Bonk has regained its position as the main Solana meme coin, reaching a market capitalization of $2.5 billion.
The recent increase was after the burning of community indicators and price increases. Bonk's (BONN) price of $0.00000328 represents a 3.9% increase over the past 24 hours and a 4.9% increase over the week.
Meanwhile, PENGU trades at $0.03568 with a market cap of $2.27 billion, moving to second place among Solana meme coins.
The “Burnmas” campaign has helped BONK prices move up. During this effort, the BONK DAO burned 1.69 trillion BONK tokens from its multisig wallet.
This is on the full supply of the Solana (SOL) meme based coin down from 100 trillion to 91 trillion tokens. This decrease in supply has stimulated new buyer interest in the market.
The Pudgy Penguins NFT collection shows mixed performance
The Pudgy Penguins ecosystem tells a tale of two markets. While the PENGU token is under pressure, the Pudgy Penguins NFT collection floor price data shows strong growth over several periods.
The stock has gained 31% in the past week, with an even bigger increase of 84.2% and 159.5% over the 30-day and 60-day timeframes. Performance throughout the year is 110.5%.
Trading activity for Pudgy Penguins NFTs has slowed. CryptoSlam reports a 78.2% drop in sales volume over the past week, with transactions reaching $11.86 million.
Market activity has cooled, as can be seen in the numbers: only 117 buyers and 107 sellers were still active, indicating a reduction of 69.92% and 74.09%.
PENGU price charts show price trends since launch. After hitting $0.06845 on December 17, the token fell by 47.8%. While it is 213.3% above the all-time low of $0.01141 from the same day, the price continues to move in wide ranges.
