Pudgy Penguins Loses NFT Crown: Can PENGU Break Above $0.00750?

Pudgy Penguins' (PENGU) reign as the top NFT collection has been challenged by StonkBrokers, whose NFT on Robinhood Chain surpassed Pudgy Penguins in market cap. This shift in dominance has sparked a surge in speculative trading and influenced sentiment for their respective memecoins.

StonkBrokers' NFT on Robinhood Chain reached a market cap of $64.50 million, narrowly surpassing Pudgy Penguins' $64.20 million. The top three positions in the NFT market remain occupied by CryptoPunks, Bored Ape Yacht Club (BAYC), and Autoglyphs.

The rise of StonkBrokers has been accompanied by a significant increase in trading volume for its memecoin, STONKBROKER. In 24 hours, the STONKBROKER price surged by over 38%, outpacing PENGU's 3.30% daily gains.

Although PENGU's market cap is 13 times larger than STONKBROKER's, its Fully Diluted Value (FDV) stands at $55 million with a circulating supply of 1.543 billion tokens and a total supply of 2.71 billion tokens.