BONK Who? PENGU Becomes the Top Meme Coin on Solana

In Brief:

PENGU’s market cap hits $2.78B, overtaking BONK’s $2.70B

The token surged 19.5% in 24 hours, per CoinGecko data

PENGU has officially overtaken BONK to become the leading meme coin by market capitalization in the Solana ecosystem. According to CoinGecko data on July 23, PENGU jumped over 19.5% in a single day, pushing its valuation to $2.785 billion—surpassing BONK’s $2.701 billion.

The milestone cements PENGU’s rise amid growing hype in Solana’s meme coin arena, a space previously dominated by BONK since late 2023. With the meme coin trend showing no signs of slowing, PENGU’s momentum signals a fresh wave of market interest and community-driven speculation.

Investors and traders now watch closely to see if PENGU can hold its lead or if the meme coin flippening marks just another volatile chapter in Solana’s growing on-chain culture.

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