Pudgy Penguins NFTs Record 150 ETH Sale, Floor Price Recovers to 16 ETH Amid Shift

The Pudgy Penguins NFT collection has seen significant trading activity, with notable sales and price fluctuations. A single transaction involved the sale of 42 Pudgy Penguins for approximately 636 ETH, equating to around $2,300,000, yielding a profit of $1,200,000 for the seller who initially acquired them for about 500 ETH when ETH was priced at $2100. The collection's floor price has experienced a downturn, approximately 40% from its peak a few weeks ago, amidst a market shift towards fungible token memes and non-utility Bitcoin NFT identities, with the floor now sitting at 14.5 ETH and dropping to 14.3 ETH. Despite this, a Pudgy Penguin NFT was sold for 150 ETH ($529,401.80), marking the second highest sale in the collection's history, only behind a sale for 400 ETH. This sale contributed to a quick recovery of the floor price, which increased by 10% from its local bottom to 16 ETH. Another noteworthy sale involved an 'Ice Pudgy Penguin' which was bought for 45.9 ETH ($115,000) and sold for 150 ETH ($531,000) 22 days later, resulting in a 226.61% profit gain.