- It’s Floor price surged over 400% in August 2022.
- One collector spent $1 million in September 2021.
Pudgy Penguins is a collection of 8888 NFTs with proof of ownership stored on the ethereum blockchain. It is a WEB3-born brand and its aim is to foster creativity, freedom, and community. This brand has a variety of collectibles to offer such as merchandise, toys, and digital collectibles. They believe in the power of play and imagination.The Pudgy Penguins brand advertises itself as a beacon of good vibes and positivity for all.
Some statistics about Pudgy Penguin
There are 4600 holders of pudgy penguins out of which 52% are unique, 101 are the high conviction holders with holdings of 10+ holdings and 6% of the total holdings,which is 575 of the total 6%. The total volume is 159,463 ETH and the floor price at the time of writing this article is 4.2784 ETH.Current market cap is 37,774 ETH and the last 24h Volume is 205.825 ETH. Snapshot of the graph of the last 7 days’ floor price and volume can be seen below.
Credit: OpenSea
In the last 7 days, Pudgy Penguins were sold 410 times. The total sales volume for Pudgy Penguins was $3.37M. The average price of this NFT was $8000. If you want to buy these cute penguin avatars then the two best options are Open Sea and LooksRare, but first you will need to make a crypto wallet. Coinbase and the Gemini are the two best options available currently and once your wallet is filled with some crypto, you can buy the penguin avatars you want.
The rise of Pudgy Penguins
Pudgy Penguins saw a massive fall when its founding team emptied the project’s funds. In April of 2022, the team of Pudgy Penguins closed a sale and leadership of the project was transferred to a buyer who was holding Pudgy Penguins NFTs worth $2.5 millions. The buyer claimed that he knew from the beginning and from the first time he bought the Pudgy Penguins that this NFT has the highest potential when it comes to brand potential.
Many NFTs had a downfall last year. As per a bloomberg report, the trading volume of the NFT market fell from $17 billion to $466 million in the year 2022. In this downfall of the NFTs one project managed to escape the falling trend and registered astonishing results. This NFT was none other than Pudgy Penguins. This collection has seen a three-figure increase in its floor price in just the last few months.
This project was introduced when the animal based NFTs were rising in terms of popularity. In September 2021, an investor paid 1 million dollars to buy just one piece of the collection. This was the rise of the Pudgy Penguins but as noted earlier, the brand has also had to face some problems. Overall, it remains a very trustable NFT collection.
