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Pudgy Penguins NFT Surpasses Bored Ape Yacht Club on Ethereum
The Pudgy Penguins NFT has surpassed the Bored Ape Yacht Club on Ethereum in terms of price for the first time. This surge comes as the NFT’s native token, PENGU, is set to be released in the short term.
Price Surge and Trading Volume
The price of Pudgy Penguins on Ethereum surged to 21.49 ETH, equivalent to $83,930, surpassing the Bored Ape Yacht Club price of 19.85 ETH, also equivalent to $83,930. According to recent data, these NFTs increased by 7.1% from 19.85 ETH in the past day of trading, with trading volume almost doubling to 2,653 ETH.
Native Token Release and Allocation
The surge in Pudgy Penguins price is attributed to the upcoming release of its native token, PENGU, on the Solana blockchain. The token will have a total supply of 88,888,888,888, with 25.9% allocated to the community, 24% to another community, and 11.48% to the company, Igloo Inc.
“$PENGU will have a total supply of 88,888,888,888 and will launch on Solana,”
Market Cap and Momentum
The Pudgy Penguins NFT has gained significant momentum this year, with millions of followers and billions of viewers worldwide. The NFTs have reached a market cap of 188,569 ETH, just a few caps away from the Bored Ape Yacht Club NFT, which has a market cap of 196,101 ETH.
Tips for Investors
- Keep an eye on the upcoming release of the PENGU token and its potential impact on the Pudgy Penguins NFT price.
- Consider the growing momentum of the Pudgy Penguins NFT and its potential for future growth.
- Research the company’s plans for the Cubed Labs project and its potential for mass cryptocurrency adoption.
For more news and updates on the cryptocurrency market, visit Global Crypto News.
