Shift

Moonbirds

when

April

<p>In this article, we will talk about the recent shift in the NFT market, highlighting the moment when Pudgy Penguins momentarily eclipsed the Bored Ape Yacht Club in terms of floor price, signaling a significant market event.</p>
<figure class="wp-block-image size-large"><img loading="lazy" width="1200" height="630" src="https://cryptocdn.fra1.cdn.digitaloceanspaces.com/sites/8/What-is-10KTF-NFT.jpg" alt="Bored Ape" class="wp-image-106569">
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<h2 id="h-pudgy-penguins-vs-bored-ape-shift-in-dominance"><strong><strong>Pudgy Penguins vs Bored Ape:</strong> Shift in Dominance</strong></h2>
<p>For a brief period, the lowest price at which a <a href="https://cryptoticker.io/en/pudgy-world-alpha-a-new-era-in-blockchain-gaming/" target="_blank" rel="noopener noreferrer nofollow">Pudgy Penguin</a> NFT could be purchased exceeded that of a Bored Ape, marking the first instance of such a shift in market dynamics. This event occurred at approximately 11:00 AM UTC, with the Pudgy Penguin floor price reaching 22.2 ETH ($61,780), slightly above the Bored Ape’s floor price of 22.1 ETH ($61,500). This development, although fleeting, is noteworthy in the evolving landscape of NFTs.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">It's done <a href="https://t.co/NIPvMRGJJ5" rel="noopener noreferrer nofollow">pic.twitter.com/NIPvMRGJJ5</a></p>— parsec (@parsec_finance) <a href="https://twitter.com/parsec_finance/status/1758806805176840690?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 17, 2024</a>
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<h2 id="h-market-trends-and-analysis"><strong>Market Trends and Analysis</strong></h2>
<p>The rise of <a href="https://cryptoticker.io/en/pudgy-penguins-nft-collection-walmart/" target="_blank" rel="noopener noreferrer nofollow">Pudgy Penguin</a>s has been remarkable, with their floor price soaring by 320% from 5 ETH to about 21 ETH since November. This growth contrasts sharply with the declining floor price of Bored Apes, which has decreased from a peak of 160 ETH in April 2022 to around 22 ETH.</p>
<figure class="wp-block-image size-large"><img loading="lazy" width="918" height="271" src="https://cryptocdn.fra1.cdn.digitaloceanspaces.com/sites/8/WhatsApp-Image-2024-02-17-at-20.57.53_adf75a85.jpg" alt="" class="wp-image-124682">
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<p>The downturn for Bored Apes persisted despite Yuga Labs’ recent <a href="https://cryptoticker.io/en/yuga-labs-aquires-proof/" target="_blank" rel="noopener noreferrer nofollow">acquisition of Proof</a>, known for the Moonbirds collection. This move has left many Bored Ape enthusiasts puzzled, with some describing it as inexplicable and odd.</p>
<h2 id="h-community-support-and-recognition"><strong>Community Support and Recognition</strong></h2>
<p>GordonGoner.eth, a figure associated with Yuga Labs, expressed admiration for Pudgy Penguins, acknowledging the achievement and the unique experience of working towards a common goal with such dedication.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">Proud of <a href="https://twitter.com/pudgypenguins?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@pudgypenguins</a>. I remember the feeling the team must feel today, and it was beyond surreal. I miss working with that singleness of purpose. Miss the hustle. <a href="https://twitter.com/LucaNetz?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@LucaNetz</a> you earned today. Keep going.<br><br>Finally, a worthy opponent. <a href="https://t.co/8runSPnlOE" rel="noopener noreferrer nofollow">pic.twitter.com/8runSPnlOE</a></p>— GordonGoner.eth (Wylie Aronow) <img src="https://s.w.org/images/core/emoji/13.0.1/72x72/1f34c.png" alt="🍌" class="wp-smiley"> (@GordonGoner) <a href="https://twitter.com/GordonGoner/status/1758810105708179929?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 17, 2024</a>
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<h2 id="h-conclusion"><strong>Conclusion</strong></h2>
<p>This event underscores the fluidity and competitive nature of the NFT market, where changes in valuation and leadership can happen swiftly. It reflects not only the speculative nature of the market but also the impact of community, innovation, and strategic moves within the industry.</p>
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Pudgy Penguins flips Bored Ape Yacht Club!

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