Pudgy Penguins briefly surpass Bored Ape Yacht Club in floor price
Pudgy Penguins experienced a significant moment in the world of NFTs today when their floor price briefly surpassed that of Bored Ape Yacht Club (BAYC). At one point, the floor price for a Pudgy Penguin reached 22.2 ETH ($61,780), while Bored Apes had a floor price of just 22.1 ETH ($61,500). This momentary shift highlights the changing landscape of NFTs.
The rise and fall of floor prices
Over the past few months, Pudgy Penguins have seen a rapid rise in value, with their floor price growing from 5 ETH to around 21 ETH—an increase of 320%. On the other hand, Bored Apes have experienced a decline in floor price since their peak in April 2022. Their floor price has fallen from approximately 160 ETH to around 22 ETH.
Controversies and acquisitions
While Bored Apes have faced various controversies and issues, including branding concerns, a class action lawsuit, and an event that caused vision problems for attendees, Pudgy Penguins have been actively raising funds and expanding their presence. They have even sold toys in Walmart and are planning to release a game.
The recent acquisition of rival NFT creator Proof by Yuga Labs—best known for its Moonbirds collection—has left Bored Ape holders confused and surprised. Many questioned the reasoning behind the acquisition and described it as “odd.”
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