Pudgy Penguins’ new cryptocurrency PENGU has surpassed BONK as the largest meme coin in the Solana ecosystem! 🎉 PENGU’s market cap has reached $2.65 billion. The token has gained more than 30% in 24 hours in a rally that began on Christmas Eve.

The Solana meme coin market has exploded, with its total value reaching $18.2 billion. PENGU is up 11.2% in the last 24 hours and 22.3% in the last seven days. However, the base price of the NFT collection has fallen more than 50%, sparking controversy.

BONK is up a more modest 6.9%, but has lost 17% in two weeks. Other meme tokens continue to attract investor interest.