The prominent Ethereum NFT collection, Pudgy Penguins, has experienced a significant price increase, reaching a new all-time high of over $62,000. This surge in price is part of a broader crypto rally that also pushed Bitcoin above $100,000 for the first time. Other top collections like Bored Ape Yacht Club and CryptoPunks have also seen their floor prices rise. Pudgy Penguins has transformed into a successful crypto-native project under new leadership, expanding into various industries including retail and NFT gaming. NFT trading activity on the Ethereum blockchain has more than doubled in the past week, reaching over $101 million in volume. Despite these positive developments, most major collections are still far from their all-time highs and overall trading volume is lower compared to previous years. The NFT market cap is currently nearing $9 billion.



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