NFT— The Pudgy Penguins collection has surpassed the market cap of the popular Bored Ape Yacht Club collection, moving up to second place in the overall rankings, helped by a 385% increase in the value of the PENGU token over the past five weeks.
Aggregation platform data NFT DappRadar show that the market capitalization of Pudgy Penguins has reached $360 million. The same figure for Bored Ape Yacht Club is $333 million.
Data DappRadar
According to TradingView, PENGU’s rise began in the last week of June, when NFT-token bounced off the support level at $0,007737. Token formed five consecutive bullish weekly candles, setting a record for the longest sustained rally since release.
Launched in December 2024, PENGU is a utility token in the Pudgy Penguins ecosystem. For community members, ENGU is the base cryptocurrency that enables community governance.
PENGU’s latest price rally suggests at least a temporary revival in the sector NFT in the cryptocurrency industry.
Regardless of this, the collection Cryptopunks maintains its leading position with a market cap of $612 million, its trading volume has increased by 24% over the past 4600 hours. Average price NFT CryptoPunk is trading at $181,480, which is significantly higher than Pudgy Penguins’ $57,52.