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Are Pudgy Penguins pushing back?

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The NFT market has turned upward despite crypto price weakness, with Bitcoin falling 3% to $94,000 and Ethereum dropping sharply by 9% to $3,200.

Even though the broader crypto market cap has contracted to $3.3 trillion from last week’s $3.5 trillion market cap, the NFT market has turned positive.

According to CryptoSlam data, NFT sales volume has climbed 10.70% to $155.4 million this week. The rise in total sales comes alongside a notable drop in market participants, suggesting larger trades from fewer buyers.

The weekly metrics are as below:

  • NFT sales volume rose to $155.4 million from $132.7 million last week
  • NFT buyers fell 81.79% to 122,806
  • NFT sellers dropped 73.24% to 104,090
  • Transactions inched up 0.16% to 1,483,044

Blockchain networks show mixed results

Ethereum (ETH) NFT sales grew 13.09% to $61.9 million, though buyer numbers fell 65.62% to 24,836. Wash trading on the network increased 76.73% to $25.1 million.

Bitcoin (BTC) NFTs saw modest growth, with sales up 1.97% to $30.8 million. The network’s buyer count dropped 87.15% to 8,665.

NFT sales spike to $155m, Pudgy Penguins push back with an 82% surge - 1
Source: Blockchains by NFT Sales Volume (CryptoSlam)

Solana (SOL) moved up with $20.1 million in sales, rising 9.96%. Mythos Chain held fourth place with $12.4 million, up 4.39%. Base entered the top five with $8.4 million, jumping 211.18% in sales.

Pudy Penguins bounce back

Pudgy Penguins enjoyed $9.2 million in sales, up 82.32%. The recovery brought more activity, with transactions up 50.70% and buyers increasing 67.39%.

BRC-20 NFTs took second place with $8.2 million, growing 40.78%. DMarket kept steady in third with $7.2 million, up 8.06%, and maintaining high volume with 282,071 transactions.

NFT sales spike to $155m, Pudgy Penguins push back with an 82% surge - 2
NFT collection rankings: Data from CryptoSlam

Guild of Guardians Heroes fell 11.17% to $5.1 million, while Azuki dropped to fifth place with $4.0 million, down 56.58%.

Top sales this week included:

  • SuperRare #37380: $474,710 (474,710 USDC)
  • CryptoPunks #4757: $453,894 (125 ETH)
  • SuperRare #37380: $396,000 (108.7469 WETH)
  • CryptoPunks #3698: $277,876 (82 ETH)
  • Abstract Being: $222,680 (2.3681 BTC)

The NFT market has found some stability with rising sales volume, even as participation stays limited. Read the last week’s NFT activity here.



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funding

$190m raised, OG Labs secures capital

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The second week of 2025 began with the $32.70 million sale of FTX EU to Backpack. Total known investments came in at roughly $189.96 million across various blockchain sectors.

The activity shows steady capital flow in the early days of the new year. The second week’s funding numbers are almost $100 million more than that of the first week’s $88 million.

The week’s activity centered on centralized exchanges, AI integration, and infrastructure development, with projects at different stages drawing capital. Let’s look at the key events per Crypto Fundraising data.

VOOX, $50 million

  • Raised $50 million in an unknown round
  • The investment was backed by Pinnacle Venture
  • VOOX is building an AI-powered trading platform

FTX EU, $32.7 million

  • FTX EU bagged an M&A deal worth $32.7 million
  • The project was acquired by Backpack
  • FTX EU is the European arm of the crypto exchange

OG Labs, $32.24 million

  • Raised $32.24 million through public sale
  • Combining AI with L1 infrastructure
  • OG Labs is developing blockchain infrastructure tools
  • The project has raised over $107.24 million so far

Eventflo, $20 million

  • Eventflo secured $20 million in an unknown round
  • The project is backed by Rothman Management
  • Eventflo is working on payment solutions, marketing and event operations

SoSoValue, $15 million

  • Raised $15 million in Series A with $200 million FDV
  • SoSoValue is backed by HongShan, Mirana and SafePal
  • The project is building an analytics platform and has raised $19.15 million so far.

https://twitter.com/SoSoValueCrypto/status/1876997896803078208

Notable crypto VC funding rounds under $10 million

  • Nakamoto Games raised $10 million for P2E gaming on Polygon (MATIC)
  • Alpen Labs secured $8.5 million in strategic funding
  • Privasea raised $5.25 million Series A with $180 million FDV
  • Superseed gathered $4.47 million through public sale
  • ZKcandy secured $4 million in seed funding
  • Rena Labs raised $3.3 million in pre-seed funding
  • Starpower secured $2.5 million in an unknown round
  • Ooga Booga raised $1.5 million in strategic funding
  • BAD Coin gathered $1.25 million through public sale with $12.50 million FDV
  • Enclave and Aligned Layer each raised $1 million
  • Yiedl secured $735,000 in an unknown round
  • Xterio raised $300,000 through public sale with $0.04 FDV
  • Primex Finance gathered $50,000 through public sale
  • Wise Monkey funding amount TBD





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Digital Asset Treasury

New Hampshire Lawmaker Introduces Bill That Would Enable the State To Form a Digital Asset Treasury

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A New Hampshire lawmaker introduced legislation this week designed to allow the state’s treasury to invest in digital assets and precious metals.

If House Bill 302 is passed, the New Hampshire state treasurer could use a portion of public funds to purchase precious metals, any digital asset with a market capitalization of over $500 billion, and/or stablecoins.

The bill stipulates that the treasurer would not be able to invest more than 10% of the total amount of public funds in any of those three categories.

Crypto bought by New Hampshire would need to be held directly through a secure custody solution, on behalf of the state via a qualified custodian, or in the form of an exchange-traded fund (ETF). The state treasurer would also be able to lend and stake the purchased crypto through third-party solutions.

Republican State Representative Keith Ammon introduced the potential legislation. He promises the bill will receive proper consideration in the state house.

“100% chance it will have a hearing, work session, and vote on the House floor. Every bill in NH gets the complete treatment.”

A member of the Texas House of Representatives proposed similar legislation in December, though that bill focused specifically on establishing a strategic Bitcoin (BTC) reserve.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Assets

Billionaires Pour ~$1,777,000,000 Into Three Assets in Major Portfolio Overhaul: Report

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Several billionaire money managers have modified their portfolios and poured about $1.8 billion into new assets, according to a new report.

Billionaires Philippe Laffont, Stanley Druckenmiller, Chase Coleman, Stephen Mandel and Larry Robbins are accumulating AI-centered equities, reports The Motley Fool.

The investors have specifically targeted US semiconductor and software giant Broadcom (AVGO), purchasing a total of 1,728,646 shares valued at about $1.47 billion in the third quarter of last year.

The firm’s AI revenue has surged in recent months, powering a 125% rise in the stock over the last year.

The wealthy investors have also purchased roughly 1,749,613 shares of Amazon, worth about $245 million, as the company’s cloud platform Amazon Web Services (AWS) implements generative AI solutions for customers.

Lastly, the billionaires have bought 621,445 shares of Taiwan Semiconductor Manufacturing (TSM), worth about $62 million, betting on the world’s largest chip manufacturer.

The billionaires’ new plays in artificial intelligence come as analysts at PwC forecast the total addressable market for AI will hit $15.7 trillion by 2030, as the groundbreaking technology transforms business and manufacturing worldwide.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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