Pudgy Penguins surpassed the phenomenal Bored Ape Yacht on Ethereum price for the first time. This surged amid the NFT’s native token, which would be released in the short term.

Pudgy Penguins price on Ethereum (ETH) surged to 21.49 ETH or equal to $83.930, surpassing the Bored Ape Yacth price of 19.85 ETH or equal to $83.930.

According to CoinGecko data on Dec. 09, these NFTs increased by 7.1% from 19.85 ETH in the past day of trading. Trading volume also surged almost half of the latest trading day to 2,653 ETH.

The increase of this penguin-inspired non-fungible token (NFT) amid the native token $PENGU that was announced a few days ago. This token will be released this year on the Solana (SOL) blockchain.

The Igloo Inc. would prepare 88 billion in token supply, with 25.9% of the supply allocated to the community. Another 24% will be allocated to another community, while the company will account for 11.48%.

“$PENGU will have a total supply of 88,888,888,888 and will launch on Solana,”

they mentioned on X’s post on Dec. 06

According to the post, these viral Pudgy Penguins were gaining momentum this year with millions of followers and billions of viewers across the globe. These NFTs also reached a market cap of 188,569 ETH after the price surged, which is only a few caps away from Bored Ape Yacth NFT with 196,101 ETH.

The NFTs, with 8,888 unique penguin cartoons, price on Ethereum will also target a new all-time high of 22.9 ETH that was created 10 months ago on Feb. 17.

Penguin’s firm also secured $11 million to build a new project on Layer 2 to support ventures named Cubed Labs and targeting mass cryptocurrency adoptions. This project will take a user-first approach to building abstracts and deploying the testnet ahead of the next wave of consumer crypto products.