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The Pudgy Penguins NFT collection has reached a significant milestone: the reserve price exceeds the $100,000 mark.

The collection reached a new all-time high of 27 ETH, which is $102,600 at press time, surpassing Bitcoin’s price of $101,000.

The project is now the second largest NFT collection behind CryptoPunks, whose floor price is 39.5 ETH ($150,000).

The Pudgy Penguins collection, consisting of 8,888 unique NFTs, experienced a massive buying spree, with its price increasing by 194% over the past month, according to data from CoinGecko.

This surge in interest coincides with the team’s announcement of the upcoming launch of its ecosystem token $PENGU, which will be released on the Solana blockchain.

Although the exact release date has not been announced, the team has confirmed that the token will launch in 2024. With less than 20 days left in the year, the launch is expected soon.

The PENGU token will have a total supply of 88,888,888,888 tokens, representing a significant cross-chain expansion for Pudgy Penguins.

While the NFT collection remains based on Ethereum, the decision to launch the token on Solana underscores the project’s commitment to leveraging multi-chain opportunities.

According to the on

Current and future team members will receive 17.8% of the offer, subject to a one-year vesting period and a three-year vesting period. Under the same vesting conditions, the company retains 11.48%.

Launched in 2021, Pudgy Penguins has established itself as a standout NFT collection and expanded its reach beyond digital assets through retail partnerships with Walmart and Target.

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