Why This NFT Collection Hit a New All-Time High Today

This NFT Collection Hit a New All-Time High Today

Written & Edited by
Bary Rahma

11 February 2024 19:30 UTC

The Pudgy Penguins NFT collection's floor price hit a new all-time high of 21.7 ETH, indicating a significant rise in market value and popularity.
This milestone reflects increasing investor confidence in NFTs as a viable asset class, with Pudgy Penguins' market cap reaching $484,652,037.
Originating from 150 hand-drawn traits, these 8,888 unique NFTs have seen rapid appreciation since launch, underscoring their cultural impact.

The Pudgy Penguins NFT collection soared to an unprecedented peak today. Its floor price reached a new all-time high of 21.7 ETH.

This significant milestone highlights the collection’s escalating popularity and the increasing investor confidence in the digital art and collectibles market

Pudgy Penguins NFT Hit All-Time High

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The Pudgy Penguins NFT collection is escalating in popularity. With a current floor price equivalent to $54,529, it has seen a significant uptick in its market cap. Indeed, it now stands at an impressive $484,652,037.

Originating from a diverse array of 150 hand-drawn traits, these 8,888 unique NFTs have captivated the crypto community. Especially for its ethos of “spreading good vibes across the meta.” Since its launch on July 22, 2021, when it sold out in a mere 19 minutes at an initial mint price of 0.3 ETH, the collection’s value trajectory has skyrocketed.

Pudgy Penguins NFT Price Performance. Source: OpenSea

Just a week post-launch, the floor price had already escalated to 2.4 ETH, demonstrating the collection’s rapid appreciation. The sale of the rarest Pudgy, #6873, for 400 ETH in August 2022, marked a pivotal moment, highlighting the collection’s status within the NFT market.

Today’s milestone of 21.7 ETH celebrates the collection’s financial success and its significant cultural impact, with 4,484 unique owners now part of this community.