Pudgy Penguins surpassed the phenomenal Bored Ape Yacht on Ethereum price for the first time. This soared amid the NFT’s native token, which was set to be released shortly.
The price of Pudgy Penguins on Ethereum (ETH) rose to 21.49 ETH or equal to $83,930, surpassing the Bored Ape Yacth price of 19.85 ETH or equal to $83,930.
According to CoinGecko data on December 9, these NFTs rose 7.1% from 19.85 ETH on the last trading day. Trading volume also rose almost half of the last trading day to 2,653 ETH.
1 Day Pudgy Penguins Ether’s price chart, December 9, 2024 | Source: CoinGecko
The rise of this penguin-inspired non-fungible token (NFT) amid the native token $PENGU announced a few days ago. This token will be released this year on the Solana (SOL) blockchain.
Igloo Inc. would prepare 88 billion in token stock, with 25.9% of the supply allocated to the community. Another 24% will be allocated to another community, while the company will account for 11.48%.
“$PENGU will have a total supply of 88,888,888,888 and will launch on Solana,”
they mentioned it in X’s post on December 12th
Viral Chubby Penguins NFT
According to the post, these viral Pudgy Penguins gained momentum this year with millions of followers and billions of viewers around the world. These NFTs also reached a market cap of 188,569 ETH after the price rose, which is just a few caps away from Bored Ape Yacth NFT at 196,101 ETH.
The NFTs, featuring 8,888 unique penguin cartoons, will also set Ethereum’s price at a new all-time high of 22.9 ETH created 10 months ago on February 17.
Penguin’s company also secured $11 million to build a new project at Layer 2 to support ventures called Cubed Labs and aimed at mass adoption of cryptocurrency. This project takes a user-centric approach to building digests and deploying the testnet ahead of the next wave of consumer crypto products.