The Nietzschean Penguin (PENGUIN) token, a memecoin launched on the Solana layer-1 blockchain, has recorded an impressive growth of about 564% after the White House posted a message on social media.
On Friday, the White House shared a photo on platform X of U.S. President Donald Trump holding hands with a penguin walking through the white snow, causing a stir in the online community and spreading rapidly.
Before the post went live, PENGUIN had a market capitalization of about 387,000 USD. However, in the 24 hours that followed, the trading volume of this token exploded, reaching 244 million USD, according to data from SolanaFloor.
Currently, the market capitalization of PENGUIN is around 136 million USD, with a trading price near 0.13 USD, according to data from DEXScreener.
Alon Cohen, co-founder of the memecoin launch platform Pump.fun — where PENGUIN was released — commented: “The initial success of PENGUIN is clear evidence that on-chain trading has never disappeared; it has merely been a sleeping giant waiting for the right opportunity.”
The remarkable growth of PENGUIN occurs in the context of the overall memecoin market experiencing a downturn, despite being one of the most prominent cryptocurrency sectors in 2024. Many memecoins associated with the names of famous stars have plummeted by 80% or more from their peak.
Price movements of memecoin PENGUIN | Source: DEXScreener
Memecoins show signs of recovery in 2026 after a tumultuous year.
The year 2025 witnessed the failure of 11.6 million cryptocurrency tokens, primarily due to the wave of memecoins being released en masse on platforms like Pump.fun and many similar launchpads.
The total market capitalization of memecoins saw a significant increase of 23% in January 2026, from around 38 billion USD at the end of 2025 to over 47 billion USD, according to data from CoinMarketCap.
This short-term rally is accompanied by a surge in mentions of memecoins on social media, according to analysis from the company Santiment.
Interest on social media for memecoins surged in January 2026 | Source: Santiment
Vincent Liu, Investment Director at Kronos Research, shared with Cointelegraph: “Memecoins often lead the market when investors' risk appetite returns. The recovery of the Fear and Greed Index from extremely fearful to neutral further reinforces this trend.”
Nevertheless, the total market capitalization of memecoins has decreased back to around 39 billion USD at present, as the cryptocurrency market continues to maintain a sideways state, fluctuating between short-term rallies and corrections.
https://coinphoton.com/memecoin-penguin-tang-vot-564-sau-bai-dang-tren-mang-xa-hoi-cua-nha-trang.html
