Non-fungible Token Data Special: Pudgy Penguins volume accounts for over 50% of the Ethereum Non-fungible Token total, Mad Lads Floor Price exceeds 60 SOL

Author: OurNetwork

Compiled by: DeepTechFlow

Comment from the editing team:

NFT once set off a craze in 2021, but the market quickly cooled down, triggering a lot of controversy and reflection. After featuring the image of Bored Ape on the cover, ‘Rolling Stone’ even published an article bluntly stating that NFT is worthless.

However, unexpectedly, some areas of the NFT market are still active. Data shows that as of December 16th, the market value of the top 10 NFT projects has increased by $2.5 billion in the past 30 days, indicating that the market is undergoing new changes.

NFT Price Floor

Recently, the NFT market has been very active, especially with owners of Pudgy Penguins and Lil Pudgys earning about $58,000 and $6,000 respectively from the PENGU project. Currently, the valuation of the PENGU project has reached $2.7 billion. In addition, Miladys has launched an ecosystem token, while Azukis is also widely believed to be introducing a similar token reward mechanism soon.

Against the backdrop of continued active exploration and experimentation with ecosystem tokens, now is a good time to reconsider the on-chain data that many have already abandoned. Let’s take a closer look.

NFTs

Pudgy Penguins | Mad Lads | CryptoPunks

Daily | Dashboard

Expectations for the PENGU, ANIME, and Opensea token airdrops are driving the NFT total market value close to 11 billion U.S. dollars

Driven by speculation related to PENGU and ANIME tokens, the NFT market has seen significant growth. In the past 30 days, the floor price of Igloo Company’s collectibles has increased by three digits - prior to the PENGU airdrop, Pudgy Penguins’ price surged by 345%. Meanwhile, Chiru Labs’ Azukis also achieved a 170% increase. These growth figures reflect the market’s expectations for token reward mechanisms, a strategy that has proven to effectively boost user engagement in the past. Furthermore, rumors about an Opensea token airdrop have further uplifted market sentiment.

NFT Price Floor

The brand ranking of NFT Price Floor reflects the dynamic changes in the market. Among the top four brands, Igloo Co.'s market value has increased by 377% in the past 30 days, while Chiru Labs has grown by 188%. In contrast, Yuga Labs and Art Blocks have seen relatively smaller growth, but they have also been positively impacted by the market.

NFT Price Floor

In the top trades of the past 7 days, similar trends are still evident. Among the 12 top trades, 6 are Pudgy Penguins and 2 are Azukis, with transaction prices ranging from about $500,000 to $175,000. This indicates that market attention and demand for Igloo Company and Chiru Labs collectibles are rapidly increasing.

NFT Price Floor

Trading focus: The NFT market is also influenced by the trend of “meme culture”. This year, Meme NFT collections like Sproto Gremlins, Milady, and Project Aeon have performed well, while the high-end Pepe series still dominates. Against this backdrop, Nakamoto Cards has become the ultimate target for collectors. It is worth noting that more and more investors are beginning to hoard these cards. For example, in a recent transaction, a wallet purchased two Nakamoto Cards in just five days, indicating a rising demand for top-notch collectibles.

Pudgy Penguins

Maus | Website | Dashboard

After Pudgy Penguin’s floor price broke through 30 ETH, it dropped to 16 ETH due to airdrops.

After the release of the PENGU token, the floor price of Pudgy Penguin once exceeded 30 ETH, which was more than three times the floor price at the beginning of November and exceeded half of the historical highest price in February 2024. However, after today’s airdrop completion, the floor price fell to 16 ETH. At the same time, the trading volume has significantly increased, reaching a high of 8,200 ETH today. As of December 17th, the value of PENGU tokens allocated to each Pudgy is about $58,000. Despite the start of the airdrop, the number of buyers continues to grow.

Dune - @mausefalle

Compared with other Ethereum NFT collections, Pudgy Penguins has gained significant attention recently. Since early December 2024, its trading volume accounts for more than one-third of the total Ethereum NFT trading volume, which is more than twice that of other blue-chip NFT collections such as CryptoPunks and Bored Apes. On the day of the PENGU airdrop, the trading volume of Pudgy Penguins accounted for over 50% of the total Ethereum NFT volume.

Dune - @mausefalle

Based on the current floor price, two-thirds of Pudgy Penguin holders have doubled their asset value, with half of them earning more than 10 times. However, only 5% of holders have sold at the moment, while over 19% of holders are actively increasing their holdings during the floor price pullback.

Dune - @mausefalle

Trade Focus: PENGU is the official token of Pudgy Penguins, officially launched on December 17th with a total supply of 88,888,888,888 and has been listed on major centralized exchanges. Currently, over 20% of the tokens have been claimed. At current prices, each Pudgy airdrop is worth about $58,000, while each Lil Pudgy airdrop is worth about $6,000 (as of writing).

Mad Lads

h4wk | Website | Dashboard

Mad Lads market share has increased by 10%, currently accounting for about 15% of the Solana NFT market, with a floor price of 66 SOL (approximately $15,000).

In the past month, the Solana NFT market has regained attention, with Mad Lads performing particularly well. The series has grown its market share by 10%, currently accounting for 15% of the Solana NFT market. The current floor price is 66 SOL, equivalent to $15,000. Mad Lads continues to consolidate its position as a star project, reflecting the recovery of overall ecosystem activity and attention.

Flipside - @h4wk

The trading volume of Solana NFT has surged in the past month, with a daily average trading volume of 16,000 SOL, an increase of 100% compared to before. Flagship series including Mad Lads now occupy more than 20% of the market share, demonstrating renewed attention and investment enthusiasm for the Solana NFT ecosystem.

Flipside - @h4wk

The number of new buyers for Mad Lads has significantly increased, with a 20% growth in accounts making their first purchase in the past week. These new buyers now account for over 50% of the total daily buyers, indicating a continued rise in interest in this series and attracting more new users to join.

Flipside - @h4wk

Crypto Punks

Diego Cabral | Website | Dashboard

65% Loyalty: CryptoPunks holders have stayed strong for over two years in the NFT bear market

As the first iconic NFT collectible series, CryptoPunks is based on 10,000 pixelated-style characters and has pioneered the PFP (Profile Picture) movement. Despite its price decline relative to ETH since 2021, CryptoPunks is still regarded as a cultural symbol and maintains a high retention rate among collectors. Data shows that approximately 65% of owners have held their NFTs for over two years, and 59.3% of owners have never sold. This indicates that CryptoPunks owners are more inclined towards collectors or long-term investors, rather than NFT speculators who seek short-term profits through frequent trading.

Dune - @denze

Dune - @denze

The data also shows that CryptoPunks holders are relatively loyal. For example, 12 wallets hold more than 20 CryptoPunks for over 600 days, and 5 wallets hold them for over 1,000 days without any sales. This reflects holders’ confidence in price rebounds, a preference for long-term holding, and their recognition of the cultural value of CryptoPunks.

Dune - @denze

Since May 2022, the floor price of CryptoPunks has dropped from 65 ETH to 27 ETH. In contrast, the combined floor price of the top 100 NFT collections on Ethereum has dropped from 591 ETH to 61 ETH. Despite the overall decline in the NFT market, CryptoPunks has shown stronger resistance to the drop, indicating that its holders are more focused on long-term value rather than short-term speculation compared to other major collection series.

Dune - @denze

Focus on Trading: The largest transaction in the history of CryptoPunks occurred on February 12, 2022, when Punk #5822 以 8,000 ETH 售出（当时价值超过 2,300 万美元，如今价值超过 3,100 万美元）。第二大交易则发生在两年后的 2024 年 3 月，当时 Punk #7804 was sold for 4,850 ETH. While the current bull market has reignited interest in NFTs, it remains to be seen whether market demand can quickly surpass the record transaction volume of Punk #5822 (approximately 65% higher than the second-largest transaction earlier this year).