Pudgy Penguins NFTs Overtake Bored Apes in Market Value

The Ethereum-based NFT collection saw its floor price surpass $100,000 following the announcement of a new token launch on Solana.

Pudgy Penguins NFTs have become the second most valuable collection by market cap, surpassing the Bored Ape Yacht Club, with a floor price exceeding $104,000.
The price surge follows the announcement of the PENGU token, set to launch on Solana, with 23.5% of its supply allocated to Pudgy Penguin NFT holders.
The collection's value has risen by 99% in the past week, with companion collections Lil’ Pudgys and Pudgy Rods also seeing significant price increases.
Pudgy Penguins has expanded its brand beyond digital collectibles, introducing physical toys sold at major retailers and amassing over $10 million in sales.
The project, revitalized after a 2022 acquisition by entrepreneur Luca Netz, continues to thrive in a challenging NFT market with plans to further integrate blockchain ecosystems.