DeepBook (deep) 
Solana Meme Coins Show Resurgence in Market
Bonk has regained its position as the leading meme coin on the Solana network, reaching a market capitalization of $2.5 billion. The recent surge in Bonk’s market value can be attributed to a community-driven token burn and subsequent price increase.
As of the latest data, Bonk’s (BONK) price stands at $0.00000328, marking a 3.9% rise over the past 24 hours and a 4.9% increase over the week. In contrast, PENGU trades at $0.03568 with a market cap of $2.27 billion, moving to second place among Solana meme coins.
The “Burnmas” Initiative Drives Growth
The “Burnmas” initiative has played a significant role in driving Bonk’s price movement upward. Through this effort, the BONK DAO burned 1.69 trillion BONK tokens from its multisig wallet. This reduction in supply has brought the total supply of the Solana-based meme coin down from 100 trillion to 91 trillion tokens, sparking new buyer interest in the market.
Pudgy Penguins NFT Collection Shows Mixed Performance
The Pudgy Penguins ecosystem presents a mixed picture, with the PENGU token facing pressure, while the Pudgy Penguins NFT collection’s floor price data shows strong growth over multiple periods. The collection has gained 31% in the past week, with even larger increases of 84.2% and 159.5% over 30-day and 60-day timeframes. Year-long performance stands at 110.5%.
However, trading activity for Pudgy Penguins NFTs has slowed, with a 78.2% drop in sales volume over the past week, reaching $11.86 million. Market activity has cooled, as reflected in the numbers: only 117 buyers and 107 sellers remained active, marking decreases of 69.92% and 74.09%.
PENGU’s Price Volatility
PENGU’s price charts show significant price swings since its launch. After hitting $0.06845 on Dec. 17, the token fell by 47.8%. While it sits 213.3% above its all-time low of $0.01141 from the same day, the price continues to move in wide ranges.
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