To The Moon

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<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>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <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" rel="noopener noreferrer nofollow">pic.twitter.com/GbkbZWmd7x</a></p>
 <p>— Stats (@punk9059) <a href="https://twitter.com/punk9059/status/1808095905846874298?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 2, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="pudgy-penguins-nft-sales-jump-400-in-24-hours">Pudgy Penguins NFT Sales Jump 400% In 24 Hours</h2>
<p>Data compiled by <a href="https://www.cryptoslam.io/" rel="noopener noreferrer nofollow">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>
<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>
<p>&nbsp;</p>
<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>
<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>
<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>
<h2 id="pudgy-penguins-and-bored-ape-fight-for-dominance">Pudgy Penguins And Bored Ape Fight For Dominance</h2>
<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>
<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’ market dominance is now at an ATH. <a href="https://insidebitcoins.com/news/author/dominic" rel="noopener noreferrer nofollow">InsideBitcoins</a> will follow these NFT market trends keenly to offer insight into which NFT collections will lead the next NFT bull market.</p>
<h3 id="related-nft-news">Related NFT News:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/the-nft-market-records-3-73b-in-q2-2024-down-20-from-q1-2024" rel="noopener noreferrer nofollow">The NFT Market Records $3.73B In Q2, 2024, Down 20% From Q1, 2024</a></li>
 <li><a href="https://insidebitcoins.com/news/solana-beats-them-all-in-daily-nft-sales-becomes-the-leading-nft-blockchain" rel="noopener noreferrer nofollow">Solana Beats Them All In Daily NFT Sales – Becomes The Leading NFT Blockchain</a></li>
 <li><a href="https://insidebitcoins.com/news/breaking-polygon-becomes-the-leading-nft-blockchain-its-nft-sales-jump-42" rel="noopener noreferrer nofollow">Breaking: Polygon Becomes The Leading NFT Blockchain – Its NFT Sales Jump 42%</a></li>
</ul>

Pudgy Penguins Is Heading To The Moon – Its NFT Sales Rise 400% In The Past 24 Hrs

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Inside Bitcoins

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