đ° On January 24, the meme token Nietzschean Penguin (PENGUIN) on the Solana network surged in price dramatically - from $0.01 to $0.16, showing an increase of about 1500%.
The catalyst for the growth was a post from the White House with a photo of Donald Trump next to a penguin.
For unknown reasons, users of the crypto community associated this image with the PENGUIN token.
Presumably, the reason was the visual similarity with the AI-generated pictures used in the project's promotion.
The meme coin itself was launched on January 16.
Before the publication, the asset's capitalization was around $300,000, but at its peak, it reached $170 million. Later, the figure adjusted to $112 million, and the coin's price dropped to $0.11.
According to Arkham, one trader managed to earn about $1.5 million in just 72 hours by investing $53,900 in buying the token.
PENGUIN
Alpha
0.028952
+50.64%