BONK reclaims first place for Solana meme coin, dethroning PENGU

Bonk has regained its position as Solana's leading coin, with a market capitalization of $2.5 billion.

The recent spike was after a community-led token burn and price increase. bonk (Bonk) The $0.00000328 price represents a 3.9% rise over the past 24 hours and a 4.9% increase over the week.

BONK regains first place for Solana meme coin, dethroning PENGU - 1
24H BONK price chart

Meanwhile, PENGU is trading at $0.03568 with a market cap of $2.27 billion, moving to second place among Solana meme coins.

The “Burnmas” initiative helped push BONK’s price action higher. Through this effort, BONK DAO burned 1.69 trillion BONK from its multi-sig wallet.

Thus, the total supply of Solana reached (Sol) The 100 trillion-based meme coin fell to 91 trillion tokens. This decrease in supply has sparked new buyer interest in the market.

The Pudgy Penguins NFT collection shows mixed performance

The Pudgy Penguins ecosystem tells a tale of two markets. While the PENGU token faces pressure, bottom price data for the Pudgy Penguins NFT pool shows strong growth over multiple periods.

The group gained 31% in the past week, with larger increases of 84.2% and 159.5% over the 30-day and 60-day periods. Performance over the year is 110.5%.

BONK regains first place for Solana meme coin, dethroning PENGU - 2
source: CryptoSlam

Trading activity for Pudgy Penguins NFTs has slowed. CryptoSlam recorded a 78.2% drop in sales volume over the past week, with transactions reaching $11.86 million.

Market activity slowed down, as shown in the numbers: only 117 buyers and 107 sellers remained active, recording a decline of 69.92% and 74.09%.

PENGU price charts show price fluctuations since its launch. After reaching $0.06845 on December 17, the token fell by 47.8%. While it is 213.3% higher than its all-time low of $0.01141 on the same day, the price continues to move in wide ranges.

BONK regains first place for Solana meme coin, dethroning PENGU - 3
7D PENGU price chart


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