Pudgy Penguins NFT, a project that’s considered to be an OG blue-chip NFT collection, has hit new all-time highs. The collection reached a floor price of 7.3 ETH just yesterday, flipping blue-chip collections like Clone X and Doodles.
Pudgy Penguin’s price surge
The Pudgy Penguin’s community has been through a rollercoaster of events in the past year, to say the least. With that being said, the collection has seen positive price movement ever since it was bought out by Luca Schnetzler. Further, the analytics for Pudgy Penguins in the last 7 days have been astonishing. According to Opensea, the collection ranked 6th based on total volume traded compared to all other collections. To specify, users traded 1457 ETH worth of Pudgy’s, which is a 546% increase. MAYC, Otherdeed, and Crypto Punks were all within striking distance. In addition, in that same 7-day period, there have been 214 Pudgy Penguin sales.
Additionally, Pudgy Penguin’s secondary collection, Lil Pudgys, also saw a boost in floor price. In the past 7 days, there has been a 578% increase in volume and 1085 sales. The collection is currently sitting at 0.49 at the time of writing this.
The recent surge in floor prices displays the positive sentiment the NFT community has towards Pudgy Penguins. This has everything to do with Schneltzer, better known as Luca Netz on Twitter. His transparency and vision have the community excited for what’s to come. A licensing deal was recently signed to turn Pudgy’s into physical toys, for example.
The floor prices of some notable collections are up, as is Twitter engagement, putting many in a state of hysteria. Only time will tell how long this state of excitement will last.