Billionaire Adam Weitsman Buys 117 Pudgy Penguins NFTs

American billionaire and NFT collector Adam Weitsman announced the purchase of 117 Pudgy Penguins NFTs over the October 10–11 weekend, according to CryptoNews. Weitsman stated that the acquisition was intended to support the collection and restore confidence among its community during a challenging period.

According to Weitsman, who shared the news on X, the 117 digital collectibles were acquired through blockchain transactions. He described Pudgy Penguins as one of his favorite collections and expressed confidence in its existing community, telling supporters that the community would remain strong.

Sales Volume Increase

The announcement coincided with a notable rise in trading activity for the collection. According to CryptoSlam data collected through October 10, Pudgy Penguins recorded $1.50 million in weekly NFT sales. This represented a 125.66% increase in weekly sales, accompanied by 196 recorded transactions and 94 buyer addresses overall.

Transaction counts for the collection rose 151.28%, while buyer addresses increased by 54.10%. Available figures do not establish a direct contribution from Weitsman's purchases to that performance.

Prior Holdings

The purchase follows a large-scale acquisition in August 2025, when Weitsman announced buying more than 5,000 NFTs directly connected to Yuga Labs, including assets from the Otherside ecosystem such as Otherdeeds and Kodas. Weitsman did not disclose the total amount spent on the 117 Pudgy Penguins NFTs or specify their intended future use.

Key facts

• Adam Weitsman purchased 117 Pudgy Penguins NFTs over the October 10–11 weekend.
• Pudgy Penguins recorded $1.50 million in weekly sales through October 10.
• Weekly sales for the collection rose 125.66% with 196 transactions.
• In August 2025, Weitsman acquired over 5,000 NFTs connected to Yuga Labs.