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The Pudgy Penguins collection has surpassed the iconic Bored Ape Yacht Club in market capitalization, climbing to the number two spot globally. The move is being fueled by a massive 385% rally in the ecosystem’s native PENGU token over the past five weeks.

Arthur Hayes, co-founder of BitMEX, that CryptoPunks will outperform Ethereum this cycle in US dollar terms, arguing it’s less about blockchain fundamentals and more about status signaling in the digital age.

PENGU’s latest rally has caught the interest of many crypto analysts. A 546% price surge in less than four weeks has placed PENGU among the highest gainers in the emerging altcoin season, and is a direct reflection of the Pudgy Penguins’ rise in the NFT space.

NFTs (non-fungible tokens) have greatly transformed the process of creating, consuming, and valuing art. As this new medium reshapes the traditional art world, it has also opened the doors to a diverse array of creators who previously lacked access to conventional gatekeeping institutions.

Reddit is officially dismantling its NFT infrastructure. After years of attempting to mainstream “Digital Collectibles,” the platform will shut down its , the in-app digital wallet, on January 1, 2026. The move cements the company’s pivot away from Web3 speculation, a shift that accelerated after its public listing in March 2024.

A federal court in California has ruled that Bored Ape Yacht Club (BAYC) NFTs are not securities, closing a class-action lawsuit that had challenged the legal status of one of the most well-known digital collectible projects. The decision ends years of uncertainty surrounding Yuga Labs’ compliance with U.S. securities law and marks one of the simplest judicial statements yet on non-fungible tokens’ (NFTs) regulatory classification.