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🐧 Pudgy Penguins flip BAYC 🦍
While the penguins had previously flipped on floor price, a massive run-up today caused the collection to flip #bayc by total market cap, which sits at nearly a half-billion USD.
The #PudgyPenguins collection’s value surged in the last year, quadrupling in the fall of last year despite a sluggish period for the broader #NFT market.
On the flip side, BAYC, which once symbolized the innovation and extravagance of the 2021 NFT boom, has seen a decline in value since the onset of the crypto winter in May 2022.
Despite ongoing efforts, both collections fall short of CryptoPunks, the influential pioneer of the NFT space, boasting a floor price of 51 ETH.
Although these two NFT giants are on the verge of a dramatic shift in the hierarchy of NFT valuations, #CryptoPunks remains the reigning titan in the realm of digital collectibles.
