Summary
- Pudgy Penguins has surpassed BAYC to become the second-largest in NFT market cap.
- Recent token airdrop news has contributed to the price increase of Pudgy Penguins.
- Pudgy Penguins plans to launch the 'Pengu' token on the Solana network this month.
The popular non-fungible token (NFT) project Pudgy Penguins has surpassed the Bored Ape Yacht Club (BAYC) to become the second-largest in NFT market capitalization.
According to CoinGecko data cited by The Block on the 9th (local time), Pudgy Penguins' market cap reached $772.5 million, surpassing BAYC's $755 million, making it the second-largest in overall NFT market cap. Currently, the top NFT by market cap is 'CryptoPunks' with a market cap of $1.5 billion.
Meanwhile, the floor price of Pudgy Penguins is 22.1 ETH, having risen 8.4% in the past 24 hours and 44.9% over the past week. This upward trend is related to the recent announcement of an official token airdrop. Pudgy Penguins plans to launch a token named 'Pengu' on the Solana network this month, with a total supply of 88,888,888,888 tokens. Of these, 25.9% will be allocated to the Pudgy community.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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