Hey Fam!
PENGU, the meme coin inspired by Pudgy Penguins, has just flipped BONK to become the top dog—err, penguin—on Solana.
As of now, PENGU boasts a market cap of around $2.5 billion, with a 24-hour trading volume hitting approximately $1.5 billion.
In the past week, PENGU has surged over 22%, including a 10% jump in the last 24 hours.
This impressive rally has been fueled by significant whale activity. One notable investor splurged $2.47 million to acquire nearly 80 million PENGU tokens, reaping an unrealized profit of about $835,000.
Adding to the excitement, PENGU's recent listing on South Korean exchange Bithumb has amplified demand, especially among South Korean investors who have a growing appetite for meme coins.
On the flip side, BONK, the previous leader in Solana's meme coin arena, is currently trading at approximately $0.00003104, with a 24-hour trading volume around $288 million.
While BONK has seen a modest 6% uptick over the past week, it's clear that PENGU's momentum has captured the market's attention.
The meme coin market is notoriously volatile, and while PENGU's ascent is noteworthy, it's essential to approach such investments with caution.
Always do your own research and consider the inherent risks before diving into the meme coin frenzy.
#BinanceAlphaAlert #memecoin🚀🚀🚀 #MarketRebound #Crypto2025Trends #Write2Earn $BONK $PENGU