Derived from Benzinga, Pudgy Penguins, a renowned NFT collection, has seen its floor price soar past $100,000, driven by optimism for the upcoming $PENGU token launch. Originally minted on July 22, 2021, at 0.03 Ethereum each, a $1,000 investment could have bought around 11 NFTs. Today, this investment is valued at over $1.4 million. The collection's journey includes a pivotal takeover by Luca Netz in 2022, which revitalized the brand and expanded its reach into consumer products, now available in major retailers like Walmart and Target. The anticipated $PENGU token, set to launch in 2024, is expected to further boost the brand's value. Igloo Inc, the company behind Pudgy Penguins, raised $11 million in July to enhance its blockchain initiatives. The brand continues to innovate, with potential plans for books and media adaptations.
Pudgy Penguins $1,000 Investment Now Worth $1.4M
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