Cole Villemain, former co-founder of Pudgy Penguins, sold the 44,444 NFTs from his new Spritehood Wisps collection on Robinhood Chain this Monday, August 11, for $1,282,852 according to Lookonchain’s on-chain count. The sale sells out within a few hours. Is a sellout enough to wipe out Pudgy Penguins’ liabilities?
In brief
- Spritehood Wisps sells out its 44,444 NFTs on Robinhood Chain on August 11, 2026, for $1,282,852.
- The premium tier at $117 only represents 12.4% of NFTs sold, but generates 50.4% of the revenue.
- Four years after his ouster from Pudgy Penguins for broken promises, Cole Villemain is relaunching an NFT project under his name.
Spritehood is full, but the recipe comes at two prices
Cole Villemain announced on August 11 on X that Spritehood Wisps was sold out, saying he was “back in the NFT game.” The market for large NFT collections has been gaining momentum for several months; however, it has not regained the depth reached in 2021.
Lookonchain’s on-chain count distinguishes two prices out of the 44,444 coins: 37,430 were sold at $17 and 5,526 were sold at the premium price of $117, corresponding to the improvement option offered on the mint page. The deployer also minted the remaining 1,488 NFTs for free, before the opening of paid sales.
Sales at $17 total $636,310the premium tier $646,542. The latter represents only 12.4% of the supply, but generates 50.4% of the gross receipts, valued at approximately 684.28 ETH at the time of mint. Fees, production costs and possible reimbursements are not yet included in the available figures.
Robinhood Chain turns launch into liquidity test
Spritehood has chosen Robinhood Chain, the layer 2 network launched by Robinhood for tokenized finance. Tremplin.io detailed this positioning in its article on the launch of Robinhood Chain. Such a layer aggregates transactions before settlement on a base chain, with the goal of processing more transactions.
This choice is not neutral: Protos documented wallet drainers, phishing pages and rug pulls on this network at the beginning of July, according to its investigation. Nothing connects these incidents to Spritehood; they nevertheless put into perspective the idea that a recent channel would be enough to secure or legitimize a launch.
The secondary market provides a first indicator: at 6:34 p.m. UTC, the OpenSea API listed 4,066 holders, 14,134 sales, a cumulative volume of 420.59 ETH and a floor of 0.0179 ETH. This snapshot evolves quickly and does not directly measure the creator’s revenue, unlike the 684.28 ETH of the initial mint.
The sold out does not close the liabilities of Pudgy Penguins
The quick sell-off doesn’t answer questions of trust inherited from Pudgy Penguins. In January 2022, the holders voted to oust the founders after accusations of broken promises and a drain on the project’s cash flow.
In August 2021, on-chain investigator ZachXBT accused eBoy Outlet, a dropshipping activity linked to Villemain, of failing to deliver orders or refunds to several customers, according to his thread. Villemain disputed these accusations and claimed to have reimbursed the customers concerned.
Cole Villemain has passed the attention test, not yet the duration test. The distribution of holders, the floor and the volume of the coming days will say more than just the mint number about what this return is worth in NFTs. For now, $1.28 million remains a launch success, not lasting validation.
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