Nietzsche’s Penguin (penguin) token, a meme coin launched on the Solana layer 1 blockchain community, soared by round 564% following a social media put up from the US White Home.
On Friday, the White Home launched a social media put up about President Donald Trump and a penguin strolling by the snow holding palms that went viral.
penguin In accordance with Solana Flooring, the market capitalization earlier than the put up was roughly $387,000, and the buying and selling quantity was $244 million within the 24 hours after the put up.
sauce: white home
In accordance with knowledge from DEXScreener, the token has a market capitalization of roughly $136 million on the time of this writing and trades at roughly $0.13.
“Early success was penguin That is proof that on-chain buying and selling is not at all lifeless, however a sleeping large simply ready for the correct second.” penguin It was launched in .
speedy improve in penguin The token was launched amidst a big downturn within the memecoin market, which was probably the most buoyant crypto sectors in 2024, however crashed after a number of high-profile superstar tokens fell greater than 80% from their peak costs.
of penguin Meme coin worth motion. sauce: DEX screener
Associated: Analysts say meme coin buying and selling briefly surges as merchants money in
Meme cash present indicators of resurgence in 2026 after disappointing yr
In 2025, 11.6 million crypto tokens failed. This was primarily attributable to the flood of meme cash launched on platforms resembling Pump.enjoyable and different comparable launch pads.
In accordance with CoinMarketCap, the market capitalization of meme cash briefly rose 23% in January 2026, growing from about $38 billion in December 2025 to greater than $47 billion.
In accordance with cryptocurrency market evaluation agency Santiment, as memecoins briefly soared in worth, mentions of memecoins on social media additionally skyrocketed.
Social media curiosity in meme cash skyrocketed in January 2026. supply: Saintly
Vincent Liu, chief funding officer at buying and selling agency Cronos Analysis, instructed Cointelegraph: “Meme cash sometimes lead when danger urge for food returns. Excessive concern to impartial concern and a rebound within the greed index reinforce this shift.”
Nonetheless, because the cryptocurrency market continues to maneuver sideways, bouncing between short-term positive aspects and declines, the memecoin market has retreated to a market cap of roughly $39 billion on the time of publication.
journal: Memecoin: A betrayal of cryptocurrencies’ beliefs…or their true function?
