.49 ETH, equivalent to $83,930, while the Bored Ape Yacht price was 19.85 ETH or $83,930. This surge in price occurred as the NFT’s native token, $PENGU, is set to be released on the Solana blockchain in the near future. CoinGecko data shows that the NFTs saw a 7.1% increase in price in just one day, with trading volume also surging to 2,653 ETH.
The upcoming $PENGU token will have a total supply of 88 billion, with a significant portion allocated to the community. Igloo Inc., the company behind Pudgy Penguins, plans to allocate 25.9% of the token supply to the community, another 24% to a separate community, and 11.48% to the company itself. The announcement of the $PENGU token launch has generated significant excitement and anticipation among NFT enthusiasts and crypto investors. The token is expected to launch on the Solana blockchain, offering new opportunities for engagement and participation.
The Pudgy Penguins NFTs have gained viral popularity in recent months, attracting millions of followers and billions of viewers worldwide. The NFTs have achieved a market cap of 188,569 ETH, coming close to the market cap of the Bored Ape Yacht NFT at 196,101 ETH. With 8,888 unique penguin cartoons, the price of Pudgy Penguins on Ethereum is projected to hit a new all-time high of 22.9 ETH, set 10 months ago. The company behind Pudgy Penguins has also secured $11 million in funding to launch a new project on Layer 2, supporting ventures such as Cubed Labs and aiming for widespread cryptocurrency adoption.
Overall, the surge in price and popularity of Pudgy Penguins NFTs signals a growing interest in the NFT market, with collectors and investors eager to participate in this booming sector. The upcoming release of the $PENGU token on the Solana blockchain promises new opportunities for engagement and community involvement. As NFTs continue to captivate audiences worldwide, Pudgy Penguins are poised to make a significant impact in the world of digital collectibles and blockchain technology. Stay tuned for more updates on the exciting developments surrounding Pudgy Penguins and the $PENGU token release.
