Luca Schnitzler, CEO Chunky penguin The NFT Project announced this extraordinary milestone, expressing surprise at the unexpected role played by the fat flightless bird in the “consumer crypto revolution.”
Unexpected success in consumer cryptocurrency space
The brand had a tumultuous start, but Schnetzler turned things around when it acquired the brand for $2.5 million in 2022, despite accusations of pulling its former founder. Humpty Penguin’s success story transcends the digital realm. Recently, these plush toys have gained more attention with the release of American retail giant Target. Additionally, Walmart’s inclusion of a plush toy version further strengthens the brand’s position in the market.
The market cap of Pudgy Penguins NFTs reflects their rapid popularity. With a base price of approximately $37,580, these digital assets have become coveted properties. Recent transactions, such as the sale of Penguin #6873 for a staggering $1.17 million, highlight the enthusiasm surrounding the collection.
The final sales volume is the highest. Source: OpenSea
Pudgy Penguins sales activity experienced rapid growth in mid-February, peaking at 439 transactions per day with an average price of 20 ETH. Although sales have dropped slightly since then, hovering around 269 units per day as of May 6, the project’s momentum remains strong.
In the prosperous scene of NFT, the squat penguin has occupied a prominent position. According to CryptoSlam, the series ranked twelfth in secondary sales over the past week with $2.2 million in transactions, cementing its position among industry giants. While Bitcoin serial numbers dominate the sales charts and cryptopunks become the most popular collectibles, Chunky Penguins prove the enduring appeal of digital art and collectibles.
final thoughts
Chunky Penguin is on the road to success and has a bright future. Its expansion into the retail market and the unwavering support of its collector community have positioned it as a leader in digital art and consumer products.
