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.
🚨 BREAKING: Solana memecoin $PENGU flips $WIF in market cap, close to overtaking $BONK. pic.twitter.com/7IpIKwEvZ6
— Cointelegraph (@Cointelegraph) December 24, 2024
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.
Bithumb, the 2ND LARGEST KOREAN crypto exchange, is listing PENGU 🤩
The trading of the PENGU/KRW pair will start today.
PENGU is up 22% after this news 🚀
How many of you got the $PENGU airdrop? 👇 pic.twitter.com/BAgeWFGXKj
— Wise Advice (@wiseadvicesumit) December 24, 2024
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.
新地址 CqwjT…EiCj8 六小时前累计囤积 5.2 亿枚 $PENGU ，价值 1487 万美金🐧
该地址从 #Binance 提出 PENGU 的均价为 $0.2996，目前已浮亏 71 万美金
钱包地址 https://t.co/l4OLRwW9B5 pic.twitter.com/KPmBisgzpJ
— Ai 姨 (@ai_9684xtpa) December 24, 2024
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.
