PepeNals NFTs Skyrocket from $4 Mint to $1200 Floor, Special Edition Sells for 0.1 BTC

The PepeNals NFT collection has seen a remarkable surge in value and popularity, with prices climbing significantly in a short period. Initially minted at a cost of $4, some PepeNals have reached a floor price of $1200, with one special edition selling for 0.1 BTC. This collection, noted for its art and connection to the early Bitcoin NFT scene, has outperformed other projects, including ApeGangNFT, owned by the same entity. The rapid appreciation in value, with increases up to 100x from mint price in less than a month and a recent jump from 0.003 BTC to 0.019 BTC in a single day, highlights the speculative fervor surrounding digital collectibles. Additionally, the PepeNals project's association with significant sales achievements, such as breaking OpenSea's record for most sales of an NFT collection in a day, underscores the market's enthusiasm for these assets.