Leading Ethereum NFT collections such as Pudgy Penguins and Cryptopunks all climbed over the past 24 hours as the wider cryptomarkt came up and circulated as rumors over a “JPEG Reserve”.
At one point, Pudgy Penguins rose no less than 11.72%, while Punks won 8.64%, causing their floor prices, or the lowest priced active to be active on a marketplace, $ 23,120 and $ 82,211 respectively. Those prices have since been withdrawn because markets have withdrawn with the couple respectively 5.87% and 4.9%.
Other remarkable collections such as the bored monkey club of Yuga Labs and Lil Pudgys have also risen at least 5%.
The profits were stimulated by a widespread crypto rebound on the back of comments from President Donald Trump about which assets, such as Bitcoin and Ethereum, would be included in a Strategic crypto -reserve.
In addition to Trump’s comments, Pudgy Penguins -leader Luca Netz led to speculation and optimism in the world of the NFTs when he commented on a message about a “strategic JPEG reserve”, who told followers: “I worked on something for our JPEGs,” while suggesting that more information would come.
I worked for our JPEGs.
🔜 https://t.co/hxmwjonbcr
– Luca Netz 🐧✳️ (@lucanetz) 2 March 2025
The comments from Netz contribute to a January message from the parent company of Pudgy Penguins, Igloo Inc., in which it says “dedicated to push the boundaries of what the institutional and commercial acceptance of crypto looks like”, with specific entries of Pengu – the Solana Culture Token project And Pudgy Penguins NFTS.
However, a more detailed breakdown of what that could mean still has to come. Decrypt A representative reached Igloo Inc. And Pudgy Penguins for comment.
While the last day in the last 24 hours saw a prizes in prizes and trade volumes, NFTs were not the focus of large trading activities last month. According to Data from CryptoslamTrade volumes for NFT collections on Ethereum and Solana have fallen by 44% and 46% respectively in the past 30 days.