Solana-based Meme Coin PENGU Surpasses $1 Billion Market Cap, Up 57% This Month

BlockBeats News, January 6th, according to GMGN monitoring, PENGU started to rise from around $0.0086 on the 1st of this month, continued its rise today, reaching a high of $0.0136, currently trading at $0.0132. The cumulative increase since the beginning of the month has reached 57%, with a market value of $1.01 billion, hitting a new market value high in nearly 30 days.

BlockBeats reminds users that Meme coins are highly volatile, relying heavily on market sentiment and speculative trading, with no actual value or use case. Investors should be aware of the risks.