According to BlockBeats, the market value of the Meme coin PESTO (Pesto The Baby King Penguin) on the Ethereum chain has exceeded 1.7 million US dollars, with a 660% increase in the past 2 hours and a 157% increase in 24 hours. The current price is 0.000004 US dollars, with a 24-hour trading volume of 1.4 million US dollars.

A giant emperor penguin chick named Pesto, who weighs as much as his parents combined, has become a social media celebrity and a star attraction at an Australian aquarium.

BlockBeats reminds users that Meme coin has no real use case yet, its price fluctuates greatly, and investment should be cautious.