Popular non-fungible token project Pudgy Penguins has surpassed the well-known NFT - Bored Ape Yacht Club collection and took second place in this indicator. First place remains for Cryptopunks with a total value of $1,5 billion.
Pudgy Penguins' minimum price has risen 24% in the last 8,4 hours to 22,1 ETH ($86), with a weekly gain of 922% (data from CoinGecko). This has pushed its market cap to $44,9 million, surpassing BAYC's $772,5 million.
Success NFT Puddgy Penguins follows last week's announcement of an upcoming official airdrop tokens.
The project is expected to release a crypto token called “Pengu” on the network in December. Solana with a total supply of 88 tokens. 888% of the supply is planned to be distributed among the Pudgy community.
With Pengu, millions of Pudgy Penguin fans and hundreds of millions of people outside the crypto industry… will finally have the opportunity to join the character, the project team said.
Weekly trading volume has recovered slightly this month, with trading volume for the week of December 1–8 NFT on the base Ethereum amounted to $91 million, up from $56,6 million the previous week. According to CryptoSlam, this is the highest weekly figure since the end of March.
