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Pudgy Penguin 2023 Report Key Data and Holder Trends

Chapter 1: Preface

In the ever-evolving NFT world, Pudgy Penguins is one of the examples of growth and innovation. The project continues to launch groundbreaking updates, whether it’s the popular “Banana Suit” series, the unique “Left Facing” series, the “Pineapple Pudgy Penguins” physical collectibles, or the Soulbound Token program, all of which highlight its commitment to maintaining market relevance and deepening community engagement.

In this report, we will explore some key metrics and interesting data points. Over the past year, Pudgy Penguins has seen more buyers than sellers, and the floor price has risen by 135.74%. The data shows a highly engaged and confident community – with 50.62% of holders retaining their assets for over a year, and a buyer growth rate of 32.28%. Additionally, Pudgy Penguins dominates the NFT emerging options market with 180 ETH TVL, indicating market confidence in its stable development.

Chapter 2: Holder Trends

Buyers Surging by 32.28%

Over the past year, there has been a 32.28% surge in buyers, reaching 14.83K, while seller growth has remained relatively calm, increasing by 9.62% to a total of 13.91K. This growth trend reflects the demand and confidence in Pudgy Penguins in the market.

This supply and demand difference is also reflected in the price growth of Pudgy Penguins. Within a year, the average price of Pudgy Penguins has increased by 135.74%, and the floor price has also risen from 3.2 ETH to 4.1 ETH.

202 NFTs Never Traded

From the holder distribution, we can see that out of the total 4,550 holders, 202 Pudgy Penguins have never been traded, accounting for approximately 2.27%.

4,539 Independent Holders

Out of the 8,888 Pudgy Penguins, there are 4,539 independent holders. Among these holders, 73.6% of addresses only own one Pudgy Penguin. The total number of holders reached its peak on May 22nd with 4,663, and the overall trend of the quantity continues to rise.

1,250 Blue-Chip Holders

We have observed a significant increase of 11.64% in the number of blue-chip holders, now approximately 1,250. These blue-chip holders account for 27.37% of the total holders and own 34.59% of the Penguins. In relation to the total number of holders, the increase in blue-chip holders indicates that Pudgy Penguins is transforming into an emerging blue-chip asset.

These trends are not isolated and are related to the dynamics of floor prices and trading data. For example, the increase in blue-chip holders will contribute to the overall structure of the holders, reducing the large price fluctuations caused by speculative trading.

Chapter 3: Data Analysis

Floor Price Rises by 47.39%

Among all blue-chip projects, Pudgy Penguins has the most significant increase in floor price, with a growth rate of 47.39%. On January 3rd, Pudgy Penguins reached its all-time high floor price of 7.2 ETH. Currently, the floor price is stable at around 4.1 ETH with only minor fluctuations.

5.96% of NFTs Participate in Market Circulation

In the past year, there have been 22.78k sales and 18.18k transfers. During this period, Pudgy Penguins maintained good liquidity in the market. February was the most active month in the trading history of Pudgy Penguins.

After six months of stability, there was a significant surge in sales on July 2nd, with a total of 146 transactions. This influx coincided with a spike in liquidity to 1.64%. This volatility is not only attributed to ordinary traders; whales also entered the market, with Machibigbrother’s trading activity being particularly prominent.

2,980 ETH in Trading Volume

February 9th, 2023, was a landmark trading day for Pudgy Penguins, with a trading volume of about 2.9k ETH. This peak was followed by high activity on February 20th and March 2nd.

#1 Ranking with NFT Options Locked Value of 180 ETH

The emerging NFT options market has shown rapid growth, with a total locked value (TVL) of over 500 ETH in just three months. It is worth noting that Pudgy Penguins occupies a dominant position, with its locked value maintained at around 180 ETH. From this perspective, this value is more than three times the average locked value of other NFT series such as Crypto Punks and Milady Maker, which is about 60 ETH.

Pudgy Penguins Account for 68.4% of Trading Volume on OpenSea

All historical trading data shows that buying and selling activities on OpenSea account for approximately 68.4% of the total. Following closely behind is Blur, accounting for 29.3% of the trading volume.

0.33 Sharpe Ratio Stands Out in the NFT Field

Pudgy Penguins has a Sharpe ratio of 0.33, highlighting its risk-adjusted return related to asset volatility. We take BTC as the standard in the investment field, with a Sharpe ratio of 0.7, and Pudgy Penguins closely follows. It can be seen that Pudgy Penguins has a unique value proposition and potential in the NFT market.

Top 5 Rankings

On August 23rd, 2022, a left-facing penguin was sold for 400 ETH ($627K USD), owned by rugenerous.eth.

After that, the co-branded collection of @MightyJaxx x @PudgyPenguins, Pineapple Pudgy Penguins, was sold for 130 ETH ($392K USD). The “Banana suit” series ranked third in the top sales, with a price of 100 ETH ($384K USD).

Chapter 4: Top Holder List

* The following is a list of some public addresses and Twitter handles that can be associated with holders. Feedback is welcome!

2 holders own more than 50+ penguins

There are 2 holders who own more than 50 penguins. The address 0x4182A4 holds the most, with 68 penguins.

Top Holder List

@pudgyray owns 25 Pudgy Penguins.

He is an active Pudgy Penguin Huddler and always interacts with the @pudgymalaysia community.

@fifilechien owns 15 Pudgy Penguins and 65 Lil pudgys.

He is a DeFi enthusiast and NFT connoisseur for @banklessDAO and @blackcatDAO. He is also a founding member of @CityDAO.

Pudgy Penguins account for 53% of his holdings. He actively interacts with the community and has built a great Igloo on oncyber.

@eonjaee owns 13 Pudgy Penguins and 18 Lil Pudgys.

He is a developer for @3SIGMA.

He is also an active huddler, with all Pudgy Penguins accounting for 91% of his total holdings.

@ColeThereum owns 11 Pudgy Penguins and 40 Lil pudgys.

He is an NFT creator and enthusiast.

@jebus911 owns 11 Pudgy Penguins.

In addition to being a whale in the NFT market, he is also a blockchain utility token trader and familiar with ponzinomics.

@thebonedaddyETH owns 10 Pudgy Penguins.

He is an entrepreneur, angel investor, and NFT collector, and speaks out on @eth_porsche.

@Hodling_hodler owns 10 Pudgy Penguins.

Pudgy Penguins account for 83% of his total collection, with an average cost of 2.23 ETH.

@KamiPengu owns 10 Pudgy Penguins.

Pudgy Penguins account for 82.84% of his total collection, including Pudgy Rods and Lil Pudgys.

He is an early penguin buyer.

@coffeeforval holds 9 Pudgy Penguins. He is a web3 developer and investor, realizing a profit of 20.94 ETH from trading Pudgy Penguins.

@Vince_Van_Dough holds 10 Pudgy Penguins and has 168.9K followers on X.

@LucaNetz, the CEO of Pudgy Penguins, holds 6 Pudgy Penguins and 25 Lil Pudgys.

He is also a holder of blue-chip projects.

50% of holders are diamond hands

It is worth noting that about 4500 Pudgy Penguins have been held for over a year, accounting for approximately 50.62%. This not only shows investors’ strong beliefs but also indicates their long-term value proposition to the community.

Partial list of diamond hands

@eikodev is the development advisor of @LianGuaintheraworld, responsible for building @feistyverse, @0xkittyworld, @darkmattertoken. He is an early minter, having minted 80 Pudgy Penguins and still holding Pudgy Penguin #7534.

@copie_eth: Holds #2731, #6789. He is a meme artist and creator of @copebirds_xyz.

@NeB_399: Purchased #8040. He is a former analyst and podcast host of @coingecko, as well as a former KPMG advisor.

@9x9x9eth purchased #2447 for 100 ETH.

@NftSLianGuaiceman purchased #7982, he is the founder of @CrazyBaboonz.

@PhdPorzingas holds #206 #8028 #5122, @funguyble holds #87 #1151

@Bowenddex holds #4201, he is the Chief Publicist of @Smrti_Lab and co-founder of @ddexio2018

@mattheo_eth holds #2578, @NaikaDr_Kei holds #886, @WangXiaogang01 holds #6103

@ICanPlug holds a total of 6 penguins, namely #7172, 5181, 2450, 1374, 6715, 3786.

Pudgy Penguin #3786 is the first one he purchased for 1.17 ETH.

@shiyuSQ: Holds #5551, 2125, 5010 with an average cost of 3.37 ETH. He is the co-founder of @cyberconnecthq, creator of @link3to, and also co-founder of @OfficialDLive

Huddlers Map

Huddle Overview

In addition to the top holders we mentioned, you can also check out @web3arthur’s 2023 Huddle Map. Pudgy Penguins holders are building the industry all over the world.

Chapter 5: Recent & Upcoming Events

New Series and New Tokens

1. “Banana Suit” Series

On July 8th, Pudgy Penguins’ “Banana Suit” series was released on @NTWRKLIVE and @sasom_official, and sold out in just 7 seconds, setting their fastest record.

2. Left Facing Series

On August 7th, Pudgy Penguins’ Left Facing series was released. The pudgy penguin owned by @KinkyBedBugs will be launched on @NTWRKLIVE for $249 USD with 150 editions. The Left Facing penguin sold out in 8 seconds.

3. Pineapple Pudgy Penguins

On August 24th, Pudgy Penguins entered the physical collectibles industry. They announced the start of pre-orders in collaboration with the Mighty Jaxx series, with only 300 pieces available for sale at $199 USD each.

These limited edition physical collectibles are aimed at traditional collectors who are less familiar with NFTs, expanding Pudgy Penguins’ presence in the traditional collecting field.

As penguin holder @JoeyMooose wrote in response to the sell-out of “Left Facing” in 8 seconds on August 9th, this is all happening for real.

4. Unique Soulbound Token Offerings

Pudgy Penguins expanded the supply of truePengu Soulbound Token (SBT) on its anniversary, dividing members into different levels based on holdings, promoting deeper participation.

The “MVP (Most Valuable Penguin) Soulbound Token” launched on July 13th replaced the title of ‘Penguin of the Week’ and shifted towards a more community-oriented recognition system. Community members can nominate peers for the MVP title, recognizing outstanding contributions, and past recipients of the “Penguin of the Week” title will receive MVP tokens as retroactive awards.

The “Pudgy Asia Soulbound Token” launched on July 4th reflects Pudgy’s commitment to its growing Asian community. Collaboration with LayerZero Labs enables the “Lil Pudgy” token to be cross-chain bridged.

These innovative initiatives solidify Pudgy Penguins’ position as a leader in the NFT field.

Penguin holder @sookhwangeth discusses how Pudgy Penguins is making history with Soulbound Tokens.

https://twitter.com/sookhwangeth/status/1694870835121754458

New Brand

1. Igloo

On August 26th, Pudgy Penguins launched their new brand, Igloo, marking a strategic move by Pudgy Penguins to expand their influence to a wider audience in the fashion market. This method of expanding the community into the fashion market reflects the various innovative possibilities that can be explored by the PFP project.

2. Pudgy Toys

On May 18th, Pudgy Penguins announced the launch of their own toy series, Pudgy Toys. This is the first mass-market product directly authorized by the community, ranking first in three different categories on Amazon, and has also been covered by NBC News, Toy Insider, and other places. In addition, these toys have won the Toy Insider’s annual summer toy award.

@cookie3_co shared their important analysis of the significance of Pudgy Penguins entering the market.

New Features

PudgySwap

On July 6th, Pudgy Penguins launched @PudgySwap, a simple over-the-counter trading solution aimed at providing the community with a seamless way to find their forever Pudgy Penguins through PudgySwap.

New Partnerships

NounsDAO collaborates with Pudgy Penguins to launch a high-end toy series

NounsDAO and Pudgy Penguins plan to collaborate in December to attract the physical collectibles market. The planned collaboration will create a unique toy series that integrates an RFID chip for blockchain-supported provenance verification, which is consistent with the theory of NounsDAO. These collectibles will offer custom packaging, immersive storytelling, and collector cards.

This collaborative project plans to produce 499 red and 499 blue penguins, each wearing Nouns glasses, and 10 boutique penguins wearing genuine gold glasses will be special “golden tickets”.

Both Pudgy Penguins and NounsDAO have stood out with their innovative IP strategies. @LucaNetz shared his mindset about WEB3 marketing.

Penguin holder @etherultrasound also discussed the recent OverLianGuaiss upgrade, also known as the License Upgrade of Pudgy Penguins IP.

No.1 brand on Instagram and GIPHY

Pudgy Penguins is now a top Web3 brand on Instagram and GIPHY. They have reached 626k followers on Instagram, making them one of the most followed Web3 brands. In addition, their GIFs and stickers on GIPHY have been viewed over 5.7 billion times.

2023 San Diego Comic Con Booth

Pudgy Penguins attended Comic Con, the largest pop culture event in the United States, attracting over 100K people from around the world, and showcased NFT IP and blockchain technology at SDCC2023.

Pudgy Penguins’ Chief Meme Officer, @ppmctweets, shared his thoughts on why Pudgy Penguins had to go to Comic Con.

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