observing a major narrative shift in nfts

before: bayc as the undisputed blue chip

• floor sat at 11.3 eth for months

• ape ecosystem launching products but losing relevance

now: pudgy penguins takes the crown

• floor hits 11.48 eth, officially flipping bayc

• opensea and coinbase both change pfps to penguins

the catalyst? coordinated platform endorsement

50+ penguins swept in 30 minutes

$pengu token hits $1.5b market cap

market positioning implications are clear

old guard holders scrambling to adjust