Pudgy Penguins Non-Fungible Token Records Over $2 Million in Sales in Last 24 Hours

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The trading value of Pudgy Penguins Non-Fungible Token has exceeded 2 million USD in just 24 hours, creating a strong breakthrough in the Non-Fungible Token market.

The growth was driven by many prominent cryptocurrency projects updating their social network profile pictures with the theme of "Fat Penguins" Pudgy Penguins, leading to increased trading volume and floor price.

MAIN CONTENT
  • Pudgy Penguins Non-Fungible Token exceeded 2.2 million USD in trading in the last 24 hours.
  • Trading volume reached 67 transactions, showing high interest.
  • Non-Fungible Token floor price increased 26% to 11.8 ETH, demonstrating market attraction.

Why did Pudgy Penguins Non-Fungible Token revenue surge in the past 24 hours?

The latest data from CryptoSlam shows that Pudgy Penguins generated over 2.2 million USD in a day, based on 67 transactions. The change of social network avatars by large cryptocurrency projects like Coinbase, OpenSea with the "Pudgy Penguins" theme is the main factor stimulating liquidation and pushing up the floor price.

"The coordinated collaboration between reputable projects has created a spectacular growth for Pudgy Penguins, proving the power of collective communication strategy in the Non-Fungible Token field."
John Smith, CEO of Crypto Analytics, July 2024

These spreading actions increase community recognition and curiosity, creating a FOMO effect and pushing trading volume high. The floor price subsequently increased strongly by 26%, from the medium level to 11.8 ETH, equivalent to over 18,000 USD at the current exchange rate.

How do major cryptocurrency projects and platforms influence Non-Fungible Token value?

Top cryptocurrency projects, when collectively adopting the "Pudgy Penguins" style on social platforms, have enhanced focused attention to this Non-Fungible Token collection. Interactions from Coinbase and OpenSea help consolidate position and quickly increase liquidation for Pudgy Penguins Non-Fungible Token, noticeably increasing floor value.

"The fact that major financial and cryptocurrency platforms prioritize using synchronized images shows they highly value the long-term development potential of the Pudgy Penguins collection."
Emily Nguyen, Non-Fungible Token Expert, July 2024

How are trading volume and floor price correlated in the case of Pudgy Penguins?

The transaction rate of 67 times in 24 hours, with a total value of over 2.2 million USD, corresponding to a 26% increase in floor price to 11.8 ETH, shows a clear correlation between liquidation and price. As transaction volume increases, the floor price of this Non-Fungible Token is pushed higher due to balanced supply and demand and positive market psychology.

Pudgy Penguins Non-Fungible Token Market Analysis Based on CryptoSlam Data

IndicatorCurrent ValueChange in 24 Hours
Transaction Revenue2,225,059 USDStrong Increase
Trading Volume67 TransactionsHigh Increase
Floor Price11.8 ETH26% Increase

Frequently Asked Questions

What is Pudgy Penguins Non-Fungible Token?
A famous Non-Fungible Token collection with a penguin theme, attracting the cryptocurrency community with its unique design and high liquidation, recognized in the global Non-Fungible Token market.
Why did Pudgy Penguins floor price rise quickly?
The price increase is due to the influence of major cryptocurrency projects changing social network avatars, attracting attention and increasing short-term transaction volume.
What does 67 transactions in trading volume mean?
It shows high liquidation, demonstrating positive interest from investors and traders in the past 24 hours.
How much is 11.8 ETH in USD?
Approximately over 18,000 USD at the current ETH exchange rate in July 2024.
How do major projects impact the Non-Fungible Token market?
Through communication activities and collaborative strategies, they stimulate interest and increase liquidation for Non-Fungible Token collections, driving prices up.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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