Meme Coin PENGUIN Surges to $30.8M Market Cap with 66% 24-Hour Rally

Strong Rebound Sparks Interest

According to GMGN tracking data, the Solana-based meme coin PENGUIN saw a sharp recovery on February 9, rising from a previous low of around $18M to reach a market cap of $30.8M.

At the time of writing, PENGUIN was trading at approximately $0.0308, reflecting a 66% surge in the past 24 hours. Trading volume also hit $14.5M, indicating heightened market activity.

Volatility Warning

Meme coins are known for their extreme price swings, often driven by online sentiment and short-term speculation. While PENGUIN has performed impressively in recent days, investors are advised to remain cautious and focus on risk control.

Market observers recommend treating meme coins with care, as they typically lack real-world utility or technological innovation. Users should avoid chasing gains without proper understanding.