Crypto▲ Bullish
Spritehood sells out 42,956 NFTs in under an hour on Robinhood Chain
The Pudgy Penguins co-founder's Spritehood mint generated $1.28M on Robinhood Chain in under an hour, with 42,956 paid NFTs sold across two price tiers.
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Spritehood sold 42,956 paid NFTs on Robinhood Chain in roughly 53 minutes, generating nearly $1.28 million for Pudgy Penguins co-founder Cole Villemain.
The Defiant reported that Villemain launched the collection on Aug. 11 after being removed from the Pudgy Penguins founding team earlier. The paid portion of the mint sold out in less than one hour.
On-chain analyst 0xlaplaced calculated the mint produced about $1.2829 million, or roughly 684.28 ETH based on Ether's price during the sale. The final total came in well above an earlier estimate of approximately $755,000 that circulated before the mint finished.
According to the analyst's transaction review, buyers minted 37,430 NFTs at $17 each, generating $636,310 in proceeds. A second group of 5,526 NFTs sold for $117 each, adding another $646,542. Combined, the two paid tiers generated $1,282,852 from 42,956 tokens. The deploying address had already distributed 1,488 NFTs at no charge through 20 zero-price transactions before the public sale, taking the full reported supply to 44,444 items.
The supplied report did not identify what determined whether a buyer paid $17 or $117. It also did not provide details about any benefits, future access, or other features attached to the collection.
Spritehood's contract appears with an "unverified" label on Robinhood Chain's Blockscout explorer, according to The Defiant. An unverified contract can still operate and record transactions on-chain, but its human-readable source code has not been matched publicly with the deployed bytecode through the explorer. Without that verification, buyers cannot use Blockscout to inspect the complete source code governing Spritehood's pricing and distribution process. The label does not establish that the contract is malicious or faulty, though it reduces the information available for independent review.
The reported mint figures instead come from an analysis of completed blockchain transactions. Since each paid tier can be calculated separately, the on-chain totals explain why the final proceeds exceeded the figure shared while the sale was still underway.
No information in the supplied report indicates that Robinhood organized, promoted or endorsed the Spritehood launch. Robinhood describes its network as a permissionless Ethereum Layer 2, meaning independent developers can deploy applications and tokens without each project representing an official Robinhood product.
Spritehood arrived about six weeks after Robinhood opened its Layer 2 network to the public. As crypto.news reported in July, Robinhood Chain launched as an Arbitrum-based Ethereum scaling network designed for tokenized stocks and decentralized finance applications. The mainnet debuted with integrations involving infrastructure providers including Alchemy, BitGo, and Chainlink. Robinhood also introduced Stock Tokens for eligible users outside the United States, while decentralized exchanges and lending applications supplied on-chain trading functions.