PENGU Skyrockets 28%: SUI & Solana Trends Dominate Crypto’s Wild 24-Hour Ride
Forget the quiet consolidation—the crypto market just delivered another session of pure, unadulterated volatility. While traditional finance debates quarterly forecasts, digital assets are moving at light speed, with one memecoin leading the charge and major layer-1s carving their own paths.
The PENGU Surge: Meme Mania Isn't Dead
A certain penguin-themed token defied broader market whispers, posting a staggering 28% gain that left skeptics scrambling. It's a stark reminder that narrative and community momentum can still ignite explosive moves, even when the macro picture seems cloudy. This isn't just random noise; it's capital voting with its wallet, chasing the next viral wave.
SUI & Solana: The Layer-1 Battle Heats Up
While PENGU flew, the engines of smarter contracts kept humming. SUI and Solana trends dominated developer chatter, each showcasing distinct strengths in the race for scalability and user adoption. Their movements weren't just price ticks—they were signals of ecosystem health, developer activity, and dApp traction. Watch these not for daily swings, but for the underlying tech adoption that builds lasting value.
The Bottom Line: Speed Wins
The last 24 hours proved that in crypto, agility trumps legacy. While traditional markets wait for committee meetings, blockchain networks execute. One memecoin's 28% pump and the relentless evolution of layer-1 platforms highlight a market that rewards boldness and innovation over caution. Just another day where digital assets move faster than a Wall Street analyst can say "frothy valuation."
Major Crypto Events Today
Source: Forex Factory
24 Hour Crypto Market Update
Bitcoin is currently priced at $92714.5, representing a 6.88% rise in the past 24 hours. With $79.83 billion in trading volume and a $1.85 trillion market cap.
Ethereum trades at $3038.43, up 8.23% in the last 24 hours, with a $366.5 billion market cap and $26.6 billion in trading volume.
Bitcoin is at $92,692.64, gaining 6.84% with a strong $77.28B trading volume.
Yooldo ESports at $0.4063, down 8.77%, recording $195.96M in volume.
DeMCP at $0.0001036, dropping 19.14% with $13.06K in trading volume.
Solana at $139.45, rising 9.6% with $6.22B in volume.
Sui at $1.63, surging 21.26%, supported by $1.2B in trading activity.
Pudgy Penguins (PENGU) at $0.01231, up 27.25%, with TV of $312.7M.
Sui (SUI) rose 21.06% to $1.64, supported by $1.20B in TV.
SPX6900 (SPX) at $0.7289, gaining 17.38%, with TV of $39.9M.
Zcash (ZEC) is trading at $319.52, up 5.26% in the last 24 hours, with a TV of $1.44B.
MemeCore (M) is priced at $1.33, rising 5.24%, supported by a TV $37.27M.
UNUS SED LEO (LEO) stands at $9.57, gaining 2.58%, with TV of $1.10M.
Stablecoins hold a market cap of $315 billion with $136 billion in trading volume, representing a 0.17% Negative change.
The DeFi market cap stands at $81.07 billion, down 5.17% in the last 24 hours, with a trading volume of $14.3 billion. DeFi dominance remains at 3.6%.
Fear and Greed Index Today
Source: Alternative Me
Today’s Fear & Greed Index shows 28 (Fear), indicating cautious sentiment. Conditions improved slightly from yesterday’s (23) extreme fear but remain weak due to recent price drops, low trading confidence, and ongoing macro uncertainty. Traders are risk-averse, causing slower buying activity and heightened short-term volatility across the cryptocurrency
Latest Cryptocurrency Market News Today, December 3, 2025
Mark Moss says traditional retirement planning is outdated, arguing Bitcoin’s potential rise to $1 million could let everyday investors leverage debt for annual income without selling their holdings.
StrategyInc. CEO Phong Le said its new $1.4B cash reserve can fund dividends and interest for nearly two years, limiting Bitcoin sales, and may enable BTC lending if market pressures grow.
Coinbase announced the addition of Humidifi (WET), zkPass (ZKP), Plume (PLUME), Hyperlane (HYPER), and Jupiter (JUPITER) to its asset listing roadmap, signaling broader market access and growing ecosystem support.
Ten major European banks, including ING, UniCredit, and BNP Paribas, have formed Qivalis to launch a euro-based stablecoin in 2026, seeking an EMI licence to boost Europe’s digital payment independence.
Cathie Wood says AI is still early, and slow enterprise gains reflect restructuring needs. She highlights rising investment and Palantir’s 123% U.S. growth as signs that a major productivity surge is close.
Kraken has acquired Backed Finance, the world’s second-largest stock tokenization platform. The deal will bring tokenized U.S. equities to Kraken’s exchange. Kraken is valued at $20B and is preparing a 2026 IPO.
Aave has introduced a proposal to refine its multichain strategy by raising reserve factors, shutting low-revenue markets, and requiring new deployments to generate at least $2 million in annual revenue.
President Donald TRUMP said he’s decided who will lead the Federal Reserve — and strong hints point to Hassett as his pick. Markets reacted fast, expecting easier, lower interest rates.
American bitcoin Corp., co-founded by Eric Trump, saw its stock plunge by more than 50% within minutes on Tuesday as restricted shares were unlocked, prompting repeated trading halts. The price now remains 38% lower than on Monday.
Astria Network, built on Celestia, will shut down its shared sequencer at block 15,360,577. Despite $12.5M in funding, low adoption, halted Flame development, and recent setbacks, it was closed.
CoinGabbar’s Opinion
The current market shows strong gains across major assets, but rising volumes and a Fear Index still in “Fear” territory signal cautious sentiment. Investors should stay alert—opportunities exist, especially in trending altcoins, but volatility remains high. Short-term gains look promising, yet disciplined risk management and research are essential before entering new positions.
Disclaimer: This is not financial advice. Please DYOR before investing. CoinGabbar is not responsible for any financial losses
