Pudgy Penguins has develop into 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 yr.
Based on 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 ground worth for Pudgy Penguins stands at $90,548, reflecting a ten.9% enhance previously 24 hours, with a recorded gross sales quantity of two,428 ETH. During the last seven days, the ground worth has risen by 70.8%, and previously 30 days, it has elevated by 168.7%.
The launch of the “$PENGU” coin will mark one other vital milestone for the mission. The coin, which is able to debut on the Solana blockchain, may have a complete provide of 88,888,888,888 tokens.
Introducing $PENGU, the official coin of Pudgy Penguins.
Launching in 2024. Study extra beneath. 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% enhance in gross sales quantity inside 24 hours, in response to CryptoSlam information.
Launched in 2021, Pudgy Penguins consists of 8,888 cartoon-style penguin NFTs on the Ethereum blockchain. Over time, the mission has expanded its presence within the Web3 and bodily markets.
In 2023, it launched Pudgy Toys, NFT-inspired character toys, which grew to become accessible in 2,000 Walmart shops throughout the US. By February, the toys had been added to 1,100 extra Walmart areas and later reached retailers like Goal, GameStop, Lotte, and Australia’s Large W shops.
Every Pudgy Toy features a QR code that grants patrons entry to the Pudgy World metaverse. On this digital house, patrons can declare distinctive traits for his or her digital Perpetually Pudgy characters.
