If You Invested In Pudgy Penguins Token (PENGU) At 2025 Lows, Here’s How Much You’d Have Now
NFT collection Pudgy Penguins celebrated its four-year anniversary recently. The NFT collection continues to be one of the biggest turnaround storylines in the NFT sector of all time.
With a cryptocurrency launched by the company, here’s a look at how much investors could have made predicting the bottom before a recent huge surge in price action.
What Happened: Pudgy Penguins is a collection of 8,888 NFTs offering “good vibes” and “positivity for everyone.” The collection was minted on July 22, 2021, at a price of 0.03 Ethereum (CRYPTO: ETH) each.
The collection sold out quickly and saw the floor price rise and draw attention from the New York Times and other outlets as one of the faces of the rapid rise of NFT popularity in 2021.
Two subsequent collections also launched with free claims for holders with Pudgy Rods, originally misspelled as Pudgy Rogs, and Lil Pudgys later launching.
The discontent within the community caused a decline in the Pudgy Penguins floor price. Frustrated by the project’s lackluster direction, the community voted to remove the founders from control.
In April 2022, entrepreneur Luca Netz bought Pudgy Penguins assets, the brand, company and more for 750 Ethereum, or around $2.5 million at the time.
The floor price jumped from a range of 0.7 Ethereum to 1.4 Ethereum to 2.5 …
About The Author
