Someone Just Bought Pudgy Penguins NFT For 400 Ethereum Even In Crypto Meltdown

– Advertisement –

Follow-Us-On-Google-News

Is it a bear market?

Someone recently bought Pudgy Penguins non-fungible token (NFT) with the hashtag #6873 for 400 Ethereum (ETH) worth around $630,000, which is more than half a million dollars even in the current market downturn. 

The digital artwork is part of the 8,888 Cute Chubby NFT on Pudgy Penguins collection designed by freelance artist Cole Thereum, the project’s owner. 

The recent sale marks a new milestone for the Penguin collection as it is among the highest-selling virtual artworks in the group. In addition, it recorded the largest NFT sale within 24 hours at the time of purchase. 

The PudgyPenguin #6873 NFT was bought by dreesuschrist on CoinUnited, a cryptocurrency exchange based in Hong Kong, from the seller who has held the digital artwork for almost a year. Before the sale, the NFT was purchased on CoinUnited for 225 wrapped ETH.

The Penguins’ recent sale came just a few months after Luca Netz acquired the project from its creator Cole Thereum for approximately 750 ETH.

The latest NFT sale comes when the cryptocurrency industry faces a new meltdown, with Bitcoin, the King coin retesting $21,000.

– Advertisement –

Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Source: https://thecryptobasic.com/2022/08/23/someone-just-bought-pudgy-penguins-nft-for-400-ethereum-even-in-crypto-meltdown/?utm_source=rss&utm_medium=rss&utm_campaign=someone-just-bought-pudgy-penguins-nft-for-400-ethereum-even-in-crypto-meltdown