Solana News Today: PENGU Overtakes BONK as Solana Meme Coin Rises to $2.88 Billion

Generated by AI AgentCoin World
Friday, Aug 8, 2025 12:13 pm ET1min read
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Aime RobotAime Summary

- PENGU, linked to Pudgy Penguins NFTs, surpassed BONK with a $2.88B market cap in July 2025.

- Its growth stems from strong community engagement, Asian trading volumes, and new listings on platforms like Robinhood.

- PENGU now aims to overtake PEPE, the third-largest meme coin, but faces volatility risks and sustainability challenges.

- The trend highlights brand-backed projects reshaping the meme coin landscape, with PENGU’s future dependent on sustained hype and adoption.

PENGU, the meme coin tied to the Pudgy Penguins NFT project, has recently surpassed BONK to claim the top spot among Solana-based meme coins. As of late July 2025, PENGU’s market cap reached approximately $2.88 billion, pushing aside BONK, which held around $2.84 billion [1]. This marks the second time PENGU has overtaken BONK—previously in December 2024—though the latest momentum appears stronger, with tighter competition between the two tokens [1].

The rise of PENGU is attributed to its connection with the Pudgy Penguins NFT brand, which has driven strong community engagement and online presence. Unlike many traditional meme coins, PENGU benefits from an established cultural footprint, drawing in both retail traders and speculative investors [1]. High trading volumes, particularly in Asian markets, have further fueled its ascent [1]. Additionally, new listings on major platforms like

Robinhood
have expanded PENGU’s accessibility, enhancing liquidity and drawing in a broader investor base [1].

The next challenge for PENGU is to overtake PEPE, the third-largest meme coin by market cap. While PENGU has shown significant growth, surpassing PEPE would require a substantial increase in its valuation. Some traders have expressed cautious optimism, suggesting that with the current momentum, PENGU could potentially break into the top three meme coins by late 2025 [1]. However, the volatile nature of meme coins means that such gains must be sustained, and previous cycles have often seen rapid reversals [1].

The broader trend highlights how brand-backed and community-driven projects are reshaping the meme coin landscape. PENGU’s ability to maintain its position above BONK and challenge PEPE depends on continued hype, new listings, and broader adoption. If these factors align, PENGU may not only consolidate its position but also make a push for the upper echelon of the meme coin market [1].

Source:

[1] PENGU Surpasses BONK: Can Solana’s Meme Coin Star Break Into the Top 3 by 2025? (https://coinmarketcap.com/community/articles/68962022fc79146e79afff2d/)