It seems the Pudgy Penguins had a very merry Christmas indeed. Even though the world was collectively observing the holidays, NFT trading continued as usual and the Ethereum-based NFT penguins came out on top.
Penguin Domination
According to data from Nansen, Pudgy Penguins saw 1,200 ETH in trading volume in a 24-hour period, making it the top NFT collection this Christmas. As a result, recording more than twice the sales volume of its closest runner-up, the famous Bored Ape Yacht Club, during the same timeframe.
The Pudgy resurgence can be partially credited to the management changes that have taken place within its ecosystem. Not only did NFT holders vote the original founders out due to mismanagement, but it has also branched out with a major Sotheby’s partnership last November.
If Pudgy Penguins can keep up this incredible momentum, the collection could easily dominate in 2023.
Source NFT Plazas
