PENGU Briefly Surpasses BONK to Become Top Solana Meme Coin: Dramatic Flip Incoming?

Key Notes

• PENGU sees 20% daily gains while the broader crypto market remains flat.
• Pengu's market cap is currently at $2.72 billion, nearly flipping BONK’s $2.84 billion.
• PENGU has seen a 4x price surge in the past month, gaining over $2.2 billion in market cap.

While the broader crypto market is mostly flat on July 23, PENGU PENGU $0.0391 24h volatility: 4.2% Market cap: $2.47 B Vol. 24h: $2.19 B continues its explosive rally. Currently trading at around $0.043, it gained over 20% in the past day and over 400% in the last month.

This price surge pushed PENGU’s market cap to a daily high of $2.88 billion, briefly flipping its rival BONK BONK $0.000032 24h volatility: 10.0% Market cap: $2.50 B Vol. 24h: $1.61 B to become the largest Solana-based meme coin. However, at the time of writing, PENGU boasts a market cap of $2.72 billion while BONK comfortably sits at $2.84 billion.

This growth follows analysts on X predicting a “PEPE-style” rally for PENGU, which has already added over $2.2 billion to its market cap in the past 30 days. The token’s 24-hour trading volume currently sits at $2.73 billion, much higher than the $335 million trading volume of the second-largest meme coin, Shiba Inu SHIB $0.000014 24h volatility: 8.0% Market cap: $8.15 B Vol. 24h: $437.61 M .

This spike suggests heightened market interest and drives FOMOed traders into the market. Interestingly, PENGU has just crossed 868,000 holders, indicating growing retail participation.

PENGU Price Eyes $0.05 Amid Overbought Signals

On the 4-hour PENGU price chart, the RSI currently stands in the overbought region. This suggests that the token could see a short-term pullback or consolidation if buying momentum weakens. Traders should watch for key resistance levels at $0.045 and $0.050.

The Bollinger Bands are expanding, with PENGU trading near the upper band. This is a sign of bullish momentum, but there is also potential for a mean reversion toward the middle band (20-day SMA) near $0.037.

If sellers take control and PENGU fails to hold above the $0.040 support level, it might have to retest this level in the near-term.

The MACD indicator shows a bullish crossover, with the MACD line moving sharply above the signal line, supporting the ongoing upward trend. If PENGU maintains current momentum and breaks above $0.045 decisively, a push toward $0.05 could follow.

However, the steep incline in the MACD line could lead to exhaustion if the momentum does not sustain.

Many market analysts on X are suggesting PENGU as one of the best crypto to buy this altcoin season, setting a price target of $1 by September-end.

Insane that $PENGU to $1 isn’t even unrealistic anymore.

I give it until end of September.

So many penguin millionaires in the making pic.twitter.com/hKUDnteozX

— N3ON 🍌 (@NeonApesYC) July 23, 2025

PENGU Soars on Holders but TOKEN6900 Closes In

While PENGU continues its upward climb, TOKEN6900 ($T6900) is rapidly gathering steam. This token doesn’t pretend to be what it isn’t; it blends meme-driven hype with a manifesto that feels like internet chaos meets ironic economic rebellion.

$T6900 has no utility, no roadmap, and no hidden promises. It leans fully into its raw, post-ironic meme identity, existing purely as a digital embodiment of internet culture without apologies.

With a fixed supply of 930,993,091 tokens, TOKEN6900 serves as a tongue-in-cheek jab at traditional finance, echoing the spirit of SPX6900, the meme-led movement that once rattled the stock market’s fragile composure.