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.