Pudgy Penguins NFTs Witnesses Over 500% Surge in Trading Volume

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Jennifer Iyer
Jennifer Iyer
Jennifer is our Technical writer, she has a degree in Mass Communication & she loves to review and unboxing about the smartphones & Laptops. He is a Senior blogger at thenewsmansion.com.
  • The Pudgy Penguins Toy Collection was recently released at over 2,000 Walmart shops.
  • As of May 2023, the project secured a massive $9 million in funding.

Lately, there has been a massive increase in the trade volume of the Pudgy Penguins NFT collection. The 8,888 NFTs included in the Pudgy Penguins NFT collection on Ethereum are all unique in some way. Yesterday, the trading volume of Pudgy Penguins NFT rose by a whopping 530%.

The value of a Pudgy Penguins NFT collection surged during the bull run of 2021, only to face significant price variations until April 2022, when a serial entrepreneur named Luca Netz paid a stunning $2.5 million to acquire the project IP. As of May 2023, the project has advanced further and secured a massive $9 million in funding.

Good News for Collectors

The Pudgy Penguins Toy Collection, which was recently released at over 2,000 Walmart shops, is quickly becoming one of the most popular NFT collections in the crypto sphere. More than $400 million in transactions have been made since Pudgy Penguins began earlier this week. With the NFT market still in a freefall, the recent spike in Pudgy Penguin pricing might be good news for collectors of Pudgy World collections.

The Pudgy Penguins NFT collection’s extension, Lil Pudgy Penguins NFT, had its floor price rise significantly, hitting a new all-time high of $788 (0.48 ETH) earlier in the week. The NFTs in Lil Pudgy Penguins total 22,222. Lil Pudgy provides its owners the same privileges and access as their bigger versions.

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