The Nietzschean Penguin (PENGUIN) token on the Solana layer-1 blockchain jumped about 564% after a viral White House post on Friday showing President Donald Trump and a penguin walking in snow. Traders attributed the move to the post’s sudden visibility and social media momentum.
Before the post, the token’s market capitalization was about $387,000. SolanaFloor data shows roughly $244 million in trading volume in the 24 hours after the post.
At the time of writing, DEXScreener shows PENGUIN trading near $0.13 with a market cap around $136 million. The token launched on the Pump.fun memecoin platform.
Alon Cohen, co-founder of the launchpad, said in a tweet “The early success of PENGUIN is proof that onchain trading was never dead, just a sleeping giant waiting for the right moment.” (Ed. note: the spike occurred amid a wider market downturn.)
The memecoin sector saw about 11.6 million token failures in 2025. CoinMarketCap data shows total memecoin market cap briefly rose from about $38 billion to over $47 billion in January 2026.
Santiment data shows social mentions surged, but the sector’s value later fell to roughly $39 billion. Vincent Liu, CIO at Kronos Research, said “Memecoins typically lead when risk appetite returns. The rebound in the Fear and Greed Index from extreme fear toward neutral reinforces this shift.”
