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- Pudgy Penguins NFT collection hits a new milestone with increasing popularity and strong ecosystem development.
- The upcoming PENGU token launch on Solana highlights cross-chain expansion and community-focused growth in the Pudgy Penguins ecosystem.
The Pudgy Penguins NFT collection has set a new all-time high (ATH), with a floor price of more than $100,000. Trading at 27.55 ETH, or around $108,094, it has exceeded the value of Bitcoin at its current ATH.
PENGU, the token of the ecosystem, is scheduled to launch shortly on the Solana network, offering a hopeful future for the project.
Pudgy Penguins Ecosystem Growth Drives Record-Breaking Trends
The floor price of the collection has been rising constantly, and it has experienced an amazing spike lately. As we previously reported, the announcement of the upcoming PENGU token launch by the development team, meant to support the Pudgy Penguins ecosystem, seems to be the impetus for this expansion. Other interested parties as well as the community should gain much from the token.
A crucially important sign of the success of the collection is the floor price, which shows the lowest price of an asset in the NFT market. Over 90% price rises in companion collections like Lil’ Pudgys over the previous seven days also show the strong growth of the ecosystem among a positive NFT market trend.
Second only to CryptoPunks, which has a floor price of 39.5 ETH (about $150,000), Pudgy Penguins ranks among the biggest NFT collections presently, with its floor price above $100,000.
There are 8,888 distinctive NFTs in the Pudgy Penguins collection that draw buyer interest nonetheless. Over the last 30 days, the collection has seen a price rise of more than 200%, according to CoinGecko.
Although the precise release date is yet unknown, the PENGU token is expected to debut before 2024 ends. With a maximum supply of 88,888,888 tokens, PENGU is intended to greatly expand the Pudgy Penguins ecosystem, especially with regard to cross-chain projects.
While the PENGU token will use the Solana network, therefore showing the project’s dedication to maximizing potential across several blockchain systems, the Pudgy Penguins NFT ecosystem will remain Ethereum-based.
