Solana Memecoins FART and PENGU Surge Amid Whale Activity and Retail Speculation

Solana-based memecoins FART and PENGU have significantly outperformed the broader meme token market, recording triple-digit gains driven by aggressive whale accumulation and retail speculation. As of April 2025, FART has surged by 173%, achieving a market capitalization of $1.14 billion, while PENGU posted weekly gains of 136% before showing signs of exhaustion. Blockchain analysts have identified a notable $2.48 million FART purchase by a single wallet, underscoring the volatile and whale-driven nature of this market segment. This activity highlights the growing influence of large investors in the Solana memecoin ecosystem, as well as the heightened speculative interest from retail participants. The rapid price appreciation of these tokens reflects both the potential and risks associated with highly volatile digital assets. Investors are advised to exercise caution and conduct thorough research before engaging in such speculative markets.

Solana Memecoins FART and PENGU Lead Market Surge Amid Whale Activity

Solana-based memecoins FART and PENGU have outpaced broader meme token markets with triple-digit gains, fueled by aggressive whale accumulation and retail speculation. FART rallied 173% in April, reaching a $1.14 billion market cap, while PENGU notched 136% weekly gains before showing signs of exhaustion.

Blockchain analysts highlight a $2.48 million FART purchase by a single wallet as emblematic of the volatile, whale-driven nature of the rally. PENGU’s $1.2 billion trading volume suggests institutional participation, though overleveraged positions could trigger liquidations.

Technical supports at $0.0100–$0.0110 for PENGU and sustained whale demand for FART will determine whether these assets evolve beyond speculative instruments. The Solana ecosystem continues to demonstrate disproportionate meme coin liquidity compared to Ethereum counterparts.

Loopscale Recoups $2.8M After DeFi Hack Amid Bounty Negotiations

Loopscale, a decentralized finance platform, has recovered $2.8 million of the $5.7 million stolen in a recent exploit. The attackers manipulated the RateX PT token pricing to drain USDC and SOL vaults.

Negotiations with the hacker led to the return of 10,000 WSOL ($1.48 million) and 4,463 SOL ($660K) on April 29, following the recovery of 5,000 WSOL ($740K) the previous day. Loopscale remains optimistic about further recoveries.

Loopscale Exploiter Negotiates Fund Return Following $5.8M DeFi Hack

Loopscale, a Solana-based DeFi protocol, has entered negotiations with the hacker responsible for last week’s $5.8 million exploit. The attacker drained 5.7 million USDC and 1,200 SOL tokens from yield vaults by exploiting a pricing mechanism vulnerability.

The protocol responded swiftly, suspending withdrawals and freezing lending markets to contain the damage. Public on-chain communications reveal both parties are working toward a settlement that would return the stolen assets in exchange for a bounty.

This incident highlights the persistent security challenges in DeFi, even as the sector demonstrates growing maturity in its response protocols. The willingness to negotiate with hackers reflects an emerging industry playbook for asset recovery.

1inch Expands to Solana, Enabling Cross-Chain Swaps Across 10+ Networks

1inch, the multi-chain DEX aggregator, has officially launched on Solana, marking a significant expansion for one of DeFi’s fastest-growing networks. The integration, announced on April 29, brings MEV-protected swaps and liquidity aggregation to over 1 million Solana-native tokens.

Solana’s ecosystem continues to demonstrate robust growth, surpassing 5 billion transactions and 228 million active addresses. The 1inch Fusion protocol will now bridge Solana with more than 10 DeFi blockchains, enhancing cross-chain interoperability.

Traders gain access to six developer APIs and on-chain swaps through 1inch’s platform, which promises optimal swap rates alongside MEV protection. This move underscores the accelerating convergence of major DeFi ecosystems.