PENGU’s 385% Surge Fires Pudgy Penguins Into Second-Largest NFT Ranking
Main Idea
The Pudgy Penguins NFT collection has surpassed the Bored Ape Yacht Club in market capitalization, driven by a 385% surge in its native PENGU token, signaling a potential revival in the NFT market.
Key Points
1. The Pudgy Penguins NFT collection's market cap reached $360 million, surpassing the Bored Ape Yacht Club's $333 million.
2. The PENGU token surged 385% over five weeks, starting from a support level of $0.007737 in late June.
3. CryptoPunks saw a 4,600% spike in trading volume, with its market cap at $612 million and average NFT price at $181,480.
4. Pudgy Penguins NFTs traded at an average price of $57,520 during the same period.
5. The PENGU token, launched in December 2024, serves as a utility governance token for NFT-related activities.
Description
The Pudgy Penguins NFT collection has surpassed the Bored Ape Yacht Club in market cap, now at $360M The move is fueled by a 385% rally in the ecosystem’s native PENGU token over the last five weeks This, plus a 4,600% volume spike for CryptoPunks, may signal a broad NFT market revival is here. The Pudgy Penguins collection has surpassed the iconic Bored Ape Yacht Club in market capitalization, climbing to the number two spot globally. The move is being fueled by a massive 385% rally in the ecos...
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