Pudgy Penguins trading volume surges 241% following Walmart deal

by ChainChirp
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Weekly buying and selling quantity for the blue-chip NFT challenge Pudgy Penguins surged following the model’s collaboration with retail big Walmart.

Pudgy Penguins introduced in $3.32 million in quantity between Sept. 24 and Oct. 1 — a 241% improve in comparison with the week prior, in response to The Block’s Knowledge Dashboard. The $3.32 million in weekly quantity is the very best that Pudgy Penguins has introduced in since July of this yr.

Walmart’s Pudgy Penguin collaboration

On Sept. 26, Walmart introduced that it will promote toys related to the Pudgy Penguin model throughout 2,000 shops. Buying one of many 26 toys provides the client entry to a digital gaming platform known as Pudgy World, through which customers can play video games and create a “Eternally Pudgy” avatar. A Pudgy toy prices as much as $12.

Pudgy Penguins is an NFT assortment of 8,888 cartoon penguins. The challenge has netted 190,563 ETH ($321.9 million) in whole buying and selling quantity and has a ground worth of 4.9 ETH ($8,270), in response to the NFT market OpenSea.

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