Pudgy Penguins' new cryptocurrency, Pengu (PENGU), has become the largest memecoin in the Solana ecosystem, overtaking Bonk (BONK) with a market cap of $2.65 billion. The rally began on Christmas Eve, when the token rose 30% in 24 hours. While PENGU has risen 22.3% in a week, BONK has lost 17% in two weeks, giving up the lead.