PENGUIN memecoin surges 564% following White House social media post
The Nietzschean Penguin (PENGUIN) memecoin had a market capitalization of about $387,000 before the US White House published its post.
The Nietzschean Penguin (PENGUIN) token, a memecoin launched on the Solana layer-1 blockchain network, surged by about 564% following a social media post from the United States White House.
On Friday, the White House published a social media post on X of US President Donald Trump and a penguin holding hands and walking through the snow, which went viral.
PENGUIN traded at a market capitalization of about $387,000 before the post and recorded $244 million in trading volume in the 24 hours after the post, according to SolanaFloor.
