Solana-Based PENGU Coin Soars 200% Amid Coinbase Endorsement
In a surprising turn of events, PENGU Coin, a Solana-based token, has experienced a remarkable 200% surge since June 2025, significantly outperforming other altcoins. This dramatic rise was catalyzed by Coinbase, the largest U.S. cryptocurrency exchange by volume, which subtly endorsed the token by changing its profile picture to a Solana-based project. The move, which was initially perceived as a playful nod to new CT Lead AlexOnChain, sparked a 10% immediate price surge and renewed investor interest in the previously overlooked token. Originally distributed via an airdrop, PENGU Coin's newfound popularity highlights the growing influence of major exchanges in shaping market trends and investor sentiment within the Solana ecosystem. As of July 2025, the token continues to attract attention, demonstrating the potential for strategic endorsements to unlock significant value in the dynamic cryptocurrency market.
Coinbase Sparks PENGU Coin Surge with Strategic Move
Coinbase, the largest U.S. cryptocurrency exchange by volume, triggered a 10% price surge for PENGU Coin after changing its profile picture to a Solana-based project. The token, previously overlooked during its early airdrop phase, has now rallied nearly 200% since June, outperforming most altcoins.
The exchange's playful nod to new CT Lead AlexOnChain—joking about his temporary account takeover—coincided with renewed investor interest in solana ecosystem tokens. PENGU's NFT-linked token has broken free from its Q1 slump, entering a phase of vertical appreciation.
Is SOL Price Overbought or Breaking Out? Experts’ Analysis and Insights
Solana (SOL) gained 3% in 24 hours, reaching $164 amid heightened trading activity. Daily volume surged 62% to $7.9 billion, while Leveraged markets saw $23 million liquidated—$16.7 million from short positions. Open interest climbed to $7.5 billion, reflecting intensified speculation.
Institutional demand fuels SOL's rally. Upexi Inc. secured $200 million to acquire 1.65 million SOL ($273 million) for its treasury, joining a growing corporate adoption trend. The network's supply-demand imbalance intensifies as on-chain activity spikes, driven by retail and whale participation alike.
Pump.fun Raises $500M in 12 Minutes for Solana-Based Memecoin Launcher
Pump.fun's public token sale shattered expectations, securing $500 million in just 12 minutes. The Solana-based platform priced 125 billion PUMP tokens at $0.004 each, hitting a $4 billion fully diluted valuation.
Retail investors flooded exchanges including Bybit, Kraken, and KuCoin to participate. Tokens remain locked for 48-72 hours post-sale, with the team cautioning against counterfeit assets using the official Solana contract address.
The ICO allocated 33% of PUMP's 1 trillion token supply, with 12.5% selling out instantly. Private sales had already distributed 18%, while remaining allocations fund team incentives (20%), ecosystem growth (24%), and liquidity provisions (2.6%).
The platform democratizes token creation, enabling instant minting and decentralized exchange listings upon reaching threshold metrics. This record-breaking raise signals intense retail demand for Solana-based meme coin infrastructure.
Pump Token Presale Sells Out in 12 Minutes, Raising $600M
The public sale of PUMP, the utility token for the Solana-based Pump.Fun ecosystem, concluded in a record 12 minutes, amassing $600 million from investors. The token, priced at 0.004 USDT, allocated 150 billion tokens—15% of its total supply—during the July 12-15 presale window.
Arkham Intelligence data reveals the sale sold out within one minute of launch, with 189 wallets contributing the maximum $1 million allocation. Pump.Fun confirmed the official contract address (pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn) and warned against counterfeit tokens, as PUMP remains non-transferable.
The project's rapid sellout underscores intense demand for innovative Solana ecosystem tokens. Market observers now watch for distribution phase dynamics and eventual exchange listings.
