Pudgy Penguins PENGU bounced 30% amid Solana activity ATH

Solana on-chain activity reached a new all-time high, coinciding with a 30% surge in Pudgy Penguins token Pengu. Pengu ( PENGU ), the native token of blue chip NFT series Pudgy Penguins, bounced to within 50% of its previous peak price, buoyed by a Solana ( SOL ) uptick and a broad market recovery on 2024’s Christmas Eve. Pudgy Penguins released its PENGU crypto last week to 7 million eligible wallet addresses. Users have 88 days to claim 23.5% of 88 billion tokens or 20.6 billion coins. PENGU debuted at a $3.5 billion fully diluted valuation, quickly peaking at %0.06 cents after launch. Price data from crypto.news revealed a market correction following the airdrop, but a 30% PENGU porpoise returned the coin to $0.03. You might also like: News PENGU trader flipped $10k to $3 on Pudgy Penguins tokens The asset’s double-digit surge over 24 hours happened as Solana set a new all-time high for daily transactions on Dec. 24, according to data from Artemis. Solana daily transaction | Source: Artemis Meme coins, a cornerstone of on-chain SOL activity, probably drove transactions on the second-largest decentralized finance ecosystem by user deposits or total value locked per DefiLlama. DEX Screener trading info showed substantial inflows into Solana meme leaders like Bonk ( BONK ), Dogwifhat ( WIF ), Fartcoin ( FARTCOIN ), and a16z. The latter two projects are top tokens in crypto artificial intelligence agents, a sector garnering steam behind its narrative. Fartcoin, another viral AI agent focused on entertainment, also rejoined the billion-dollar market cap club after a 50%. The meme coin traded for $1.12 per FARTCOIN. Read more: FARTCOIN surges as Binance announces futures listing