If You Invested $1,000 In Pudgy Penguins NFTs At Mint, Here’s How Much You’d Have Today
Pudgy Penguins is one of the most well-known NFT collections worldwide, and the floor price recently surpassed the $100,000 level as optimism builds for the launch of the $PENGU token. The takeover of the company and collection by Luca Netz in 2022 will go down as one of the biggest NFT storylines of all time.
Here’s a look back at the mint of Pudgy Penguins and how much you could have made investing $1,000 in the collection, and a look at what the future holds.
Pudgy Penguins History: 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.
Pudgy Rods, originally misspelled as Pudgy Rogs, were unveiled as what was hiding inside Pudgy Eggs, which were a free-to-claim NFT. The unveiling of the fishing rods and the misspelling upset the community and, for many, marked a turning point in the history of Pudgy Penguins.
Lil Pudgys is a collection of 22,222 NFTs, initially offered as a free claim for Pudgy Penguins holders, with the remaining NFTs made available for purchase through a mint. The collection debuted in December 2021.
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 …
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