observing a major narrative shift in nfts
before: bayc as the undisputed blue chip
• floor sat at 11.3 eth for months
• ape ecosystem launching products but losing relevance
now: pudgy penguins takes the crown
• floor hits 11.48 eth, officially flipping bayc
• opensea and coinbase both change pfps to penguins
the catalyst? coordinated platform endorsement
50+ penguins swept in 30 minutes
$pengu token hits $1.5b market cap
market positioning implications are clear
old guard holders scrambling to adjust
Show original
46.13K
271
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.