With the recent increase in transaction volume, penguins have outperformed both CryptoPunks and Bored Apes in sales in recent days (Image: Twitter / Pudgy Penguins)
If you know the non-fungible token market (NFTs, the acronym in English), you’ve probably heard of this Chubby penguins. Accordingly decryptwho have favourited Pudgy Penguins are a collection of 8,888 NFTs that are network-enabled. ether.
similar to Cryptopunks, each NFT in the collection contains a different penguin with unique properties that can range from accessories such as glasses and scarfs to different hairstyles.
Like other NFT projects, the Pudgy Penguins have had great success. The collection’s NFTs sold out quickly, even though they were only released three weeks ago.
The penguins had a “boom” on Twitter when they co-founded Reddit Alexis OhanianHe tweeted his NFT collection this Tuesday (10).
so it starts pic.twitter.com/KH34H7z13c
– AlexisOhanian 7️⃣7️⃣6️⃣ (@alexisohanian) August 10, 2021
However, the huge popularity of NFTs is not as new as that of pudgy penguins. The sector has already set impressive records with a total transaction volume of $ 2.5 billion in the first half of this year.
Although CryptoPunks are one of the collections well known and Guys from the NFT world, Pudgy penguins have also shown their growth potential.
Noisy CryptoSlam, The Penguin Collection’s transaction volume this Thursday (12) reached $ 11.8 million in ether (ETH), which marks a new high point for the collection. Before that, Pudgy Penguins was worth $ 3.6 million.
With the recent surge in transaction volume, Penguins outperformed both CryptoPunks and Bored Apes in revenue for the past few days, as the former was $ 7.6 million in volume while the latter hit $ 2.1 million.
However, although the NFT market is not as closely related to the traditional market, the law of supply and demand also applies in the world of unique tokens. With the new wave of popularity, the prices for pudgy penguins have also skyrocketed.
At this moment it is lowest amount charged for a penguin NFT is 3.9 ethers, about $ 12.4 thousand, while yesterday (12) the minimum price was 2.3 ethers, about $ 7 thousand.
The price increase can also be seen in the higher quality pudgy penguins. Until now that is most expensive NFT in the collection surprisingly it was that of a penguin against a green background, without any accessories or other elements. What sets this token apart from the others is that the penguin is the only one pointing to the left.
Sold this week for 150 WETH (Wrapped Ethereum), about $ 458,000, to the new owner of the most expensive pudgy penguin ever offered for sale on the OpenSea platform for over a thousand ethers, which is over three million dollars.
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