Penguin NFT Has Outpaced BTC In Value - Hits $107K Floor Price

Penguins NFT Has Outpaced Bitcoin In Value – Hits $107K Floor Price

Updated: 12 December 2024

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Pudgy Penguins, one of the leading non-fungible token collections, has achieved another remarkable milestone after overtaking the giant Bored Ape Yacht Club NFT collection in floor price and market capitalization earlier this week. In yet another surprising incident, the comic penguins NFT Collection has outpriced Bitcoin, solidifying its position as the world’s second most-valued non-fungible token collection.

One Pudgy Penguin is now worth more than one BTC.

It's never to late to join the huddle 🐧 pic.twitter.com/YQZXzd7bff

— Luke Belmar 👽 (@lukebelmar) December 11, 2024

Pudgy Penguins NFTs Surpass Bitcoin In Value

Data compiled by CoinGecko.com, an on-chain crypto market data aggregator and non-fungible token explorer, indicates that the Pudgy Penguins NFT series continues rallying and has surpassed the flagship crypto “Bitcoin” in value. At the time of publishing, the Pudgy Penguins NFT collection had a floor price of $107,696.33, while one Bitcoin had a market price of $101,154.40.

Source: CoinGecko.com, Pudgy Penguins NFT Trading Activity

The Pudgy Penguins is a non-fungible token collection from the 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 was launched on July 23, 2021, and sold out in just 20 minutes, with crypto traders paying just 0.03 ETH to mint each Pudgy Penguin NFT.

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

Blue-chip NFT Bull Run Is Heating Up

Earlier this week, the Penguins NFT became the second most-valued NFT collection after CryptoPunk, outpacing all-time top-selling NFT collections such as the Bored Ape Yacht Club, Azuki and Mutant Ape Yacht Club. The Pudgy Penguins’ recent achievement proves that cultural value can outshine traditional assets. The Doodles and Azuki NFT collection has also shown remarkable charge, with their floor prices pumping +30% in the past 24 hours.