{"id":667389,"date":"2024-12-27T02:30:19","date_gmt":"2024-12-27T02:30:19","guid":{"rendered":"https:\/\/ktsl888.com\/?p=667389"},"modified":"2024-12-26T21:08:47","modified_gmt":"2024-12-26T21:08:47","slug":"new-solana-memecoin-leader-pengu-flips-bonk-amid-whale-accumulation","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/new-solana-memecoin-leader-pengu-flips-bonk-amid-whale-accumulation\/","title":{"rendered":"New Solana Memecoin Leader? PENGU Flips BONK Amid Whale Accumulation"},"content":{"rendered":"

The newly launched PENGU token has stolen the spotlight after becoming the largest Solana-based memecoin by market capitalization. The token\u2019s rally has gathered massive interest from large-scale investors, who have heavily invested in the token over the last few days.<\/p>\n

Related Reading: ONDO Faces 30% Correction Risk If It Loses $1.46 Support \u2013 Top Analyst<\/a><\/div>\n

New Solana Token Steals The Spotlight<\/h2>\n

On December 17, the Pudgy Penguins Non-Fungible Token (NFT) project launched its official token, PENGU, on the Solana Blockchain. The token has moved through the ranks, flipping other Solana-based tokens and gathering massive attention in nine days.<\/p>\n

Pudgy Penguins, one of the largest NFT<\/a> collections, consists of 8,888 unique cartoons of cute penguins and has a market capitalization of 205,757 ETH. In anticipation of the token launch, the project surged as the second-largest NFT collection, only falling behind CryptoPunks.<\/p>\n

Since its launch three years ago, the project has seen its community significantly grow and \u201ccemented itself in the hearts and minds of everyday people and culture,\u201d according to the project\u2019s team. Additionally, it is expected to contribute to the project\u2019s governance despite not having a specific use case announced yet.<\/p>\n

As such, the newly launched cryptocurrency<\/a> aims to \u201cexpand its community and further widen the reach\u201d of the project by allowing old and new users \u201cto align\u201d themselves with the penguins.<\/p>\n

According to CoinGecko data, the Solana-based memecoin debuted with a 500% surge to a market capitalization of $3.5 billion but registered massive volatility in the following days.<\/p>\n

Just hours after launching, PENGU\u2019s price retraced over 50% before descending to a $1.4 billion market cap on December 20. The token hovered between the $0.025-$0.037 range over a few days, stabilizing around the range\u2019s upper zone on Christmas Eve.<\/p>\n

Whales Fill Their Bags As PENGU Flips BONK<\/h2>\n

Amid the market\u2019s momentary Christmas Day gains, the token broke above this range and climbed to the $0.042 mark on Thursday morning, hitting a $2.6 billion market cap. During this 18% rally, the token flipped dogwifhat (WIF) and BONK to become the largest Solana memecoin<\/a> by market cap, currently holding its position as the sector\u2019s leader.<\/p>\n

PENGU became the fourth largest memecoin by this metric, just behind Dogecoin, Shiba Inu, and PEPE. Additionally, in the last 24 hours, the token has seen a 25% increase in market activity, with a daily trading volume of $1.92 billion.<\/p>\n

\"Solana\"
PENGU becomes the largest Solana memecoin. Source: CoinGecko<\/a><\/figcaption><\/figure>\n

According to on-chain data analysis firm Lookonchain, Crypto whales have also noticed PENGU\u2019s rally, with several large-scale investors filling their bags over the past week.<\/p>\n

Related Reading: Analyst Forecast \u2018Highly Bullish\u2019 2025 For Ethereum: Is The Bleeding Over?<\/a><\/div>\n

On December 24, a whale that had received<\/a> an airdrop of 116.7 million PENGU, worth $3.52 million, increased its holding with a $1 million purchase. According to the post, the wallet spent 5,250 SOL to buy an additional 34.42 million PENGU, holding a total of 151.12 million PENGU, valued at $5.08 million.<\/p>\n

Similarly, another whale exchanged<\/a> 500,000 ai16z, another trending Solana-based memecoin, today for PENGU. In the past eight days, this investor has spent $2.47 million to buy 79.9 million PENGU, having unrealized profits of around $835,000.<\/p>\n

As of this writing, PENGU is trading at $0.038, a 4.8% increase in the daily timeframe.<\/p>\n

\"Solana,
PENGU’s performance in the one-week chart. Source: PENGUUSDT on TradingView<\/a><\/figcaption><\/figure>\n
Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The newly launched PENGU token has stolen the spotlight after becoming the largest Solana-based memecoin by market capitalization. The token\u2019s rally has gathered massive interest from large-scale investors, who have heavily invested in the token over the last few days. Related Reading: ONDO Faces 30% Correction Risk If It Loses $1.46 Support \u2013 Top Analyst New Solana Token Steals The Spotlight On December 17, the Pudgy Penguins Non-Fungible Token (NFT) project launched its official token, PENGU, on the Solana Blockchain. The token has moved through the ranks, flipping other Solana-based tokens and gathering massive attention in nine days. Pudgy Penguins, one of the largest NFT collections, consists of 8,888 unique cartoons of cute penguins and has a market capitalization of 205,757 ETH. In anticipation of the token launch, the project surged as the second-largest NFT collection, only falling behind CryptoPunks. Since its launch three years ago, the project has seen its community significantly grow and \u201ccemented itself in the hearts and minds of everyday people and culture,\u201d according to the project\u2019s team. Additionally, it is expected to contribute to the project\u2019s governance despite not having a specific use case announced yet. As such, the newly launched cryptocurrency aims to \u201cexpand its community and further widen the reach\u201d of the project by allowing old and new users \u201cto align\u201d themselves with the penguins. According to CoinGecko data, the Solana-based memecoin debuted with a 500% surge to a market capitalization of $3.5 billion but registered massive volatility in the following days. Just hours after launching, PENGU\u2019s price retraced over 50% before descending to a $1.4 billion market cap on December 20. The token hovered between the $0.025-$0.037 range over a few days, stabilizing around the range\u2019s upper zone on Christmas Eve. Whales Fill Their Bags As PENGU Flips BONK Amid the market\u2019s momentary Christmas Day gains, the token broke above this range and climbed to the $0.042 mark on Thursday morning, hitting a $2.6 billion market cap. During this 18% rally, the token flipped dogwifhat (WIF) and BONK to become the largest Solana memecoin by market cap, currently holding its position as the sector\u2019s leader. PENGU became the fourth largest memecoin by this metric, just behind Dogecoin, Shiba Inu, and PEPE. Additionally, in the last 24 hours, the token has seen a 25% increase in market activity, with a daily trading volume of $1.92 billion. According to on-chain data analysis firm Lookonchain, Crypto whales have also noticed PENGU\u2019s rally, with several large-scale investors filling their bags over the past week. Related Reading: Analyst Forecast \u2018Highly Bullish\u2019 2025 For Ethereum: Is The Bleeding Over? On December 24, a whale that had received an airdrop of 116.7 million PENGU, worth $3.52 million, increased its holding with a $1 million purchase. According to the post, the wallet spent 5,250 SOL to buy an additional 34.42 million PENGU, holding a total of 151.12 million PENGU, valued at $5.08 million. Similarly, another whale exchanged 500,000 ai16z, another trending Solana-based memecoin, today for PENGU. In the past eight days, this investor has spent $2.47 million to buy 79.9 million PENGU, having unrealized profits of around $835,000. As of this writing, PENGU is trading at $0.038, a 4.8% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":667390,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10923,85977,8323,1946,15369,93804,93805,12837,83626,84595,87684,92653,83627],"class_list":["post-667389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-market","tag-crypto-whales","tag-eth","tag-ethereum","tag-nft","tag-pengu","tag-pudgy-penguins-pengu","tag-sol","tag-solana","tag-solana-blockchain","tag-solana-memecoin","tag-solana-token","tag-solusdt"],"acf":[],"yoast_head":"\nSolana Memecoin PENGU Flips BONK Amid Whale Accumulation<\/title>\n<meta name=\"description\" content=\"In 9 days, new market sensation PENGU has overtaken BONK as the largest Solana-based memecoin, fueling bullish sentiment among traders.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/new-solana-memecoin-leader-pengu-flips-bonk-amid-whale-accumulation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana Memecoin PENGU Flips BONK Amid Whale Accumulation\" \/>\n<meta property=\"og:description\" content=\"In 9 days, new market sensation PENGU has overtaken BONK as the largest Solana-based memecoin, fueling bullish sentiment among traders.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/new-solana-memecoin-leader-pengu-flips-bonk-amid-whale-accumulation\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-27T02:30:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-26T21:08:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/atlas-kadrow-4m93a-sZsDs-unsplash.jpg?fit=1920%2C1280\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Rubmar Garcia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rubmar Garcia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/new-solana-memecoin-leader-pengu-flips-bonk-amid-whale-accumulation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/new-solana-memecoin-leader-pengu-flips-bonk-amid-whale-accumulation\/\"},\"author\":{\"name\":\"Rubmar Garcia\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/515c0d5d0d7854aee877d0932fe88471\"},\"headline\":\"New Solana Memecoin Leader? 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.","url":"https:\/\/ktsl888.com\/author\/rubmargarcia\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"New Solana Memecoin Leader? 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