One whale paid $2.6 million to acquire Penguin. Penguin’s market capitalization surpassed $170 million, reaching an all-time high, and the token surged 348% in the last 24 hours. The development underscores the ongoing interest in meme-driven assets and the potential for dramatic moves driven by big investors.
This momentum highlights the continued hype around memecoins and their capacity to generate rapid gains in short windows. The surge illustrates the evolving dynamics of meme tokens, where large holders can move prices quickly. As with many high-volatility assets, investors should weigh risk and perform due diligence amid such rapid gains.
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