Pudgy Penguins Surpasses Bored Ape Yacht Club in NFT Market Dynamics

Pudgy Penguins Surpasses Bored Ape Yacht Club in NFT Market Dynamics

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In a surprising turn of events, Pudgy Penguins has managed to outpace the Bored Ape Yacht Club (BAYC) with a significant surge in its floor price. According to the latest data from Blur, the floor price of Pudgy Penguins has soared to $48,138 (13.74 ETH), marking a notable milestone in its market trajectory.

Meanwhile, BAYC lags behind with a floor price of $43,128 (12.31 ETH), creating a narrow margin of just 11% between the two prominent PFP NFT collections.

Pudgy Penguins Bored Ape Yacht Club floor price
Comparison of the floor price of Pudgy Penguins and BAYC

Pudgy Penguins’ recent surge in sales activity further solidifies its position, with transactions totaling $1,824,601 (522.21 ETH) in the past 24 hours. Although BAYC remains competitive, recording sales of $1,494,698 (427.79 ETH) within the same timeframe.

While BAYC maintains a robust market capitalization of $437.85 million (125,315 ETH), Pudgy Penguins is rapidly closing the gap with a valuation of $418.27 million (119,712 ETH), indicating a fierce competition for dominance within the NFT space.

Despite these developments, CryptoPunks continues to lead the pack with a staggering floor price of $160,797 (45.99 ETH) and an unprecedented market capitalization of $1.60 billion (459,900 ETH), underscoring its enduring influence and setting a benchmark for other Ethereum-based PFP projects.

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