The floor price of NFTs from the Pudgy Penguins collection has surpassed $135,000 for the first time, reaching 34.80 ETH, making it the second most valuable PFP project after CryptoPunks. Over the past 24 hours, the price of a single NFT has increased by more than 15%, with three significant sales setting new records as some of the largest NFT transactions of the year.
Reasons for the Price Surge
The sharp rise began on December 6 following the announcement of the PENGU token launch. Since then, interest in the collection has skyrocketed, driving the project's metrics upward. Pudgy Penguins have already overtaken Bored Ape Yacht Club in market capitalization, securing the second spot behind CryptoPunks.
The PENGU token will be launched on the Solana blockchain with a total supply of 88.88 billion tokens. In addition to Solana, there are plans for multi-chain distribution, including Ethereum and Abstract networks.
Token allocation:
- 25.9% — Pudgy Penguins community
- 24.13% — Other communities
- 12.35% — Liquidity provisioning
- 17.8% — Team
- 4% — Public sales
- Remaining — Partners and special projects
HODLer Airdrops on Binance
A significant development for Pudgy Penguins holders was Binance's announcement of including PENGU in its HODLer Airdrops program.
From December 9 to 12, users who stake their BNB in Simple Earn products will receive PENGU tokens, distributed an hour before trading begins. Binance will launch PENGU trading on December 17 with pairs including USDT, BNB, FDUSD, and TRY.
HODLer Airdrops allow BNB holders to automatically earn tokens without active participation, offering an easy way to generate additional returns on their BNB balance.
Meanwhile, users are increasingly exploring ways to acquire PENGU tokens. One crypto enthusiast suggested the following plan:
- Order 1,000 Pudgy Penguins toys from Amazon at approximately $20 each.
- Receive the PENGU airdrop and return the items.
According to the user, this scheme could yield a profit exceeding $50,000, resulting in a net gain of $30,000. However, others have labeled the idea "costly" and cautioned about the return timelines, which might make the strategy unfeasible.
Key Pudgy Penguins Sales
Amid the growing interest in the ecosystem, investors are actively acquiring the collection. Over the past 24 hours, three NFTs from the collection were sold at impressive prices:
- Pudgy Penguins #4611 — 125 ETH ($487,000)
- Pudgy Penguins #8441 — 100.5 ETH ($391,000)
- Pudgy Penguins #7891 — 100 ETH ($389,000)
These transactions rank among the largest in 2024.
Related: Top 5 Most Profitable NFT Trades of 2024
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.