**PENGU Soars**

🐧 The newly launched cryptocurrency, Pudgy Penguins Pengu (PENGU), has surpassed Bonk (BONK) to become the largest meme coin in the Solana ecosystem with a market capitalization of 2.65 billion USD. This shift began with the price surge on Christmas night when PENGU increased by over 30% in 24 hours.

- According to CoinGecko, the Solana meme coin market has grown significantly, reaching a total value of 18.2 billion USD, up 10.3% in the past day.

- PENGU leads with an increase of 11.2% in 24 hours and 22.3% in the past seven days.

**BONK Declines**

- Conversely, BONK only increased by 6.9% in the past week and decreased by 17% in two weeks, with a market capitalization of over 2.5 billion USD, yielding its position to PENGU.

Other meme coins like dogwifhat (WIF) and Fartcoin (FARTCOIN) are also attracting investor attention. 📈