Pudgy Penguins NFT Collection Sets New ATH With Floor Price Over $100K, Second Only to CryptoPunks

The Pudgy Penguins NFT collection has set a new all-time high (ATH), with a floor price of more than $100,000. Trading at 27.55 ETH, or around $108,094

The Pudgy Penguins NFT collection has reached a new all-time high (ATH) with a floor price that has surpassed even Bitcoin at its current ATH, trading at 27.55 ETH, or around $108,094.

PENGU, the token of the ecosystem, is set to launch soon on the Solana network, promising an exciting future for the project.

Rising Constantly, Pudgy Penguins Floor Price Hits Record High

The floor price of the collection has been rising steadily, with a recent sharp increase. As we reported earlier, the announcement of the upcoming PENGU token launch by the development team to support the Pudgy Penguins ecosystem appears to be driving this surge. The token is expected to benefit the broader community and other stakeholders.

Indicating the success of the collection, the floor price, which denotes the lowest price of an asset in the NFT market, is a crucial metric. The strong growth of the ecosystem within a positive NFT market trend is also highlighted by the companion collections, such as Lil’ Pudgys, which has seen over 90% price increases in the last seven days.

Pudgy Penguins is now among the top NFT collections, with its floor price exceeding $100,000, second only to CryptoPunks, which has a floor price of 39.5 ETH (around $150,000).

Despite being an older collection, Pudgy Penguins NFTs, out of the total 8,888, still manage to captivate buyers. The collection has seen a price increase of over 200% in the last 30 days, according to CoinGecko.

The PENGU token is expected to launch before the end of 2024, though the exact date is yet to be announced. With a maximum supply of 88,888,888 tokens, PENGU is set to expand the Pudgy Penguins ecosystem significantly, particularly in the realm of cross-chain projects.

While the PENGU token will utilize the Solana network, showcasing the project's commitment to maximizing potential across multiple blockchain systems, the Pudgy Penguins NFT ecosystem will continue to be centered around Ethereum.