Pudgy Penguins Surges 7.7%, Becomes the Second-Largest NFT: Report

In the fast-moving world, non-fungible tokens (NFTs) are gaining traction due to global acceptance and adoption. Pudgy Penguins is one of the top NFT collections that has created headlines over the last 24 hours with its remarkable price surge.

According to Chinese reporter Colin Wu, Pudgy Penguins surged by over 7% in one day, becoming the second-largest NFT after CryptoPunk. In addition, Pudgy Penguins surpassed the leading non-fungible tokens like Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC).

As per CoinGecko’s latest updates, Pudgy Penguins exhibited a notable 7.7% hike in the last 24 hours, trading at a floor price of 14.59 ETH, equivalent to $51,955. With a market cap of 129,676 ETH or $461,778,243, Pudgy Penguins has secured the second position in the NFT market.

CryptoPunk, the largest NFT by market cap, is currently trading at a floor price of 45.99 ETH ($162,140), marking a stable price for the last 7 days. The NFT’s market cap stands firm at 459,624 ETH, equivalent to $1,620,428,286, making CryptoPunk the largest NFT.

BAYC is currently valued at a floor price of 12.31 ETH ($43,825), marking a slight decrease of 0.8% over the last day. The NFT boasts a market cap of 123,045 ETH or $438,166,795. At the same time, MAYC’s floor price stands at 2.11 ETH ($7,524.43), with a negligible dip of 0.3%. MAYC’s market cap is recorded at 41,182 ETH, valued at $146,651,148.

The Chinese reporter’s X post also shed light on the noteworthy performance of Runestone, a Bitcoin-based NFT collection. Runestone has surged significantly in the last day, surpassing NodeMonkes, another Bitcoin-based NFT. According to CoinGecko, Runestone has exhibited a substantial increase of 14.8% in the last 24 hours, in contrast to NodeMonkes’ 6.1% decrease.