Pudgy Penguins transaction volume surges 599% in 7 days

The transaction volume of the NFT collection is currently 1,534 ETH. 

Cover art/illustration via CryptoSlate

NFT collection Pudgy Penguins‘s transaction volume recorded a 599% surge in the past seven days and reached 1,534 Ethereum (ETH), WuBlockchain reported.

The collection was launched in July 2021 and includes 8,888 pieces with 4,487 owning wallets, corresponding to a 50% unique owner rate. Around 44% of the NFTs have been held by wallets for more than a year — 4,892 NFTs are held by diamond holders

The project’s floor price is currently at 6,5 ETH, equating to around $7,916 at the time of writing. This level is 10.9% less than the all-time high recorded on Dec.28 at 7,3 ETH, which equates to $8,874 with the current ETH price.