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Home” NFTs” Pudgy Penguins NFTs exceed Bitcoin as flooring rate breaks $100K
by
Estefano Gomez
Dec. 11, 2024
Pudgy Penguins NFTs struck a brand-new all-time high flooring rate, exceeding $100K as enjoyment constructs around the upcoming launch of its environment token, PENGU.
Picture: Pudgy Penguins
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The Pudgy Penguins NFT collection has actually accomplished a substantial turning point, with its flooring cost going beyond the $100K mark.
The collection reached a brand-new all-time high of 27 ETH, which at press time is comparable to $102,600, exceeding Bitcoin’ s cost of$101,000.
Pudgy Penguins flooring cost on OpenSea
The task now ranks as the second-largest NFT collection behind CryptoPunks, which keeps a flooring cost of 39.5 ETH ($150,000).
The Pudgy Penguins collection, including 8,888 special NFTs, has actually been experiencing a huge purchasing spree, with its cost increasing 194% over the previous month, according to information from CoinGecko.
This spike in interest accompanies the group’ s statement of the upcoming launch of its environment token, $PENGU, which will be launched on the Solana blockchain.
While the precise release date has actually not been divulged, the group has actually verified that the token will be presented in 2024. With less than 20 days left in the year, the launch is anticipated quickly.
The PENGU token will have an overall supply of 88,888,888,888 tokens, marking a considerable cross-chain growth for Pudgy Penguins.
While the NFT collection stays based upon Ethereum, the choice to introduce the token on Solana highlights the task’ s dedication to leveraging multi-chain chances.
According to tokenomics information shared on X, 25.9% of the PENGU token supply will be dispersed to the Pudgy Penguins neighborhood, while 24.12% is designated to other neighborhoods and brand-new “ Huddle members.
Present and future staff member will get 17.8% of the supply, based on a 1 year cliff and three-year vesting duration. The business will keep 11.48% under the very same vesting conditions.
Released in 2021, Pudgy Penguins has actually developed itself as a popular NFT collection, extending its reach beyond digital possessions through retail collaborations with Walmart and Target.
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