PENGU NFT Craze: How a Wave of Unprecedented Purchases Shook the Digital Art Market
Move over, bored apes—there's a new NFT kingpin in town. The PENGU collection just shattered expectations with a buying frenzy that left even crypto veterans blinking at their screens.
When FOMO Met Blockchain
Nobody saw this coming—not the degens, not the 'smart money,' not even the project's creators. A sudden tsunami of buys swept through the PENGU market, proving once again that NFT mania can reignite faster than a gas fee spike.
The Aftermath
Secondary markets are already pricing PENGUs at multiples of their mint cost. Meanwhile, traditional art dealers are either quietly adding 'digital asset consultant' to their LinkedIn profiles or dismissing the whole trend as 'tulips 2.0' between sips of $18 lattes.
One thing's certain: in the casino of crypto, the house always wins—until a plucky penguin waddles in to rewrite the rules.
In brief
- A purchase of 45 CryptoPunks for 10 million dollars reignites hype around flagship NFTs.
- The PENGU token from Pudgy Penguins jumps 26.7%, reaching a market cap of 2.4 billion.
NFT: PENGU explodes after the purchase of 45 CryptoPunks
Theis linked to the NFT collection from Pudgy Penguins. It establishes itself as the best-performing digital asset of the day on the crypto market. Its value jumped by +26.7% within 24 hours according to the data.
That’s not all! The PENGU token also now shows a market capitalization of over 2.4 billion dollars. And over the last 30 days, its growth is impressive: +310%, a record in the top 100.
This spectacular surge originates from a viral transaction on OpenSea. A user, thus driving the floor price of this digital collection up by +16.5%. Subsequently, the Pudgy Penguins’ floor price climbed by +13.3% to 16.57 ETH. This amounts to approximately $63,000.
This renewed interest also. Mainly referring to Bored APE Yacht Club, Azuki, and Moonbirds, which all show double-digit increases. This phenomenon confirms the domino effect that can result from a major sweep on a flagship NFT collection.
NFT: Towards a new hype for digital collections?
The enthusiasm around this record transaction reignites speculation about. In addition to PENGU, which saw a 31% rebound last week, several projects are betting on tokenizing their NFTs to maintain interest.
For example, Rektguy saw its floor price jump by +27%. However, its REKT token only increased by +4.5%. This proves the current dynamic remains focused on visual rarity and iconic collections.
Other projects follow this model. Such is the case of DeGods, once a solana star. It launched its own token but struggles to take off again. Its floor price still gained +16.8%, even though its token dropped by -91% since its peak.
The NFT market resurgence is a sign of returning speculative appetite. The CryptoPunks effect might just be the beginning. Is a new euphoric season approaching? Investors are on the lookout!
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