The native token of Pudgy Penguins slipped on Friday, despite the new title ranking of the project to the best downloads in Apple.
The Pengu (Pengu) Token fell by almost 4%on Friday, after the launch of Pudgy Party, a Battle Royale game released on Android and iOS, regardless of the game recording of more than 50,000 downloads in the Google Play Store and Landing in the top 10 most downloaded games in Apple’s Appore.
Pudgy Penguins is a popular non-guilty token (NFT) project in the crypto room. The project is a supplement to its Onchain digital presence with trade cards, plush toys with penguin theme, video games and other physical merchandise.
According to Coinmarketcap, token has fallen by more than 20%over the past 30 days.
The Retrace prize comes in the midst of a wider decline in the NFT market, which saw other Blue-Chip NFT projects, such as Borded APE Yacht Club (Bayc) and Doodles losing double digits in August.
Pengu -token will fall by more than 20%in August. Source: Mint market cap
Despite price fluctuations, Pudgy Penguins remains a cultural phenomenon within the crypto community and shows the massive attraction for non-crypto users through the focus of the project on physical merchandise, which attracts both adults and children to the franchise.
Related: NFT -Market capitalization is falling by $ 1.2 billion while Ether Rally loses steam
NFT -Markets suffer if Ethereum recalls recent profit
The Ethereum network organizes the most NFT trade activity of each blockchain ecosystem, and after the recent fall in Ether (ETH) of a recent high of around $ 4,957, the NFT market became a hit.
Cryptopunks, a Blue-Chip NFT collection of pixel-related characters that are often used as profile photos (PFPs) by crypto industry executives and investors, showed more resilience, according to NFTpricefloor with almost 3% with almost 3%.
NFT projects will be a hit in August. Source: Nftpricefloor
In the meantime, Bayc registered losses of more than 11% in August and Pudgy Penguins was registered with more than 20% in US dollars.
The NFT market capitalization hit $ 9.3 billion at the beginning of August during the historic bull rally from Ethereum to new all time. However, the NFT market capitalization has since fallen to just $ 7.4 billion at the time of this writing and continues to correlate with ETH prices.
Magazine: Give Token’s $ 69 million milestone, Pudgy Penguins go to LOL Land: Web3 Gamer