Apparently stocky penguin It was a really fun Christmas. While the world watched the holidays en masse, NFT trading continued as normal, with his Ethereum-based NFT Penguin surging to the top.
According to data from Nansen, Pudgy Penguins recorded a trading volume of 1,200 ETH in 24 hours, making it the top NFT collection this Christmas. As a result, she more than doubled the sales volume of the famous runner-up, Bored Ape Yacht Club, during the same period.
Congratulations to all Pudgy Penguins, Lil Pudgys, and Pudgy Rods holders! 🐧🐣🎣
(I will retweet then) pic.twitter.com/aoF3jXJI0M
— Nansen 🧭 (@nansen_ai) December 28, 2022
This surge is also reflected in Pudgy Penguins’ lowest price, which is currently a whopping 6.5 ETH ($7700) on OpenSea. Meanwhile, the value of its companion collection, the Lil Pudgys, has also increased significantly. After a slump in both collections at the start of 2022, he now ends the year on a high note.
Pudgy’s resurgence can be partially attributed to management changes that have taken place within its ecosystem. NFT’s owners not only voted out the original founders due to mismanagement, but also branched out last November with a major Sotheby’s partnership.
If Pudgy Penguins can maintain this incredible momentum, this collection could easily become a monopoly in 2023.
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*All investment/financial opinions expressed by NFT Plaza are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
Tokoni Uti has written extensively on blockchain and cryptocurrencies over the years. Her work has been featured on sites such as BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.