Crypto doesn’t fail to surprise us – today, a chubby cartoon penguin made people a lot of money. The Pudgy Penguins PENGU crypto has soared to + 40% in the last 24 hours.
What started as an adorable NFT project on Ethereum is now making waves in the Solana ecosystem. With low fees and ultra-fast transactions, Solana is the perfect breeding ground for future memecoins. Has Solana season 2 officially started?
From Ice to Fire: Pudgy Penguins Ignite the Market
Pudgy Penguins started as an NFT collection back in 2021. It is a collection of 8.888 unique art pieces. People instantly fell in love with the funny little characters, and the project gained a lot of popularity. In April 2022, Luca Netz acquired the project for $2.5 million, and they have since expanded the brand beyond digital art.
Luca Netz reveals that in the last 2 weeks he’s spent $5,000,000 buying PENGU 👀📈 pic.twitter.com/EWa5SVmHYU
— Jack (@Jack55750) April 24, 2025
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Pudgy Penguins have merchandise, including toys, which in itself is a strategic move to bridge the digital and physical world. As of today, they are a global sensation and have one of the strongest crypto communities.
In December 2024, the next milestone for the project was to launch their native token, PENGU. The token is based on the Solana blockchain and debuted with a total supply of 88.88 billion tokens. They further made history within the first hours of release by hitting a $2.3 billion market capitalization and trading volume of $90 million.
Currently, the coin is at $0.008939, with a 24h trading volume of $262 million and a market cap of $563 million, which all adds up to over a 40% increase. The rise of PENGU was so sudden that some are even calling it a “magic show.”
$PENGU magic show ✨
Any good news I’m missing? @LucaNetz
Looking rock solid @pudgypenguins pic.twitter.com/ba5h8pPbvI— terry jang • ᴗ • (@ausbro80) April 25, 2025
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With the recent wave of meme coin mania and projects exploding overnight, we might just be witnessing the beginning of something new and exciting – Solana season 2.
Everyone is watching closely what is about to unravel, and Solaxy is emerging as one of the standout players in the show.
Solana Season 2 Warming Up With First-Ever Layer 2
Although PENGU is a great project with a cool community, this is not enough. That is why Solaxy is coming as Layer 2 on Solana, ready to conquer new worlds like planet Earth.
Solaxy is the next step of crypto technology designed to unlock the full potential of the Solana ecosystem. With its unmatched scalability and future-proof network, it is poised to reap success. Currently, the project is in presale with raised over $31 million, which speaks for itself.
They have a fixed price of the native token $SOLX, which is $0.001704 per coin. Furthermore, they offer a staking incentive that can boost your rewards to another Solax…Galaxy. You can buy it with a card or crypto.
In addition, they combine the power of meme culture with utility, putting the project to the next level. We all know what will happen when the hype about L2 comes back, and Solaxy is the frontier L2 of Solana.
Another thing that Solaxy is improving over Solana is network congestion and downtime. With their off-chain execution and improved scalability, $SOLX is going to solve this problem; furthermore, experience no more failed transactions.
For the latest updates on the project, connect with the SOLX community on X and Telegram
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