Solana-based meme coin Pudgy Penguins (PENGU) has exploded by 433% over the past month, driven by Canary Capital’s plans to launch a PENGU ETF. The hype has lifted Solana meme coins across the board, with Bonk (BONK) also gaining 154% following the LetsBonk launch.
NFT demand has surged too — Pudgy Penguins NFTs now trade at a 16 ETH floor (over $58K), doubling in just 15 days. Technical analysts predict a minor dip to $0.035 before it rebounds toward $0.06, with potential to hit $0.080 if trendline support holds. Trading volume remains strong, covering 75% of circulating supply, while RSI at 74 signals sustained bullish pressure.
Meanwhile, Bitcoin Hyper (HYPER), a Layer-2 chain bridging Bitcoin and Solana, has raised $4.5 million to fuel BTCFi — the movement bringing DeFi to Bitcoin holders. HYPER enables staking, lending, and yield on BTC without leaving the Bitcoin network.
With support from top exchanges and growing presale interest, HYPER is set to redirect liquidity toward Solana’s DeFi space — benefiting meme tokens like it. As institutional and retail interest converges, this could mark the beginning of a new altseason powered by BTC-backed liquidity.
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