Pudgy Penguins NFT Volume Surges 240% Thanks to Walmart Partnership
Last week, Walmart began selling Pudgy Penguin-branded toys in 2,000 U.S. stores.
Pudgy Penguins NFT Volume Surges 240% Thanks to Walmart Partnership
Image: NFT Now
From September 24 to October 1, the trading volume for Pudgy Penguins NFTs skyrocketed by 241%, driven by the collaboration with retail giant Walmart.
Trading Volume Comparison: Pudgy Penguins vs. Top Ethereum NFT Collections
Source: The Block
Specifically, Pudgy Penguins racked up $3.32 million in trading volume during the final week of September 2023, marking a 32% increase from the previous week and the highest performance the blue-chip collection has seen since July of this year.
As previously reported by Coin68, Pudgy Penguins-branded toys officially hit the shelves of 2,000 Walmart stores on September 26. The Pudgy Toy is priced between $2.99 and $11.97, and owning one grants access to Pudgy World, where players can customize their characters and interact with others.
Pudgy Penguins is a collection of 8,888 adorable animated penguin NFTs. The project has achieved a trading volume of 190,613 ETH (approximately $321.9 million) and has a floor price of 4.96 ETH (around $8,270) on leading NFT marketplace OpenSea.
The floor price for the NFT collection has steadily increased since the news of the Walmart partnership.
Pudgy Penguins NFT Floor Price Volatility (Daily Chart)
Screenshot of NFT Floor Price taken at 09:15 AM on October 3, 2023
