<a href="https://www.cryptoknowmics.com/news/pudgy-penguins-snowed-in-collection-sold-out-at-sothebys">Pudgy Penguins</a> NFTs are having a very successful Christmas as there is an excessive increase in the prices in just 24 hours. According to the <a href="https://www.nansen.ai/" target="_blank" rel="nofollow noopener">statistics</a> website Nansen, the Ethereum-based <a href="https://www.cryptoknowmics.com/news/italy-to-establish-crypto-art-renaissance-nft-market-report">non-fungible token (NFT)</a> array has surpassed the <a href="https://www.cryptoknowmics.com/news/bayc-founders-suggest-new-model-for-nft-creator-royalties">Bored Ape Yacht Club (BAYC)</a> and other alleged "blue chip" digital valuables in 24-hour trading activity. Its 1,200 ETH is nearly twice as much as the second-place BAYC.
<h2>Pudgy Penguins NFTs Reach Record High Prices</h2>
Pudgy Penguins, a popular measure, has reached new all-time peaks in terms of its ETH-denominated base price, which has caused a spike in trading volumes. On the NFT trading platform <a href="https://www.cryptoknowmics.com/news/opensea-announces-its-official-launch-on-bnbchain">OpenSea</a>, the least asking cost for a "Pengu" at the time of publication was 7 ETH. According to Nansen, that is a 32% increase in just 24 hours.

The Pudgy Penguins' 12-month-long redemption narrative comes to a close with the market scene. After a shift in ownership and a renewed emphasis on branding, it recovered from a pricing slump that had started in 2022.
<h2>Increment in Market Price</h2>
Additionally, the lunar mission in late December is removing all ice boats. Over the past 24 hours, the market price of the sister collection Lil Pudgys has increased by 56% (to 0.69 ETH). Furthermore, the trading activity has increased by 713% (to 464 ETH). According to Nansen statistics, owners of Pudgy Penguins are purchasing their smol counterparts at a quicker rate than owners of any other collection.

The average Pengu, according to Nansen, is currently selling for 6.5 ETH, above the collection's prior high-water record of 6.11 <a href="https://www.cryptoknowmics.com/news/tron-dao-joins-the-enterprise-ethereum-alliance">ETH</a> achieved on December 9. The last time Penguins displayed such market resilience was when its owner signed a license agreement for Pudgy Penguin toys in August. The relaunch of the collection this year is under new management since Penguin owners dismissed the <a href="https://www.cryptoknowmics.com/news/coca-cola-announces-fifa-world-cup-nfts-based-on-match-heatmaps">NFT's</a> founders in January after the prior team spent the project's funds with nothing to display for it.

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Pudgy Penguins NFTs Reach Record Highs After Holiday Tour

Pudgy Penguins NFTs have reached new all-time peaks in terms of its ETH-denominated base price, which has caused a spike in trading volumes.

Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

Pudgy Penguins NFTs Reach Record Highs After Holiday Tour

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