Solana on-chain exercise reached a brand new all-time excessive, coinciding with a 30% surge in Pudgy Penguins token Pengu.
Pengu (PENGU), the native token of blue chip NFT sequence Pudgy Penguins, bounced to inside 50% of its earlier peak worth, buoyed by a Solana (SOL) uptick and a broad market restoration on 2024’s Christmas Eve.
Pudgy Penguins launched its PENGU crypto final week to 7 million eligible pockets addresses. Customers have 88 days to say 23.5% of 88 billion tokens or 20.6 billion cash.
PENGU debuted at a $3.5 billion absolutely diluted valuation, rapidly peaking at %0.06 cents after launch. Value knowledge from crypto.information revealed a market correction following the airdrop, however a 30% PENGU porpoise returned the coin to $0.03.
The asset’s double-digit surge over 24 hours occurred as Solana set a brand new all-time excessive for every day transactions on Dec. 24, in keeping with knowledge from Artemis.
Meme cash, a cornerstone of on-chain SOL exercise, in all probability drove transactions on the second-largest decentralized finance ecosystem by consumer deposits or complete worth locked per DefiLlama.
DEX Screener buying and selling data confirmed substantial inflows into Solana meme leaders like Bonk (BONK), Dogwifhat (WIF), Fartcoin (FARTCOIN), and a16z. The latter two initiatives are prime tokens in crypto synthetic intelligence brokers, a sector garnering steam behind its narrative.
Fartcoin, one other viral AI agent targeted on leisure, additionally rejoined the billion-dollar market cap membership after a 50%. The meme coin traded for $1.12 per FARTCOIN.
