Firstly, I want to give credit to the change in management last year. They have made good decisions during the bear times. Secondly, a possible factor that contributed to the price increase was the general bullish sentiment and growth of the NFT market, especially on the Ethereum network. Pudgy Penguins is one of the oldest and most established NFT collections on Ethereum, and it has a loyal and active fan base. The project has also expanded from 8,888 NFTs to a suite of real-life products and experiences, such as live events, physical merchandise, and licensing opportunities.