PENGU has emerged, replacing BONK as the king of Solana, stirring up the Meme coin world once again!
Pengu ($PENGU) has successfully crowned itself as the hottest Meme coin in the Solana ecosystem, with a market cap soaring to $2.6 billion, surpassing the former king BONK, driving the total market value of Solana’s meme market to exceed $18.2 billion, with a single-day surge of 10.3%.
Since the 30% rebound before Christmas, PENGU has continued to heat up, with a 7-day increase of 22.3%. However, the rise of PENGU has not come without a cost—Pudgy Penguins NFT floor prices have plummeted by 50%, and the dilution of exclusive brand access has left some holders in distress.
Meanwhile, BONK's former glory is no more, with a two-week decline of 17%, and a market cap drop of 23% within 30 days, barely holding onto the $2.5 billion mark. On the other hand, Dogwifhat and Fartcoin are also vying for investors' attention, but PENGU, the “Ice Overlord,” is clearly outperforming.
The Meme coin ecosystem is never short of drama! The growth of PENGU reflects the market's enthusiasm for community-driven tokens, but blindly following trends also harbors risks. In the world of crypto's “fame and fortune,” are you riding the waves or chasing highs and lows?
Understanding market rhythms is the beginning of wealth control! Stay close to Lao Tan, plan ahead, and let the next peak belong to your account! Follow Lao Tan, and don’t let opportunities slip away!
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