PENGU surges 14.19%, overtaking TRUMP as Solana’s top memecoin

  • PENGU overtook TRUMP as the largest Solana memecoin by market capitalization.
  • PENGU spot volume rose 38.47% to $467 million over 24 hours.
  • PENGU traded near $0.010688, with $0.012 remaining the decisive resistance level.

PENGU rose 14.19% as partnerships, a WEEX promotional activity and the first unveiling of a Pengu Minibot during Korea Blockchain Week increased attention around its ecosystem. Spot volume climbed 38.47% to $467 million over 24 hours, supporting the advance with greater market participation rather than only thin liquidity. PENGU’s market capitalization reached roughly $638.84 million, surpassing TRUMP at nearly $620.05 million and making PENGU the largest Solana memecoin by market capitalization during the ranking. Its daily gain also exceeded TRUMP’s 2.1% rise. Derivatives activity accelerated, with open interest (the value of outstanding futures contracts) rising 39.61% to $167.17 million and derivatives volume increasing 49.03% to $560.34 million, according to CoinGlass. Binance Top Traders’ account-based Long/Short ratio was 1.6096, while their positions ratio reached 2.4278; the broader 24-hour ratio was 0.9493. Short liquidations totaled $1.54 million of the $1.93 million liquidated, compared with $396,280 in long liquidations. PENGU traded around $0.010688, with RSI (a momentum indicator) at 57.85, +DI at 27.97, -DI at 18.96 and ADX at 17.69. A weekly close above the $0.012 resistance could expose the $0.0225 level as the next major resistance zone.

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PENGU surges 14.19%, overtaking TRUMP as Solana’s top memecoin - CoinPost Terminal