The average Pengu is now selling for 6.5 ETH, breaking the collection's previous high-water mark of 6.11 ETH
After trading within the same range for over a year, Pudgy Penguins' price floor has finally broken upwards and is setting new all-time highs. In terms of 24-hour trading volume, the Ethereum-based non-fungible token (NFT) lineup has surpassed Bored Ape Yacht Club (BAYC) and other so-called "blue chip" digital collectibles - its 1,200 ETH is nearly double that of the runner-up, BAYC.
At the time of writing, the floor for Pudgy Penguins is 7.1 ETH, and the floor for Doodles NFTs is 6.9 ETH. This surge in trading activity coincides with Pudgy Penguins setting new all-time highs for ETH-denominated floor price, a popular metric. The lowest price for a "Pengu" on the NFT trading platform OpenSea was 7 ETH. According to Nansen, this is a 32 percent increase in 24 hours.