- Last week, Ethereum-based NFT trading volume hit a 3-month high due to the Pudgy Penguins effect.
- The issuance of Pudgy Penguins' own token and airdrop was identified as the main reason for the surge in trading volume.
- Azuki and Doodles also attracted investor interest, recording trading volumes of $23 million and $17 million, respectively.
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- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Last week, the trading volume of Ethereum (ETH)-based Non-Fungible Tokens (NFTs) reached a 3-month high. The primary reason cited is the token issuance by the blue-chip NFT project, Pudgy Penguins.
According to data from The Block on the 27th (local time), Ethereum NFT trading volume surged to $186 million last week. This marks a 67% increase compared to the previous week ($111 million).
This surge in trading volume was driven by Pudgy Penguins. Pudgy Penguins generated a trading volume of $108 million over the past seven days. This is attributed to investors purchasing NFTs in anticipation of the token airdrop following the issuance of its own token, 'PENGU'.
Additionally, NFT collections like Azuki and Doodles also recorded trading volumes of $23 million and $17 million, respectively. They too hinted at token issuance, attracting investor interest.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀PiCK News
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