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Solana Memecoin $PENGU Surges, Poised To Overtake $BONK As Bithumb Listing Drives Demand

The Solana-based memecoin $PENGU has made headlines by surpassing $WIF in market capitalization, positioning itself to soon overtake $BONK.

This rise comes on the heels of major news: Bithumb, South Korea’s second-largest cryptocurrency exchange, has officially listed $PENGU. Trading for the PENGU/KRW pair commenced today, sparking significant investor interest.

Following the announcement, $PENGU experienced a sharp 22% price increase, reflecting growing confidence in the token’s potential. A new wallet address, identified as CqwjT…EiCj8, has also caught attention, having accumulated 520 million $PENGU—valued at approximately $14.87 million—over the past six hours.

Interestingly, the average withdrawal price of $PENGU from Binance linked to this wallet stands at $0.2996 per token. However, with current market conditions, the address is facing an unrealized floating loss of $710,000.

Despite this, market momentum remains bullish, with $PENGU’s listing on Bithumb expected to attract a surge of Korean investors, potentially driving its price and market cap even higher.

As the Solana ecosystem continues to thrive, $PENGU’s rise underscores the growing appeal of memecoins and their ability to capture significant market attention. Investors are now closely watching to see if $PENGU can maintain its upward trajectory and dethrone $BONK as the leading Solana-based memecoin.

Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.