Pudgy Penguins briefly flips Bored Ape Yacht Club for rock bottom price.
Pudgy Penguins briefly overtook Bored Ape Yacht Club’s lowest price earlier today. That’s because the sharp rise over the past few months has caught up with the decline in ape prices.
At approximately 11 AM UTC, Pudgy Penguin’s floor price was 22.2 ETH ($61,780), while Bored Apes’ floor price was only 22.1 ETH ($61,500). Data from Parsec Finance. Although this may seem insignificant and has been short-lived, it represents an important moment in the changing landscape of NFTs.
“Pudgy Penguins finally turn BAYC around.” famous Daniel Meagaard, known for Seedphrase for X. “This is a testament to a visionary leader who stays true to the spirit of web3 while actively engaging the community. I hope Yuga takes note.”
Yuga Labs has actually noticed this. “proud @pudgypenguins. I remember how the team felt today, it was surreal. I miss working with that single purpose. “Missing the Hustle,” said Yuga Labs co-founder Gordon Goner on X.”@Lucanets You earned today. Please continue. Finally, a worthy opponent.”
The floor price is the value of the cheapest NFT in the collection and represents the demand for the NFT. Since November, the bottom price of Pudgy Penguins has seen a strong rebound, rising from 5 ETH to currently around 21 ETH, an increase of 320%. This is a gradual increase compared to the previous year.
The floor price limit for Pudgy Penguins has risen sharply. Image: Parsec Finance.
At the same time, lowest prices for Bored Apes have been falling since their April 2022 peak. It has fallen from an all-time high of around 160 ETH to its current value of around 22 ETH.
Minimum prices for Bored Apes have been falling consistently for almost the past two years. Image: Parsec Finance.
While Bored Apes has faced controversies over branding, class action lawsuits and a recent incident that left attendees with vision problems, Pudgy Penguins is raising money, selling toys at Walmart and planning games.
Ape’s lowest price drop comes despite yesterday’s acquisition of Yuga Labs. It is a rival to Proof, a non-fungible token creator best known for its Moonbirds collection. The acquisition seemed to surprise and confuse Bored Ape holders. who said The move “literally makes no sense.” explanation “It’s strange. It’s really strange.”
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