Data: Pudgy Penguins NFT sales decreased by 51% in the past week, while PENGU rose by 13% in a single day

2025-01-06 09:29:24

Collection

ChainCatcher news, according to Cointelegraph, the native token of Pudgy Penguins, PENGU, rose 13% on January 5, becoming one of the best-performing tokens in the cryptocurrency market. As of the time of writing, PENGU is priced at $0.04, having increased by 250% since its launch on December 17. According to CoinGecko data, the token's initial market capitalization was $2.8 billion, which has now fallen to $2.5 billion.

Meanwhile, according to data from CryptoSlam, despite the rise in PENGU's price, Pudgy Penguins' NFT sales dropped to $5.5 million in the past week, a decrease of 52% compared to the previous week; the number of transactions fell by 51%, and the number of buyers and sellers decreased by 56% and 41%, respectively.

According to data from NFT Price Floor, Pudgy Penguins was launched in 2021 and has now become the second-largest NFT series by market capitalization, valued at $721 million, second only to CryptoPunks at $1.4 billion.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.