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Pudgy Penguins dominate weekly NFT sales, reaching $21.6M after token launch

Pudgy Penguins dominate weekly NFT sales, reaching $21.6M after token launch
The PENGU token launch propelled Pudgy Penguins to the top spot

​Amid the cryptocurrency market's rise and Bitcoin hitting a new all-time high (ATH), the non-fungible token (NFT) market also demonstrated significant growth.

According to CryptoSlam data, NFT sales increased by 34% over the past 7 days, reaching $196.2 million.

Key metrics across the market saw growth, including the number of buyers—up over 20% to 693,833—and sellers, which increased by 16% to 402,069. However, the number of transactions dipped slightly by 2% to 1,405,054.

Ethereum exhibited the strongest performance, nearly doubling its sales volume to $100.9 million. The network attracted 61,020 buyers, marking a 23.15% increase. Alongside this growth, wash trading also surged by 52.79% to $18.2 million, indicating heightened market activity.

Bitcoin’s NFT ecosystem experienced a slight decline of less than 7% but maintained its second-place position. Bitcoin network sales totaled $45.1 million, while the number of buyers rose 22% to 67,188.

Solana held third place with $16.2 million in sales. Mythos Chain and ImmutableX rounded out the top five, with sales of $11.2 million and $10.6 million, respectively.

Pudgy Penguins gains momentum with token launch

The announcement of the PENGU token launch propelled Pudgy Penguins to the top spot, achieving $21.6 million in sales—a nearly 4x increase in just one week.

CryptoPunks followed with $21.3 million in sales, a 174% increase compared to the previous period. BRC-20 NFTs took third place with $9.9 million in sales.

Guild of Guardians Heroes and Uncategorized Ordinals completed the top five with sales of $8.9 million and $8.4 million, respectively.

The most expensive NFT of the week was Uncategorized Ordinals #876, sold for $7,512,996 (76.9998 BTC).

According to a Messari report, NFT trading volume on the BNB Chain surged by 283% in Q3 2024 compared to the previous quarter. The average daily trading volume reached $600,400, while daily sales grew by 47% to 8,900.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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