The floor price of the Pudgy Penguins Ethereum NFT project has surged over 20% in the last 24 hours, surpassing $100,000. The project's popularity has increased with the announcement of an upcoming token airdrop on the Solana blockchain. The collection of 8,888 Penguin NFTs has also seen a significant rise in value, making it the second most-expensive profile picture (PFP) project. The project's ecosystem of NFTs, including Lil' Pudgys and Pudgy Rods, has also experienced substantial growth. The PENGU token, which will be launched on Solana, is expected to provide airdrops to both Pudgy Penguins NFT holders and its companion collections. Pre-market trading on Whales Market has indicated a potential fully diluted valuation of $4.5 billion for PENGU. The parent company of Pudgy Penguins, Igloo Inc., has recently raised more than $11 million for the development of its Ethereum layer-2 network, Abstract.



Other News from Today