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Solana on-chain activity reached a new all-time high, coinciding with a 30% surge in Pudgy Penguins token Pengu.

Santa Claus rally happened in the crypto industry as some big altcoins experienced double-digit gains. Pudgy Penguins (PENGU), the recently airdropped token, soared by 40% on Dec. 24, bringing its market cap to $2.26 billion.

The crypto market is now stabilizing after facing a rough patch, with the total market cap now holding firm roots at $3.31 trillion. The intraday trade however saw a decline of 1.50%, taking the numbers to $150.08 billion.

The Pudgy Penguins (CRYPTO: PENGU) meme coin is seeing a surge in interest, fueled by new exchange listings, bullish sentiment and whale accumulation. What Happened: Onchain Lens data shows that a newly created wallet acquired 519.99 million PENGU tokens, valued at $14.72 million, via Binance.

The crypto market faced a pullback following its recent rally, leading to corrections across altcoins. Meme coins were no exception, though Fartcoin and a few others defied the trend, drawing investor interest due to their unique and absurd appeal.

Pudgy Penguins (CRYPTO: PENGU) newly launched token has found its way into established media, coinciding with a rally on Wednesday. What Happened: In a FOX Business interview on Tuesday, Robinhood CEO Vlad Tenev expressed skepticism about meme coins, calling them “distractions.

The Pudgy Penguins project has initiated a significant airdrop of its new token, PENGU, on the Solana blockchain, valued at $1.5 billion.

PENGU's debut sparked a surge on the Solana blockchain, resulting in more transactions than the combined activity of other leading blockchains.

The start of the week was extremely bullish, as the Bitcoin price broke out of consolidation and surged above $107,700, forming a new ATH. This triggered a massive bullish wave across the markets, with more altcoins gaining strength and printing huge bullish candles.

The crypto market today is showing a minor pullback, with the total market cap slipping by 2.81% to $3.63 trillion. The intraday trading volumes too have taken a hit of 3.50% to $192.27 billion. The reddish numbers have come as a surprise, as Bitcoin claimed a new ATH above $108k.

Crypto prices today saw major fluctuations as Bitcoin (BTC) hit a new all-time high of $108,000 before retreating below $106,000, showcasing significant volatility in recent trading. Meanwhile, Pudgy Penguins (PENGU), a token launched just yesterday, recorded a remarkable 550% surge within 24 hours, propelling it into the top 100 cryptocurrencies by market cap.

In a latest development, The Pudgy Penguins NFT project released its native token, PENGU, on the Solana blockchain and allowed NFT holders to claim tokens via an airdrop. Holders of Pudgy Penguins, Lil Pudgys, Rogs, and soulbound tokens (SBTs) were eligible to participate in the airdrop, which went live at 8:00 a.m. ET.

The Pudgy Penguins token PENGU is live on Solana, with $1.5 billion worth of tokens offered to NFT holders, traders, and beyond.

Pudgy Penguins has officially launched its PENGU token on the Solana blockchain, with burning set up in 88 days. The post Pudgy Penguins Launch PENGU on Solana With Multichain Plans Ahead appeared first on Cryptonews.

The PENGU token is launching on the Solana network, with Ethereum and Abstract Chain compatibility to follow.

The makers of Pudgy Penguins are launching a Solana token. Here's what you need to know about the airdrop, launch plans, and tokenomics.

Pudgy Penguins NFT collection has broken the $100,000 floor price barrier, surpassing Bitcoin's value while preparing for the launch of its ecosystem token $PENGU on Solana.

Pudgy Penguins plans to launch an 88.88 billion supply PENGU token on Solana this December, while their NFT floor price hits $74,000 and their brand expands through mobile gaming and retail channels.

Pengu's tokenomics reveal a significant share for the community, with a strategic approach to team and company allocations.

Pudgy Penguins, a leading NFT project, announced the launch of its PENGU token on Solana as its NFT floor price hit $62,000, marking the latest expansion for a brand that has grown from digital collectibles to include physical toys, gaming, and cross-chain operations.

The famous NFT collection Pudgy Penguins is getting ready to launch its own token on the crypto market called PENGU.