JAN 2024, [email protected]

Data Source: Pudgy Penguins NFT Collection Dashboard

Pudgy Penguins is an NFT collection of 8,888 unique penguin avatars on the Ethereum blockchain. Will this NFT project rise in 2024?

About Pudgy Penguins

Pudgy Penguins has emerged as a distinctive collection within the NFT universe, consisting of 8,888 unique collectible penguins whose ownership is verifiably secured on the Ethereum blockchain. Each NFT in the collection is not just a digital asset but also a symbol of the community’s values — love, empathy, and compassion. Pudgy Penguins have become synonymous with a culture of positivity and good vibes, extending their influence beyond mere collectibility into a force for fostering community spirit in the digital realm.

The Pudgy Penguins collection transcends the traditional notion of digital ownership by offering its holders more than just artistic value. Holders of these NFTs gain exclusive access to a range of experiences and events, effectively bridging the gap between digital collectibles and real-world utility.

Pudgy Penguins NFT Collection

Who is behind Pudgy Penguins

The team behind Pudgy Penguins is a diverse and dynamic group of builders, thinkers, operators, and creators, all united with the singular vision of propelling Pudgy Penguins to become the fastest-growing Web3 brand globally. This collective, known affectionately as ‘The Huddle’, extends beyond the core team to include a broader community that contributes a wealth of perspectives and ideas, all collaborating to innovate and foster a mass-adoptable Web3 brand.

The journey of Pudgy Penguins has seen its share of leadership changes, with the project initially co-founded by Cole Villemain and Clayton Patterson. After facing challenges within the community, the founders were replaced following a Discord vote, leading to the sale of the project to Luca Schnetzler, also known as Netz, for 750 ETH in April 2022.

Netz’s acquisition and subsequent leadership have been pivotal, steering Pudgy Penguins through a bearish NFT market with strategic rebranding and a renewed focus on the project’s original goals, which has resulted in a remarkable performance and an increase in the collection’s value.

Pudgy Penguins NFT Collection Data

In the dynamic world of Web3, understanding non-fungible tokens NFTs can be like exploring a large, unknown sea. Data analytics is the tool that helps everyone involved — collectors, investors, and creators — find their way. It does this by looking closely at transaction records, ownership details, price movements, and how people interact with NFTs. This information helps people make smart choices, avoid risks, and spot new chances in the NFT market.

Having this kind of guide is crucial for staying on track in the ever-changing NFT landscape. It helps with making choices that keep up with the market, making sure no one is lost in the vast amount of NFT data.

• NFT Market Trend

The NFT market is a dynamic ecosystem, and data metrics serve as a barometer for its changing conditions. Key indicators such as market capitalization, trading volumes, floor prices, and active engagement across marketplaces provide a vivid picture of the sector’s health and growth potential.

Investors who tap into these market trends can anticipate the direction of the tides, manage investment risk and uncover hidden treasures of opportunity. The importance of this data is huge — it’s the foundation of smart investment plans and a defense against the ups and downs of the NFT market.

Source: Pudgy Penguins NFTs — Market Cap, Volume and Floor Price

According to the NFT data from Footprint Analytics, Pudgy Penguins has witnessed an obvious upward trend in its floor price and market cap. This NFT project stands out with its robust structure and strategic approach, thriving in an environment where many others have faltered.

• User Behavior

In the realm of NFTs, user behavior data such as total sales, total buyers and sellers, unique holders, and daily transactions provide a granular view of individual and collective actions. Metrics such as daily sales, volume, and the fluctuating numbers of holders, sellers, and buyers offer real-time insight into the pulse of the market.

Analyzing this user behavior data equips stakeholders with a deeper understanding of market sentiment and participant activity. Trends such as peak buying times, shifts in holder sentiment, and the emergence of buying or selling pressures can be identified. By leveraging this intelligence, investors and creators can refine their strategies, align them with the market demands and position themselves for success in the ever-changing NFT world.

Source: Pudgy Penguins NFTs — Daily Holders, Sellers and Buyers

According to the latest NFT data from Footprint Analytics, as of January 15, 2024, the number of Pudgy Penguins NFT holders has stabilized at approximately 4,300. The ratio of supply to holders is currently 2.05. With the floor price on the rise since Q4 2023, there’s been a noticeable uptick in user engagement and activity.

Leverage Footprint Analytics for NFT Data

Footprint Analytics offers a comprehensive suite of blockchain analytics, empowering analysts, developers, and investors to transform raw blockchain data into actionable insights. The key features include neatly structured tables for organized data presentation, a no-code platform enabling seamless NFT analytics, and the provision of in-depth data for a thorough comprehension of pertinent metrics and insights.

Our coverage includes prominent blockchains such as Ethereum, Polygon, BNB Chain, Cronos, Optimism, and Sui, as well as leading marketplaces such as OpenSea, LooksRare, and Blur, among others.

Dive into our NFT Research page to discover the depth of the data we offer. If you’re navigating uncharted territories and require data from a blockchain yet to be in our repertoire, we invite you to set sail with us. Schedule a meeting with our team to discuss adding new chains or forging custom insights for your unique NFT collection.

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