Pudgy Penguins PENGU bounced 30% amid Solana activity ATH

Solana on-chain activity reached a new all-time high, coinciding with a 30% surge in Pudgy Penguins token Pengu.

Pengu (PENGU), the native token of blue chip NFT series Pudgy Penguins, bounced to within 50% of its previous peak price, buoyed by a Solana (SOL) uptick and a broad market recovery on 2024’s Christmas Eve.

Pudgy Penguins released its PENGU crypto last week to 7 million eligible wallet addresses. Users have 88 days to claim 23.5% of 88 billion tokens or 20.6 billion coins.

PENGU debuted at a $3.5 billion fully diluted valuation, quickly peaking at %0.06 cents after launch. Price data from crypto.news revealed a market correction following the airdrop, but a 30% PENGU porpoise returned the coin to $0.03.

The asset’s double-digit surge over 24 hours happened as Solana set a new all-time high for daily transactions…