New Solana Memecoin Leader? PENGU Flips BONK Amid Whale Accumulation
Summary
PENGU token launched on December 17, becoming the largest Solana-based memecoin by market capitalization. It surged 500% to a $3.5 billion market cap but experienced volatility, dropping to $1.4 billion by December 20. The token stabilized between $0.025 and $0.037 before climbing to $0.042, reaching a $2.6 billion market cap. PENGU flipped BONK and dogwifhat (WIF) to secure its position as the leading Solana memecoin and the fourth largest overall, behind Dogecoin, Shiba Inu, and PEPE. Daily trading volume reached $1.92 billion, with significant whale activity noted, including a whale increasing holdings to 151.12 million PENGU worth $5.08 million. As of the latest update, PENGU is trading at $0.038, reflecting a 4.8% daily increase.
