NFT Sales Surge, Pudgy Penguins Leads With Record-breaking Growth
By Ruchi Sharma
The digital asset market experienced a significant uptick last week, with Non-Fungible Token (NFT) sales surging by 16.36%, reaching a total of $224.5 million in weekly transactions. Ethereum remained the dominant blockchain, accounting for $119 million in sales—a 21.33% increase compared to the previous week.
NFT sales spike to $224m, Pudgy Penguins sales surge 50%
Among the most notable performers was the Pudgy Penguins collection, which maintained its position as the top-selling NFT series. With a sales volume of $30 million, Pudgy Penguins saw a remarkable 51.53% rise from the prior week. A key catalyst for the recent price surge is the launch of the Pengu Coin ($PENGU) listed on Binance and an airdrop. Backed by a strong brand and vibrant community, Pudgy Penguins is expected to enter the ranks of the top 30 cryptocurrencies by market cap.
This surge has driven the price of individual NFTs within the collection to new heights. The priciest Penguin, currently listed at 50.3 ETH (about $197,500), now exceeds the value of Bitcoin, which is hovering around $104,000. The cheapest Penguin is priced at 27.65 ETH or $108,460.
Pudgy Penguins NFTs surpass Bitcoin as floor price breaks $100K
Pudgy Penguins now holds a 21.88% market share, overtaking the Bored Ape Yacht Club, which has 16.31%, according to data from Coingecko. Beyond digital collectibles, Pudgy Penguins is expanding its brand through merchandise and toys.
Pudgy Penguins launched the PENGU token
Pengu token’s total supply is set at 88.88 billion, with significant allocations to the community, NFT collections, and the Pudgy Penguins team. This new token on the Solana blockchain is designed to incentivize the NFT ecosystem and drive further market interest.
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