Bored Apes Just Got Dethroned
TL;DR
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Pudgy Penguins have gone from 4 ETH ($6.6k on the time), to 21.5 ETH ($60.6k at this time) up to now 6 months, briefly flipping BAYC in value this weekend.
Full Story
You already know that trope in movies?
The one the place the nerd exhibits as much as their highschool reunion, having hastily develop into profitable/enticing — and all their classmates kick themselves for not paying extra consideration to them?
Yeah, properly that is kinda like that.
On this case, we’re the ignorant classmates and the ugly-duckling-turned-hot-and-successful-giga-Chad is the Pudgy Penguins NFT assortment.
ICYMI: Pudgy Penguins launched amidst the NFT mania of 2021, and did OK whereas markets had been up, however shed most of its worth as every thing began to weaken.
And for no matter motive — within the depths of the bear market — some child known as Luca Netz made a suggestion to the creators of Pudgy Penguins to purchase the gathering’s rights for $2.5M.
His plan? Develop the model by making a collection of plush toys primarily based on the Pudgy characters.
“Okay, nobody’s gonna care about that”
— us, once we first heard this plan.
And at this time, we stand earlier than you confirmed abso-lutely flawed.
As a result of Luca promptly went on to:
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Make mentioned plush toys
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Get folks enthusiastic about them
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Win retail placements in Walmarts throughout America
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Develop the Pudgy model constantly all through the bear market
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Flip Bored Ape Yacht Membership in value
That final level isn’t a typo ☝️
As of this weekend, Pudgy Penguins, briefly grew to become more valuable than BAYC.
Going from 4 ETH ($6.6k on the time), to 21.5 ETH ($60.6k at this time) up to now 6 months.
Bravo, Luca, bravo.
