🚨 $1,000 Into Pudgy Penguins Turns Into $1.4 MILLION – Here’s How It Happened! 🚨

In one of the most incredible stories in the NFT world, a $1,000 investment in Pudgy Penguins at their July 2021 mint would now be worth over $1.4 million! Pudgy Penguins, one of the most iconic NFT collections, has skyrocketed in value, driven by community resilience, strategic leadership, and upcoming catalysts like the launch of the $PENGU token.

Pudgy Penguins: A Timeline of Growth and Triumph

Humble Beginnings:

Mint Price: 0.03 ETH (~$58–$61) on July 22, 2021.Initial Cost: With gas fees, minting a Pudgy Penguin cost ~$90. A $1,000 investment would have bought 11 Pudgy Penguins.

Community Drama and Revival:

After internal conflicts and declining floor prices, entrepreneur Luca Netz acquired the collection in April 2022 for 750 ETH (~$2.5M).The floor price soared post-acquisition, signaling renewed confidence.

Expansion Into Consumer Products:

Under Netz’s leadership, Pudgy Penguins evolved into Igloo Inc., branching out into consumer goods sold in Walmart, Target, and Amazon, among others.The brand has achieved over 50 billion views on social media and dominates the Web3 space.

$PENGU Token Announcement:

With a token launch slated for 2024, holders are set to receive a portion of the $PENGU token, further boosting the floor price and excitement around the collection.

Investment Breakdown: From $1,000 to $1.4M

Here’s how much that $1,000 investment would be worth today, including the free NFTs earned:

11 Pudgy Penguins: Floor price of 27.4 ETH each = $1,174,622.1311 Lil Pudgys: Floor price of 3.477 ETH each = $149,754.9911 Pudgy Rods: Floor price of 1.7949 ETH each = $76,946.32

Total Value: $1,401,323.44

For comparison:

A $1,000 investment in Ethereum (ETH) on the same date would now be worth ~$1,908.A $1,000 investment in the S&P 500 would now be worth ~$1,390.

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