Meme Coin PENGUIN Market Cap Soars to $30.8M

Meme coin PENGUIN, operating on the Solana blockchain, has experienced a significant market rebound, with its market capitalization rising from approximately $18 million to $30.8 million. The coin’s price currently stands at $0.0308, marking a 66% increase over the past 24 hours. During this period, PENGUIN’s trading volume reached $14.5 million. Despite the surge, investors are cautioned about the high volatility and speculative nature of meme coins, which often lack intrinsic value or practical use cases.