According to KookCapitalLLC, Pudgy Penguin profile pictures (PFPs) have now surpassed Bored Ape Yacht Club (BAYC) PFPs in popularity within the crypto community, signaling a shift in NFT trading trends and user sentiment (source: twitter.com/KookCapitalLLC/status/1916473287149814049). This trend may influence liquidity and floor price movement for both collections, with Pudgy Penguins gaining traction among traders and collectors. Monitoring trading volume and social sentiment around these NFT projects is recommended for anticipating potential short to mid-term price volatility.

According to @LeonidasNFT, a critical metric for evaluating whether an NFT mint was a rug pull involves analyzing what percentage of the funds have been reinvested to provide utility to token holders. If after a year, a minimal percentage of funds have been allocated to enhance holder benefits, it may indicate a potential extraction or rug pull scenario.