Pudgy Penguin NFTs are known for their high value, but an investor sold five NFTs from the collection for just $175. The unusual sale sparked allegations of tax evasion and sparked a major debate in the NFT market.
The NFT market has witnessed a very surprising development. Five NFTs from the Pudgy Penguin series were sold for just $175, well below their market value, drawing a lot of attention. This sale caused a huge stir in the NFT and cryptocurrency communities, causing various speculations.
According to information shared by ApeVentureVCs founder XEER, an anonymous investor sold five NFTs from his Pudgy Penguin collection, numbered #5222, #5996, #2009, #7743, and #1550, for a total of just $175. However, each of these assets was worth around 21 ETH, which would equate to around $116,900 at the current Ethereum price. The sale of such valuable NFTs for such a low price has caused astonishment in the community.
The sale was made at a price of 35 USDC (approximately $35), which led to various speculations. Some users suggested that the investor may have mistakenly perceived this figure as 35 ETH. Others claimed that this sale may have been made for tax evasion purposes. This incident once again revealed that one should be more careful and conscious when trading digital assets.
The Big Debate in the NFT Market
The Pudgy Penguin NFT collection, which was launched in 2021, quickly became popular and became a valuable collection. However, this surprising sale had a great impact not only in the community but also in the entire market. After the sale, interest in the Pudgy Penguin collection increased, and this led to the Pudgy (PUDGY) token gaining value. The current market value of the PUDGY token is at $ 0.03286.
This development has once again highlighted the risks in the NFT market. The sale of high-value assets at low prices has surprised investors and communities. Experts state that investors should be careful when faced with such situations.
Unexpected and unusual developments can often occur in the NFT and cryptocurrency market. Such events indicate that market dynamics should be analyzed meticulously. In these high-risk markets, it is very important for investors to act carefully and consciously in order to avoid similar situations in the future.