Solana’s $PENGU Meme Coin Overtakes Optimism in Market Cap – Are Meme Coins Back?

Last night, Solana’s hottest new meme coin, Pudgy Penguins ($PENGU), surged forward 7% and hit a market cap of $2.85 billion.

This means the newcomer meme coin has flipped Ethereum Layer 2 protocol Optimisim ($OP) to be the fifty-eighth largest cryptocurrency by market capitalization and the fourth largest meme coin.

In fact, according to DappRadar’s stats for the last 24 hours, Pudgy Penguins is currently the biggest NFT project in the world with a hefty 24-hour trading volume of $4.36 million.

As we can see since Pudgy Penguins began listing last month, the price has gone consistently higher, as shown by the red line, while the green line highlighting support levels has rallied in step.

In general, meme coins are recovering from a sell-off after Bitcoin’s price sank below $100k on December 19.

Today it has finally risen back above the psychologically significant threshold, bootstrapping the rest of the market up with it.

Having said that, Pudgy Penguins is due a correction.

Its price, which sharply started to converge from its 30-day moving average earlier today, is now falling back in line with it, while $PENGU’s relative strength index (RSI) is 55 and falling, indicating a sell-off that is picking up pace as investors take some profits on the run so far.

As $PENGU Blasts Into Top 100 Meme Coins, Wall Street Pepe Raises an Eye-Popping $42.5 Million

Pengu isn’t the only new-age meme coin turning heads at the start of 2025. Wall Street Pepe ($WEPE) has captivated investors, amassing an incredible $42.5 million during its presale, which could conclude as early as February.

The presale’s success follows in the footsteps of Pepe Unchained, another massively popular Pepe-themed ICO that raised $74 million and delivered 5x returns upon launch.

What sets $WEPE apart is its mission to democratize wealth, a vision rooted in the core ethos of cryptocurrency. This is not merely a speculative meme coin – $WEPE equips its holders with exclusive trading insights and alpha calls, empowering them to transition from casual traders to savvy market players.

Priced at $0.00036642, $WEPE is moving rapidly, with the next price stage just hours away. As the largest presale spanning 2024 and 2025, it’s drawing comparisons to Dogecoin’s “Doge Army” for its fiercely loyal “$WEPE Army.”

This community, now boasting 45,000 followers across X and Telegram, is set to challenge whales by making the best trading strategies accessible to all.

With influencers like Cilinix Crypto predicting a potential 10x return, Wall Street Pepe is redefining the meme coin narrative.

Join the $WEPE Army today by purchasing $WEPE via ETH, USDT, or bank card, and connect with its growing community on X and Telegram.

Visit Wall Street Pepe today

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