**PENGU Dances on BONK: The New King of Solana Meme Coins! 🐧**

- Good news for meme coin fans! PENGU, the new token from Pudgy Penguins, has successfully replaced BONK and become the largest meme coin in the Solana ecosystem with a market valuation of $2.65 billion. 🎉

- Since its launch on Christmas Eve, PENGU has soared more than 30% in 24 hours! Data from CoinGecko shows that the Solana meme coin market has experienced rapid growth, with a total valuation increasing by 10.3% in a day.

- However, PENGU's journey has not always been smooth. The floor price of the Pudgy Penguins NFT collection plunged more than 50% after the token launched. But don't worry, PENGU is still moving forward with a steady increase in price.

- Meanwhile, BONK has had to abdicate with a 17% drop in the past two weeks. Will PENGU continue to dominate? Or is there a new competitor ready to take the crown?

Comment below and let us know what you think!