Pudgy Penguins’ market cap reaches $772.5M, surpassing BAYC’s $755M.
The upcoming “Pengu” token launch on Solana boosts market excitement.
Pudgy Penguins, a popular non-fungible token (NFT) collection, has surpassed Bored Ape Yacht Club (BAYC) to claim the second-largest market cap in the NFT space. According to CoinGecko, Pudgy Penguins’ market cap now stands at $772.5 million, edging past BAYC’s $755 million. CryptoPunks remains the largest NFT collection, boasting a market cap of $1.5 billion.
The rise in Pudgy Penguins’ value coincides with an 8.4% increase in its floor price over the last 24 hours. The floor price currently sits at 22.1 ETH, approximately $86,922. Over the past week, Pudgy Penguins’ floor price has surged by 44.9%, driving significant interest from the NFT community.
A major catalyst for this growth is the announcement of an official token airdrop. Pudgy Penguins plans to launch a new cryptocurrency, “Pengu,” on the Solana blockcha
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