The Ethereum-based Pudgy Penguins NFT project has received widespread attention after claims that Stephen Curry, Golden State Warrior and the greatest shooter in NBA history, has bought one of the penguin NFTs. Pudgy Penguins reached nearly a minimum price floor of over 3 ETH as of writing.
More than $4.5 million in Pudgy Penguin NFTs’ volume was exchanged on Opensea, the secondary marketplace for NFTs on Ethereum, in the last 24 hours.
In addition, Curry’s former teammate and current Brooklyn Net Kevin Durant may also be holding a Pudgy Penguin NFT, though this rumor is unconfirmed. Both players are known for their investments into venture capital, with Durant, in particular, investing into crypto unicorns such as Coinbase, Opensea, and Dapper Labs.
Welcome @StephenCurry30 to The Huddle! Your Penguin is going to be comfy on the court with that hoodie. We will get you a real hoodie soon… 😉
— Pudgy Penguins (@Pudgy_Penguins) September 8, 2021
Curry Confirmed to Have Purchased a Pudgy Penguin
Curry is confirmed to have purchased the black hoodie and bear hat clad Pudgy Penguin NFT, as the NFT is held in the “SC30” wallet on OpenSea. This is the same wallet that holds a specific Bored Ape Yacht Club NFT that Curry purchased two weeks ago. Curry also joined the BAYC discord channel to chat with fellow NFT holders.
Curry seems to have purchased the Pudgy Penguin a few days ago on OpenSea.
The NFT was not gifted to him; OpenSea transaction data states that he paid 3.5 ETH (around $12,000) for the NFT.
Is Kevin Durant a Pudgy Penguin Holder?
How a Pudgy Penguin NFT ended up in a wallet purported to belong to Kevin Durant is a more complicated story. There used to exist a “KDTrey5” account on OpenSea which holds millions of dollars worth of NFTs. One of which is a Pudgy Penguin with a grey beanie and blue tank top. The Penguin NFT appears to have been gifted to the account by another user.
After speculation on Twitter went rampant about the owner of the account, as Durant’s Twitter username is also “KDTrey5,” the account curiously changed its name to “boredmangetspaid.” This seems to be a reference to another NBA player, Kawhi Leonard.
The case for Kevin Durant being a prolific NFT trader has some logic to it, as Durant is an early investor in NFT projects including OpenSea and Dapper Labs, which built NBA Top Shot. Indeed, Durant regularly retweets posts about NBA Top Shot. However, it is unclear at this point if Durant owns any NFTs at all, as he has never mentioned this OpenSea account on any social media.
What are Pudgy Penguins?
When many think of NFTs, they likely first look to CryptoPunks as well as newer additions to the Bored Ape Yacht Club. The next in line for profile pic NFT mania seems to be Pudgy Penguins.
Pudgy Penguins, an NFT collection based on Ethereum, consists of 8,888 generative pieces of art centering around, of course, penguins. Caps, glasses, T-shirts, scarves, mohawks, and bowl cuts are all common items of apparel on the penguins. You may also see horns like those of a demon or a fish on his head.
Pudgy Penguins’ minting event sold out in a flash, and the NFTs on OpenSea continued to climb. When respected investor and Reddit co-founder Alexis Ohanian published his Pudgy Penguin on Twitter, the frenzy for penguins began to build. This culminated with a flattering piece from the New York Times focusing on the Pudgy Penguins Discord community.