The floor price of Fat Penguin NFT rose by more than 40% in a week, surpassing BAYC to become the second largest NFT series by market value.

The Ethereum Non-Fungible Token (NFT) project "Pudgy Penguins" has surpassed the BAYC (Bored Ape Yacht Club), becoming the second-largest NFT series by market capitalization. According to data from CoinGecko, the floor price of Pudgy Penguins has risen by around 45% in the past week, reaching 22.1 ETH (worth approximately $86,848), which has increased its market capitalization to around $772 million, surpassing the BAYC's $754 million. The largest NFT series by market capitalization remains CryptoPunks (around $1.5 billion). The rise in Pudgy Penguins NFT prices has primarily benefited from the official token airdrop program announced last week. The project is expected to launch its official PENGU token on the Solana Blockchain this month, with a total supply of 88.8 billion, of which 25.9% is expected to be allocated to the Pudgy Penguins community. The Non-Fungible Token (NFT) market has declined compared to its peak in 2022, but the weekly trading volume has slightly rebounded this month. According to data from CryptoSlam, in the week from December 1 to December 8, the trading volume of Ethereum Non-Fungible Tokens (NFTs) reached $91 million, higher than the previous week's $56.6 million, which is the highest since the end of March.