A social media posting from the United States White House boosted the Nietzschean Penguin token (PENGUIN), a memecoin that was launched on Solana’s layer-1 blockchain, by approximately 564%.
The White House released a Facebook post on Friday. post On X, a picture of US President Donald Trump holding hands with a penguin and them walking in the snow went viral.
PENGUIN recorded a $244 million trading volume within 24 hours of the announcement. SolanaFloor.
According to data from DEXScreener shows.
“The early success of PENGUIN is proof that onchain trading was never dead, just a sleeping giant waiting for the right moment,” Alon Cohen, the co-founder of memecoin launchpad Pump.fun — the platform PENGUIN launched on — said.
The rise of the PENGUIN coin came in the middle of a broad downturn in the memecoin marketThe. best-performing crypto sectors The price of some high-profile celebrity tokens fell by up to 80%.
Related: Memecoin trading spikes briefly as traders cash in, say analysts
Memecoins start to show life again in 2026, after a disappointing 2018.
1,6 million Crypto tokens failed in 2025The flood of Memecoins that have been launched by platforms such as Pump.fun, and similar launchpads has led to this trend.
This is a brief summary of the total market capitalization for memecoins. surged by 23% In January 2026, the amount of money spent on goods and services will increase from $38 billion to $47 billion. CoinMarketCap.
A brief rise in the price of memecoins has been accompanied by an increase in a spike in social media mentions According to Santiment, a crypto-market analysis firm, memecoins are gaining popularity.
“Memecoins typically lead when risk appetite returns. The rebound in the Fear and Greed Index from extreme fear toward neutral reinforces this shift,” Vincent Liu told Cointelegraph he is chief investment officer of the trading firm Kronos.
As crypto markets move in a sideways direction, they oscillate back and forth between brief rallies, then pullbacks.
Magazine: Memecoins: Betrayal of crypto’s ideals… or its true purpose?
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
