ETH Chain Meme Coin PENGU Market Cap Rapidly Surpasses $7 Million, Daily Surge Exceeds 1600x

Odaily News According to data from GMGN, the market cap of the ETH chain Meme coin PENGU quickly broke through $7 million, currently reported at $4.66 million, with a daily increase exceeding 1600x.

The project team stated that they are one of the early creators of the Pudgy Penguin NFT series and have launched PenguLegacy on ETH, having airdropped 50% of the token supply to current Pudgy Penguin holders. The current liquidity pool is only $700,000.

Odaily Note: Previously, a similar narrative token airdropped to CryptoPunks holders reached a high of $10 million, now at $2 million.

Odaily reminds users that Meme coin prices are highly volatile; investors should be aware of the risks.