Pudgy Penguins NFT Sells For 400ETH ($600K)

A nonfungible token from the Pudgy Penguins collection has sold for an incredible 400 ETH, which translates to around $600K. The sale happened in an interestingly remarkable moment for the popular penguin project. It is the largest ETH sale ever for the Pudgy Penguins project and it signifies a major moment for the penguins.

Notably, the nonfungible token in question is #6873, which is the rarest of the 8,888 NFTs. It is the only PfP with a green background and faces the other direction compared with the rest of the nonfungible tokens. Nevertheless, this is not the first big sale of #6873. Beforehand, it sold for 225 WETH in September 2021.

Pudgy Penguins NFT Valued At 400 ETH

The new owner of this rare Penguin NFT #6873 is @KinkyBedBugs, who is a vocal enthusiast of the project. In a recent tweet, he stated:

“I put my money where my mouth is. I’m just 1000% bullish on the @pudgypenguins and @LucaNetz. That’s what it is, and that’s what it will be.”

Even though there have been several jokes about the sale of the NFT for 400 ETH on Twitter, it might be a genius move by the new owner. Moreover, in recent days, the floor price for a Pudgy Penguins NFT has surged by 83% and 69% over the last month.

What Happens Next For The Popular Penguins?

In April 2022, a member of the Pudgy community, Luca Schnetzler, brought the whole collection from the founder amid widespread controversy. Today, the project is thriving, with a massive community and a clear direction for the future.

The sale of the Pudgy Penguins for 400 ETH indicates that many serious users and believers exist in this distinct collection that has a floor price of 3.9 ETH.

In the end, there are many plans for some major additions to the Pudgy Penguins ecosystem. Long term, they are planning to introduce a children’s book, a wide range of physical plush toys, and a lot more.