Pudgy Penguins NFTs Experience More Than 500% Increase in Trading Activity

• The Pudgy Penguins Toy Collection was recently launched at more than 2,000 Walmart locations.
• As of May 2023, the initiative secured an impressive $9 million in investment.

Recently, there has been a significant rise in the trading volume of the Pudgy Penguins NFT collection. The collection consists of 8,888 NFTs on Ethereum, each possessing unique characteristics. Yesterday, the trading volume for Pudgy Penguins NFTs surged by an astonishing 530%.

The value of the Pudgy Penguins NFT collection experienced a notable increase during the 2021 bull market, followed by considerable price fluctuations until April 2022, when entrepreneur Luca Netz acquired the project IP for an impressive $2.5 million. As of May 2023, the project has progressed further, obtaining a substantial $9 million in funding.

Positive Developments for Collectors

The Pudgy Penguins Toy Collection, which was recently introduced at over 2,000 Walmart locations, is rapidly gaining traction as one of the leading NFT collections in the cryptocurrency market. Since the launch of Pudgy Penguins earlier this week, transactions exceeding $400 million have been recorded. Despite the ongoing downturn in the NFT market, the recent increase in Pudgy Penguin prices may be encouraging for collectors of Pudgy World collections.

The extension of the Pudgy Penguins NFT collection, known as Lil Pudgy Penguins NFT, saw its floor price rise significantly, reaching a new all-time high of $788 (0.48 ETH) earlier this week. The Lil Pudgy Penguins collection comprises 22,222 NFTs, offering owners the same benefits and access as their larger counterparts.

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