Penguin NFT has surpassed BTC in value

Pudgy Penguins, one of the leading non-fungible token collections, has achieved another notable milestone after surpassing Bored Ape Yacht Club's giant nft collection in minimum price and market capitalization earlier this week. In another surprising incident, the Comic Penguins nft collection has surpassed the price of bitcoin, cementing its position as the second most valued non-fungible token collection in the world.

One Pudgy Penguin is now worth more than one btc.

It's never too late to join the group pic.twitter.com/YQZXzd7bff

– Lucas Belmar (@lukebelmar) <a target="_blank" href="https://twitter.com/lukebelmar/status/1866951832771367345?ref_src=twsrc%5Etfw”>December 11, 2024

Pudgy Penguins nfts Overtake bitcoin in Value

Data compiled by CoinGecko.com, an on-chain cryptocurrency market data aggregator and non-fungible token explorer, indicates that the Pudgy Penguins nft series continues to recover and has surpassed the flagship cryptocurrency “bitcoin” in value. At the time of publication, the Pudgy Penguins nft collection had a minimum price of $107,696.33, while one bitcoin had a market price of $101,154.40.

Fountain: <a target="_blank" href="https://www.coingecko.com/en/nft/pudgy-penguins”>CoinGecko.comPudgy Penguins nft Trading Activity

Pudgy Penguins is a collection of non-fungible tokens from digital asset incubation studio and cartoon toy brand Igloo, featuring a limited edition of 8,888 penguin birds hosted on the ethereum blockchain network. The Pudgy Penguins nft collection launched on July 23, 2021 and sold out in just 20 minutes, with cryptocurrency traders paying just 0.03 eth to mint each Pudgy Penguin nft.

Pudgy Penguins' nft collection began picking up earlier this week, shortly after its team announced that they are launching a duped “native token” “$PENGU” on the Solana blockchain network. The announcement generated a lot of frenzy within the Pudgy Penguins nft ecosystem. The new Pengu token features a limited supply of 88,888,888,888 PENGU, with the team allocating 25% to existing holders of the Pudgy Penguins, Lil Pudgys, and Pudgy Rods nft collections.

Frontline nft Bull Run Is Heating Up

Earlier this week, Penguins nft became the second most valued nft collection after CryptoPunk, surpassing the best-selling nft collections of all time such as Bored Ape Yacht Club, Azuki, and Mutant Ape Yacht Club. The recent achievement of plump penguins shows that cultural value can overshadow traditional goods. The Doodles and Azuki nft collection have also shown notable charge, with their bottom prices rising 30% in the last 24 hours.