Key Notes
- Pengu leads Solana memecoin surge with 23.2% daily gains as sector valuation jumps 12.3% to $12.8 billion total value.
- Technical analysis shows PENGU testing $0.024 resistance with MACD indicating strong buying pressure and potential $0.030 target.
- Solaxy presale gains traction as traders rotate profits from PENGU’s rally into Solana’s first Layer-2 infrastructure project.
Pengu
PENGU
$0.0189
24h volatility:
22.5%
Market cap:
$1.19 B
Vol. 24h:
$1.04 B
soared to $0.023 on Friday, July 11, capping a 70% rally over the last three days. As Bitcoin price broke above $118,000 to reach new all-time highs, capital rotation into riskier sectors pushed Solana-hosted memecoins into a parabolic rally.
The Solana memecoin sector valuation surged 12.3% on Friday, now valued at over $12.8 billion, with trading volumes exceeding $6.3 billion.
Solana memecoin sector performance | Source: Coingecko, July 11, 2025
According to Coingecko data, Pengu emerged as the standout performer across the Solana ecosystem, registering a 23.2% price gain in 24 hours. Other trending tokens include ROBOT (+117.8%), Fartcoin (+9.7%), and Manifest (+87.6%), also from the heightened risk appetite amid Bitcoin’s historic breakout.
With Bitcoin
BTC
$115 951
24h volatility:
4.2%
Market cap:
$2.31 T
Vol. 24h:
$56.12 B
entering price discovery, a consolidation above $115,000 could offer high-flying memecoins including PENGU, a window for continued upside, provided market volumes stay elevated.
PENGU Price Prediction: Parabolic Momentum Tests Resistance as MACD Strengthens
From a technical standpoint, after 70% in the last three days, PENGU price now faces overhead resistance as it presses against the upper boundary of the Donchian Channel (DC) set at $0.024
However, the MACD histogram expanded further into positive territory, with both the MACD line (0.00212) and signal line (0.00145) diverging sharply, indicating increasing buying pressure.
PENGU Price Prediction | Source: TradingView
A sustained breakout above $0.02384 could send prices toward the psychological $0.030 level.
However, with PENGU trading volume peaking at $1.45 billion, according to Coinmarketcap data, an imminent correction cannot be ruled out. In this scenario, the dense confluence zone $0.017 of will likely act as the primary support base before the Donchian Channel’s midline at $0.015.
In summary, as long as Bitcoin sustains its new highs, Pengu is likely to maintain its upward trajectory.
Solaxy Presale Gains Momentum as PENGU Hits 5 month peaks
With PENGU up 70% this week, strategic traders could rotate profits towards new markets such as Solaxy ($SOLX), Solana’s first Layer-2. Now live in presale, Solaxy offers claimable tokens, staking rewards, and a roadmap that includes major exchange listings.
As the memecoin sector tops $12.8 billion, Solaxy is emerging as the infrastructure backbone behind tokens like PENGU and BONK. The SOLX token contract is live, visit the official website to enter the presale before the next price increase.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
