Over the past 24 hrs, leading Ethereum NFT series like Pudgy Penguins and CryptoPunks all increased as the world’s share of bitcoin increased and rumors of a “JPEG supply” spread.  ,
Punks increased by 8.64 %, pushing their floor prices, or the lowest priced asset on a market, as high as$ 23 120 and$ 82, respectively, while Pudgy Penguins were up as much as 11.72 %   at one point. Since then, those prices have since retraced as markets have fallen, with the pair now up 5.87 % and 4.9 %, respectively.  ,
Another significant choices, such as Lil Pudgys and Yuga Labs ‘ Bored Ape Yacht Club, have increased by at least 5 %.  ,
On the heels of President Donald Trump’s comments regarding which resources, like Bitcoin and Ethereum, would be included in a proper crypto supply, the gains were boosted by a common rise in the crypto space.  ,
In addition to Trump’s remarks, Pudgy Penguins ‘ leader, Luca Netz, commented on a post about a” strategic JPEG reserve,” expressing his commitment to working on something for our JPEGs and suggesting more details would surface soon.  ,
The remarks made by Netz add to a January post from Pudgy Penguins ‘ family business, Igloo Inc., which states that it is” dedicated to pushing the boundaries of what the administrative commercial implementation of crypto looks like,” with particular mentions of PENGU, the site’s Solana society gift Pudgy Penguins NFTs.  ,
But, more in-depth analysis of what that does mean is not yet in order. reached out for reply to a member for Igloo Inc. and Pudgy Penguins.  ,
NFTs have not been the target of significant trading activity in the last fortnight, despite the last day seeing a spike in prices and trading volumes in the last 24 hours. In the last 30 days, trading volumes for NFT collections on Ethereum and Solana have decreased by 44 % and 46 %, respectively.  ,
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