White House X posts fueled a surge in Solana memecoin PENGUIN, driving its market cap from $387K to nearly $94M within 24 hours.
Posts from the official White House X account triggered sudden attention around a little-known Solana memecoin.
Traders linked the posts to PENGUIN, which moved from obscurity to active trading within hours.
White House Social Media Activity Draws Market Attention
The official White House X account shared an AI-generated image of President Donald Trump walking beside a penguin. The image carried the caption “Embrace the penguin” and was posted without added context.
A second post followed shortly after and read, “The penguin does not concern himself with the opinions of those who cannot comprehend.” Both posts spread quickly across social media platforms.
Crypto traders began connecting the imagery and language to the Solana-based memecoin PENGUIN. The token had launched earlier this month through the Pump.fun platform.
PENGUIN Token Sees Sharp Price and Volume Increase
Before the White House posts, PENGUIN traded with little visibility across Solana markets. Liquidity remained limited, and wallet activity was relatively low. The token’s market capitalization stayed near $387,000, while daily trading volume showed minimal movement.
After the posts circulated on X, trading conditions changed quickly. Activity increased within hours as more traders entered the market.
Reported trading volume exceeded $244 million in one day, reflecting a sharp rise in short term participation.
The token’s price gained roughly 600 percent over a 24-hour period. This move lifted PENGUIN’s market capitalization to nearly $94 million during peak trading.
The surge occurred without protocol updates or supply changes.
Related Reading: PENGU Airdrop Goes Live on Solana as Pudgy Penguins Mindshare Crosses 300B Views
Traders React as Memecoin Gains Visibility
The rapid price change drew attention across Solana-focused trading communities. Many traders monitored on-chain data as transactions increased across decentralized exchanges.
PENGUIN remained one of the most traded Solana tokens during the surge. Liquidity pools expanded as activity moved across automated market makers.
No official statement linked the White House posts to the token. The account did not mention cryptocurrencies or blockchain assets in either post.
Memecoins often react to viral content and online narratives. In this case, market participants formed their own association based on timing and symbolism.
The token’s rise occurred without protocol updates or roadmap announcements. Price movement was driven mainly by social media engagement and trading activity.
Market observers continue to monitor whether volume remains elevated. Trading behavior following viral exposure often shifts quickly in short time frames.
The event reflects how online attention can affect low-cap digital assets. Solana memecoins have seen similar patterns during periods of high social engagement.
PENGUIN’s performance now places it among higher-ranked Solana-based memecoins by market value. Its future activity remains tied to market interest and liquidity levels.
The situation continues to develop as traders assess short-term price stability. Broader market conditions may also influence further trading behavior.
Source: https://www.livebitcoinnews.com/white-house-post-sends-solana-memecoin-penguin-from-387k-to-94m/
