Adam Weitsman buys 117 Pudgy Penguins NFTs amid Abstract uncertainty
Billionaire collector Adam Weitsman bought 117 Pudgy Penguins NFTs over the weekend to support the community during a difficult period, lifting floor prices and trading volume.
Billionaire NFT collector Adam Weitsman bought 117 Pudgy Penguins NFTs over the October 10–11 weekend. Weitsman explained that he made the purchases to support the collection and its community through a difficult period sparked by uncertainty over Abstract's planned shutdown.[1][2][3]
The buying spree coincided with a sharp rebound in trading metrics. Analytics Insight reported that the collection's floor price jumped 16.7% in 24 hours, while market commentator wyck noted a rise of about 14%. A marketplace screenshot shared by wyck showed a floor price of $6,830.43, up 13.4% in one day, with 24-hour trading volume reaching $1.7 million. In addition, BSCNews reported that weekly sales climbed 125.66% through October 10, according to data from CryptoSlam.[1][2][3]
Despite the immediate price lift, the collection remains well below historical highs. At its peak in December 2024, the lowest-priced Pudgy Penguin cost roughly $145,728, compared to an approximate floor of $6,650 following the weekend buys. According to wyck, a buyer who purchased at the peak would still be sitting on a loss of roughly $139,000, or approximately 95% on a single NFT.[2]
Key facts
- Adam Weitsman purchased 117 Pudgy Penguins NFTs over the weekend of October 10–11.
- Weitsman stated he bought the NFTs to support the community amid uncertainty surrounding Abstract's planned shutdown.
- Weekly Pudgy Penguins sales climbed 125.66% through October 10, according to CryptoSlam data.
- Reports showed the collection's 24-hour floor price increased roughly 14% to 16.7%, with a marketplace screenshot displaying a floor of $6,830.43 and 24-hour volume of $1.7 million.
- The floor price near $6,650 remains down about 95% from the December 2024 peak of around $145,728.
Sources · 3 sources
- AI
Analytics Insight@analyticsinmePost on X ·
𝗕𝗶𝗹𝗹𝗶𝗼𝗻𝗮𝗶𝗿𝗲 𝗔𝗱𝗮𝗺 𝗪𝗲𝗶𝘁𝘀𝗺𝗮𝗻 𝗕𝘂𝘆𝘀 𝟭𝟭𝟳 𝗣𝘂𝗱𝗴𝘆 𝗣𝗲𝗻𝗴𝘂𝗶𝗻𝘀 𝗡𝗙𝗧𝘀 𝗔𝗺𝗶𝗱 𝗔𝗯𝘀𝘁𝗿𝗮𝗰𝘁 𝗦𝗵𝘂𝘁𝗱𝗼𝘄𝗻 Billionaire Adam Weitsman says he bought 117 Pudgy Penguins NFTs to support the community amid uncertainty over Abstract’s planned shutdown. 📈 The collection’s floor price reportedly rose 16.7% in 24 hours, while weekly NFT sales climbed 125.66%. #PudgyPenguins #NFTs #AnalyticsInsight #AnalyticsInsightMagazine Read More 👇 https://t.co/SEltd0YLF6
Open source - W�
wyck 📴@wyckoffwebPost on X ·
A billionaire just bought 117 Pudgy Penguins NFTs to support the community. Adam Weitsman made the purchases over the weekend, and the collection's floor price is now up around 14% in 24 hours. At its peak in December 2024, the cheapest Pudgy Penguin cost around $145,728. Today, the floor price is approximately $6,650. So someone who bought a Pudgy Penguin at the peak would still be down around $139,000, even after a billionaire bought 117 of them. That's a 95% loss on a single NFT.
Open source - BS
BSCN@BSCNewsPost on X ·
Pudgy Penguins Gets a Billionaire Boost Billionaire NFT collector Adam Weitsman (@AdamWeitsman) says he bought 117 Pudgy Penguins (@pudgypenguins) solana:2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv NFTs over the October 10–11 weekend. He described the purchases as support for the collection during a difficult period. The announcement comes as Pudgy Penguins recorded a 125.66% weekly sales increase through October 10, according to CryptoSlam.
Open source