{"id":542250,"date":"2024-07-02T12:38:36","date_gmt":"2024-07-02T12:38:36","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=542250"},"modified":"2024-07-02T12:38:36","modified_gmt":"2024-07-02T12:38:36","slug":"pudgy-penguins-is-heading-to-the-moon-its-nft-sales-rise-400-in-the-past-24-hrs","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pudgy-penguins-is-heading-to-the-moon-its-nft-sales-rise-400-in-the-past-24-hrs","title":{"rendered":"Pudgy Penguins Is Heading To The Moon \u2013 Its NFT Sales Rise 400% In The Past 24 Hrs"},"content":{"rendered":"<p>The non-fungible token market is back on hype after suffering from massive floor price value volatility and liquidity challenges in the past several months. Pudgy Penguins, which has pumped nearly 400% in trading sales volume today, is a testament that NFTs are so back.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Pudgys completely on fire, rising to above 12 ETH on 500+ ETH of buy-only volume. <a href=\"https:\/\/t.co\/GbkbZWmd7x\">pic.twitter.com\/GbkbZWmd7x<\/a><\/p>\n<p>&mdash; Stats (@punk9059) <a href=\"https:\/\/twitter.com\/punk9059\/status\/1808095905846874298?ref_src=twsrc%5Etfw\">July 2, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Pudgy Penguins NFT Sales Jump 400% In 24 Hours<\/h2>\n<p>Data compiled by <a href=\"https:\/\/www.cryptoslam.io\/\">CryptoSlam.io<\/a>, an on-chain crypto market data aggregator and a multi-chain non-fungible token explorer, shows that the Pudgy Penguins non-fungible token collection has surged more than 390% today. In the past 24 hours, the NFT collection has seen its sale volume raising to more than 500 ETH or over $1.4 million.<\/p>\n<p><img decoding=\"async\" class=\"alignnone  wp-image-542260\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/Pudgy-Penguins-300x115.png\" alt=\"Pudgy Penguins\" width=\"843\" height=\"323\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/Pudgy-Penguins-300x115.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/Pudgy-Penguins.png 652w\" sizes=\"(max-width: 843px) 100vw, 843px\"><\/p>\n<p>&nbsp;<\/p>\n<p>Launched in July 2021, Pudgy Penguins is a non-fungible token collection from the toy brand Pudgy Penguins that features a fixed edition of 8,888 NFTs hosted on the Ethereum blockchain network. The NFT project was formed by a cohort of university students but later sold to Lucas Netz, who is now the CEO of the project.<\/p>\n<p>Since last year, the Pudgy Penguins NFT collection has beaten all odds and resistance barriers to become one of the top-selling non-fungible token collections in the Ethereum NFT ecosystem. Last week, the NFT collection flipped the dominant Bored Ape Yacht Club NFT collection in its floor price value.<\/p>\n<p>In the meantime, the Pudgy Penguins NFT collection continues holding strong dominion in the non-fungible market. In the past 24 hours, the Pudgy NFT collection has amassed a trading sales volume of $1.9 million. It has a market capitalization of $375 million and a floor price of $42,266.<\/p>\n<h2>Pudgy Penguins And Bored Ape Fight For Dominance<\/h2>\n<p>The Pudgy Penguins resurgence has not come as a surprise. In recent weeks, there has been a back-and-forth between Pudgy Penguins and Bored Apes in the battle for the top spot. Fortunately, the Pudgy Penguin has won. Currently, 1 Pudgy Penguin is equivalent to 1.22 Bored Apes.<\/p>\n<p>In the past 12 hours, the Pudgy Penguins non-fungible token collection has seen 45 sales at a 44:1 ratio between organic sales and accepted bids. Pudgy Penguins&rsquo; market dominance is now at an ATH. <a href=\"https:\/\/insidebitcoins.com\/news\/author\/dominic\">InsideBitcoins<\/a> will follow these NFT market trends keenly to offer insight into which NFT collections will lead the next NFT bull market.<\/p>\n<h3>Related NFT News:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/the-nft-market-records-3-73b-in-q2-2024-down-20-from-q1-2024\">The NFT Market Records $3.73B In Q2, 2024, Down 20% From Q1, 2024<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/solana-beats-them-all-in-daily-nft-sales-becomes-the-leading-nft-blockchain\">Solana Beats Them All In Daily NFT Sales &ndash; Becomes The Leading NFT Blockchain<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/breaking-polygon-becomes-the-leading-nft-blockchain-its-nft-sales-jump-42\">Breaking: Polygon Becomes The Leading NFT Blockchain &ndash; Its NFT Sales Jump 42%<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Newest Meme Coin ICO - 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Pudgy <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1882,"featured_media":542259,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-542250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pudgy Penguins Is Heading To The Moon \u2013 Its NFT Sales Rise 400% In The Past 24 Hrs<\/title>\n<meta name=\"description\" content=\"Pudgy Penguins, which has pumped nearly 400% in trading sales volume today, is a testament that NFTs are so back.\" \/>\n<meta name=\"robots\" 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