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. https://twitter.com/Cointelegraph/status/1871560460568240604?t=MgXHDerU7XD3XcIM-2bfqA&s=19 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. https://twitter.com/wiseadvicesumit/status/1871450445220057473?t=krdutU1WQXcwgbV_7DPQuQ&s=19 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 […]