Pudgy Penguins Soar to Top of NFT Market with $1.14M in Sales

SNEAK PEEK

  • Pudgy Penguins leads NFT sales, showcasing its rising popularity in the digital market.
  • Ethereum’s NFT sales grow 49.5%, led by top collections like Pudgy Penguins and Milady Maker.
  • Solana’s Mad Lads ranks third in daily NFT sales, highlighting its strong market position.

On Monday, NFT Pudgy Penguins ranked as the most prominent NFT project and earned more than $1.14 million. This increased its position among the top tokens in the NFT market and confirmed an increasing request for pieces created in this collection and interested investors. Based on data from CryptoSlam, the Pudgy Penguins achieved this through 62 transacted trades, 50 buyers, and 54 sellers. 

The average price of a Pudgy Penguin NFT appeared to be around $18529, raising it to almost $396.88 million. This positions Pudgy Penguins at 18th on the list of the biggest NFT collection in the world behind Cool Cats, which has a market capitalization of roughly US$3 million more. 

Milady Maker ranked second in daily NFT sales, generating US$766,284. The Ethereum-based collection recorded 62 unique buyers and 75 sellers, with an average NFT price of US$9,579. The collection’s daily performance highlights its growing prominence in the competitive NFT market as collectors seek unique digital assets.

Mad Lads occupied third place in daily overall sales, reaching $669,964. This Solana-based collection ranks as the second largest in the Solana ecosystem, behind only Solana Monkey Business. Thus, the average price of a Mad Lads NFT was US$5,982, making the total sold volume US$203.11 million. 

CryptoPunks and Bored Ape Yacht Club, which are characteristic of the Ethereum NFT domain, took the 4th and 5th positions, selling tokens for US$629,294 and US$508,946, respectively. These collections have significantly remained relevant in the NFT market, hence fueling such high-value exchanges among collectors. 

The Ethereum blockchain that connects to the Pudgy Penguins collection saw a massive boost in trading activity, with daily transactions amounting to approximately US$6. 53 million, up 49.5% of the opening rate of US$4. 23 million. This increase in sales of NFT on Ethereum shows that the market for these assets and collectibles is expanding and becoming more competitive and innovative. 

The performance of these collections also indicates the constantly evolving nature of the NFT market, with new trends and actors consistently emerging. Since more and more individuals involve in NFTs as investors and collectors, the opportunities in the field of digital assets grow and develop.