February 9th — Per GMGN’s monitoring on the Solana blockchain, the meme coin PENGUIN has rebounded from a roughly $18 million market cap low yesterday to its current $30.8 million valuation. It’s currently trading at ~$0.0308, with a 24-hour gain of 66% and ~$14.5 million in trading volume over that span. BlockBeats notes that meme coin trading is extremely volatile — largely driven by market sentiment and hype, with no tangible value or use case. Investors should exercise caution.
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