Solana has seen a major shift as Pudgy Penguins’ PENGU token has surpassed BONK to become the blockchain’s largest meme token by market capitalization. PENGU has reached a $2.47 billion market cap compared to BONK’s $2.36 billion.
This achievement coincides with performance in Pudgy Penguins’ NFT collection, which has recorded over $6.2 million in sales volume over the past 24 hours, with individual pieces selling for as high as 42 ETH ($145,078).
PENGU’s price performance and market dominance
PENGU has risen to become Solana’s largest meme coin, trading at $0.0387 with a market cap of $2.47 billion. The token gained 32.6% over the past week while maintaining high trading volumes of $1.27 billion in the past 24 hours.
This growth comes just nine days after PENGU hit its all-time high of $0.06845 on December 17, 2024. The price data shows consistent buying pressure through December, with PENGU moving from $0.02318 to $0.04174 over the past week.
Current tradin
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