PENGU Doubles in a Week as New Solana Presale is Tipped as the Best Meme Coin to Buy

Pudgy Penguins (PENGU) just pulled off something spectacular – shooting up 124% in seven days to hit $0.033. PENGU now boasts a market cap of over $2.1 billion, plus it has overtaken DOGE to become the most traded meme coin globally.

But while PENGU’s having its moment, there’s a newer token – Snorter – which is raising millions in its presale. Some early investors even believe it’s the best meme coin to buy right now.

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What’s Behind Pudgy Penguins’ Explosive Rally?

Earlier today, the Pudgy Penguins team announced that they’re partnering with Suplay, one of the largest collectible companies in China. There’s no information yet on what the partnership will entail, but PENGU holders are speculating that it could bring physical collectible drops tied to token rewards.

The market’s reaction was immediate. PENGU spiked 21% after the news broke, Google search volume ticked up, and social media chatter exploded. But that’s just one reason for the bullishness. Another is Canary Capital’s filing for a spot PENGU ETF that the SEC acknowledged last week.

This ETF would hold 80-95% PENGU tokens alongside 5-15% NFTs, essentially creating a hybrid fund that combines meme coins with collectibles.

Crypto whales are excited about this fund. Data from Nansen shows addresses holding over $1 million worth of PENGU have been quietly increasing their positions in the past month. Even Binance and Coinbase got in on the hype – temporarily switching their profile pics to Pudgy avatars.

Bitcoin’s New All-Time High Lifts the Meme Coin Sector

PENGU isn’t rocketing on its own. The entire meme coin space has been on fire this week, with its overall market cap pushing past $66 billion. DOGE is trading around $0.19, while PEPEs hovers at $0.0000123, and the viral MemeCore token has doubled in value.

A key catalyst for all this demand is that Bitcoin crossed $123,000 to post a new all-time high.

When BTC reaches new highs, it usually benefits the entire crypto market. Traders start feeling more confident, and profits from Bitcoin flow into riskier plays, making meme coins the obvious target for those chasing bigger returns. It’s a pattern we’ve seen before – Bitcoin leads, sentiment shifts, and capital rotates. And that’s exactly what’s happening right now.

Plus, there’s been a clear increase in institutional investment in crypto. While these institutions are not buying meme coins directly, their purchases of BTC and major altcoins helps create a “risk-on” atmosphere.

Is Snorter the Best Meme Coin to Buy? SNORT Token Presale Nears $2M

While everyone’s focused on PENGU, Snorter – a new Solana meme coin trading bot – is starting to attract attention on social media. The Snorter presale has now raised over $1.8 million, with SNORT tokens priced at just $0.0983.

Token Zenith, a crypto YouTuber with huge reach, featured SNORT in a video this week and has racked up over 7,400 views in just three days. That kind of organic coverage doesn’t happen by accident.

For those unaware, Snorter is a trading bot inside Telegram that snipes new meme coin launches, offers copy trading, handles automated orders, detects scams, and executes ultra-fast trades through private RPC connections.

In a space where most of these coins are pure speculation, Snorter provides traders with tools they can use to gain an edge. Snorter Bot automates tedious tasks, helps prevent scams, and rewards users for holding tokens. That’s real utility that could drive long-term demand.

Plus, if you hold the SNORT token, you get reduced fees (0.85% instead of the usual 1.5%), staking rewards, and governance rights.

But does this make SNORT a better buy than straight meme plays like PENGU? It’s newer, so expect volatility; however, this also means it has a much lower market cap and a smaller social media presence.

If Snorter continues to get trader attention – and secures a few CEX listings after the presale ends – this small-cap token could see explosive growth.

So, while Pudgy Penguins might have the momentum right now, Snorter’s trading bot and growing communities on X (Twitter) and Telegram could make it the smarter long-term play.

Visit Snorter Presale

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.

Nikolay Kolev