Billionaire collector Adam Weitsman purchased 117 Pudgy Penguins on October 11, 2026, to support the project's community. This acquisition brings his total holdings in the collection to 167 items, distributed across multiple wallets.
The purchase followed the decision by the company behind Pudgy Penguins to shut down its layer-2 network project, Abstract. Following the announcement of the acquisition, the floor price for the collection rose by 16.7% within 24 hours to approximately 2.74 ETH, or $6,900.
Weitsman has been active in the NFT market throughout 2026. His previous transactions include an over-the-counter deal for 48 units each of Pudgy Penguins, Lil Pudgys, and Pudgy Rods, as well as the purchase of Pudgy Penguin #6873 for 146.5 ETH in June 2026.
Beyond the Pudgy Penguins collection, Weitsman's portfolio includes over 5,000 NFTs from Yuga Labs, acquired in August 2026. He has been collecting Pudgy Penguins since December 2025 and identifies the project's community-driven nature as a primary interest.
