January 24 meme-token Nietzschean Penguin (PENGUIN) based on Solana jumped from $0.01 to $0.16, adding about 1500%.
The sharp rise occurred after the White House posted on social media X. A short post was accompanied by a photograph of U.S. President Donald Trump holding hands with a penguin.
For unknown reasons, the community linked this post to the meme-coin. The coin itself was launched on January 16. They are likely connected by similar AI-generated images.
Before the White House publication, the market capitalization of the asset was about $300,000, and at its peak, it reached $170 million. Now the value has adjusted to $112 million at a coin rate of $0.11.
Analysts from Lookonchain noticed a user who spent 6 SOL (~$867) to purchase 16.5 million $PENGUIN , and then sold all tokens for 6.12 SOL (~$886). At the time of publication, researchers valued these coins at $1.4 million.
According to Arkham, one trader managed to earn $1.5 million in 72 hours. He spent $53,900 on purchasing the asset.
"Early success $PENGUIN proves that on-chain trading has never died, but was merely a sleeping giant waiting for the right moment. Psychological barriers are just beginning to be overcome. Many opportunities lie ahead," wrote co-founder of Pump.fun under the nickname alon.