Adam Weitsman Buys 117 Pudgy Penguins NFTs to Support the Community

American billionaire and NFT collector Adam Weitsman announced the purchase of 117 NFTs from the Pudgy Penguins collection over the weekend of October 10–11, 2023. He noted that the transaction was intended to support collectors and restore confidence in the community during difficult times. Weitsman, who previously reported his purchases on X, indicated that the 117 digital collectibles were acquired through blockchain transactions as part of his ongoing support for established NFT projects. He described Pudgy Penguins as one of his favorite collections and expressed confidence in its community despite recent challenges.

According to CryptoSlam data published before October 10, Pudgy Penguins recorded sales of approximately $1.50 million for the week, a 125.66% increase over the previous week. During the reporting period, there were 196 transactions with 94 unique buyer addresses. In his statement, Weitsman expressed a desire to support his favorite collection during difficult times, saying, "I wanted to support one of my favorite collections in tough times." He added that his goal is to "spread confidence" among the project's supporters.

The purchase occurred during a general increase in trading activity in the Pudgy Penguins collection. Weitsman did not disclose the total cost of acquiring the 117 NFTs, nor did he specify whether the purchases were made on one or multiple trading platforms. His words also do not contain information about the target resale level or additional investment activity. Pudgy Penguins continues to expand beyond NFT trading, venturing into physical goods and entertainment. The company has introduced products such as toys, collectible figures, and card games related to its characters. In June 2026, Pudgy Penguins launched its products in Target stores across the United States. The company's further plans include increasing the availability of physical products and launching new collectible releases.