PENGU Briefly Surpasses BONK to Become Top Solana Meme Coin: Dramatic Flip Incoming?
PENGU sees 20% daily gains while the broader crypto market remains flat.Pengu's market cap is currently at $2.72 billion, nearly flipping BONK’s $2.84 billion.PENGU has seen a 4x price surge in the past month, gaining over $2.2 billion in market cap.
While the broader crypto market is mostly flat on July 23, PENGU PENGU$0.0439 continues its explosive rally. Currently trading at around $0.043, it gained over 20% in the past day and over 400% in the last month.
This price surge pushed PENGU’s market cap to a daily high of $2.88 billion, briefly flipping its rival BONK BONK$0.000035 to become the largest Solana-based meme coin. However, at the time of writing, PENGU boasts a market cap of $2.72 billion while BONK comfortably sits at $2.84 billion.
This growth follows analysts on X predicting a “PEPE-style” rally for PENGU, which has already added over $2.2 billion to its market cap in the past 30 days. The token’s 24-hour trading volume currently sits at $2.73 billion, much higher than the $335 million trading volume of the second-largest meme coin, Shiba Inu SHIB$0.000015 .
This spike suggests heightened market interest and drives FOMOed traders into the market. Interestingly, PENGU has just crossed 868,000 holders, indicating growing retail participation.
