Pudgy Penguins nft floor price hit an all-time high of 27 eth, surpassing bitcoin.
The collection plans to launch the PENGU token on Solana in 2024, marking a cross-chain expansion.
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The Pudgy Penguins nft collection has achieved a major milestone: its minimum price has surpassed the $100,000 mark.
The collection reached a new all-time high of 27 eth, which at the time of this publication is equivalent to $102,600, surpassing bitcoin's price of $101,000.
Minimum price for Pudgy Penguins on OpenSea
The project now ranks as the second-largest nft collection behind CryptoPunks, which maintains a minimum price of 39.5 eth ($150,000).
The Pudgy Penguins collection, which consists of 8,888 unique nfts, has been experiencing a massive buying spree, with its price rising 194% over the past month, according to data from <a target="_blank" href="https://www.coingecko.com/en/nft/pudgy-penguins” target=”_blank” rel=”noopener nofollow noreferrer”>CoinGecko.
This increase in interest coincides with that of the team. <a target="_blank" href="https://x.com/pudgypenguins/status/1864851993094664602″ target=”_blank” rel=”noopener nofollow noreferrer”>advertisement of the upcoming launch of its ecosystem token, $PENGU, which will be launched on the Solana blockchain.
While the exact launch date has not been revealed, the team has confirmed that the token will be introduced in 2024. With less than 20 days left in the year, the launch is expected soon.
The PENGU token will have a total supply of 88,888,888,888 tokens, marking a major cross-chain expansion for Pudgy Penguins.
While the nft collection remains based on ethereum, the decision to launch the token on Solana underscores the project's commitment to leveraging multi-chain opportunities.
According to tokenomics details shared on
Current and future team members will receive 17.8% of the supply, subject to a one-year cap and a three-year vesting period. The company will retain 11.48% under the same award conditions.
Launched in 2021, Pudgy Penguins has established itself as a leading nft collection, expanding its reach beyond digital assets through retail partnerships with Walmart and Target.
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