Pudgy Penguins Overtake BAYC by Market Capitalization
A 44.9% weekly run pushed Pudgy Penguins past Bored Ape Yacht Club, with the floor topping 22.1 ETH on the eve of the Pengu token airdrop.
Lena Park//Dec 9, 2024//4m
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A 44.9% weekly run pushed Pudgy Penguins past Bored Ape Yacht Club, with the floor topping 22.1 ETH on the eve of the Pengu token airdrop.
After a multi-year drawdown, BAYC's floor price stabilized following a leaner Yuga Labs and a renewed push behind the Otherside metaverse.
Holder concentration has tightened steadily through the drawdown, with the BAYC collection's economic ownership now spread across the smallest distinct wallet set in its history.