Lil Pudgys NFT Floor Price Skyrockets 89% to 3.75 ETH Over 7 Days

Lil Pudgys NFTs have skyrocketed 89% in floor price to 3.75 ETH within seven days, driven by surging demand. Weekly transaction volume hit 6,333 ETH, reflecting a 67% increase and heightened market activity.

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Pardon Joshua
Pardon Joshua
Pardon Joshua is a seasoned crypto journalist with three years of experience in the rapidly evolving blockchain and digital currency space. His insightful articles have graced the pages of reputable publications such as CoinGape, BitcoinSensus, and CoinGram.us, establishing him as a trusted voice in the industry. Pardon's work combines in-depth technical analysis with a keen understanding of market trends, offering readers valuable insights into the complex world of cryptocurrencies.

The floor price of the Lil Pudgys NFT sub-series, which is part of the broader Pudgy Penguins NFT collection, has seen a truly remarkable surge over the past 7 days. 

According to data from the leading NFT marketplace OpenSea, the floor price for Lil Pudgys has increased by a staggering 89%, rising from around 2 ETH to a new high of 3.75 ETH. 

This rapid appreciation in value underscores the growing demand and enthusiasm among NFT collectors and investors for this unique penguin-themed digital asset.

Record-Breaking Floor Price

The Lil Pudgys NFT floor price has consistently exceeded the 3 ETH mark in recent days, with the current price touching a new all-time high of 3.75 ETH. 

SOURCE: OpenSea

This represents a significant milestone for the sub-series, as it demonstrates the strong conviction and willingness of NFT buyers to acquire these sought-after digital collectibles at increasingly higher prices. 

The record-breaking floor price is a testament to the perceived long-term value and potential of the Lil Pudgys NFTs within the evolving NFT landscape.

Also Read: Pump.fun Revenue Drops By 66% After It Disables Livestream Feature Amid Controversy

Significant Increase in Trading Volume

In addition to the skyrocketing floor price, the Lil Pudgys NFT sub-series has also experienced a substantial surge in trading volume over the past 7 days. 

The OpenSea data shows that the total transaction volume for this collection reached an impressive 6,333 ETH, reflecting a 67% increase compared to the previous week. 

This spike in trading activity underscores the heightened investor interest and liquidity surrounding the Lil Pudgys NFTs, as buyers and sellers actively engage in the marketplace.

Pudgy Penguins’ Rising Prominence

The latest developments with the Lil Pudgys NFTs come on the heels of a significant milestone for the broader Pudgy Penguins collection. 

Earlier this year, Pudgy Penguins surpassed the renowned Bored Ape Yacht Club (BAYC) to become the second-largest NFT collection by market capitalization

This achievement highlights the growing prominence and recognition of the Pudgy Penguins brand within the broader NFT ecosystem, further bolstering the appeal and desirability of its sub-collections, such as the Lil Pudgys.

Future Developments and Roadmap

The surge in Lil Pudgys’ floor price and trading volume, coupled with Pudgy Penguins’ overall market positioning, suggests a promising future for the collection and the wider Pudgy Penguins ecosystem. 

With the upcoming launch of the Pengu token later this year, the Pudgy Penguins community is poised to further expand its reach and influence within the rapidly evolving NFT landscape. 

The integration of a native cryptocurrency and the potential utility it may offer could unlock new avenues for growth and engagement, further solidifying the Lil Pudgys’ position as a highly sought-after and valuable digital asset.

Also Read: Pump.fun Faces Backlash Over Livestream Of User Threatening To Hang Self

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