The Nietzschean Penguin (PENGUIN) token, a memecoin launched on the Solana blockchain, skyrocketed by approximately 564% after the US White House made a post on social media.
On Friday, the White House shared a post featuring a viral image of former President Donald Trump next to a penguin in the snow.
Before this social media post, PENGUIN had a market cap of about $387,000, but in the 24 hours following, it recorded an astounding $244 million in trading volume, as reported by SolanaFloor.
At the time of writing, its market capitalization sits at roughly $136 million, with the token trading at $0.13, according to DEXScreener.
“The early success of PENGUIN is proof that on-chain trading was never dead, just a sleeping giant waiting for the right moment,” said Alon Cohen, co-founder of the memecoin launchpad Pump.fun, where PENGUIN debuted.
The surge comes amidst a broader downturn in the memecoin market, which previously thrived but has recently seen major celebrities’ tokens losing over 80% of their peak values.
Memecoins displayed some resurgence in early 2026, with the market capitalization briefly increasing to over $47 billion after starting from $38 billion in December 2025, driven by the flood of new memecoins created in 2025.
Although the memecoin market later fell to around $39 billion as of publication, trading patterns suggest volatility between temporary rallies and declines.
Related: Memecoin trading spikes briefly as traders cash in, say analysts
Source: White House
PENGUIN memecoin’s price action
Social media interest in memecoins surged. Source: Santiment
