Memecoin PENGUIN surged over 300% after a tweet from the White House

TapChiBitcoin
MEME4.93%

Memecoin PENGUIN surged over 300% after a tweet from the White House went viral. The image in the tweet shows President Trump holding a penguin on a snowy background, attracting significant attention from social media users and the cryptocurrency community.

Traders quickly reacted, pushing Pengui's trading volume to record levels. Analysts believe that the meme's appeal combined with the social media effect has driven the price up sharply. While some investors celebrate quick profits, many warn about the characteristic volatility of meme coins.

Pengui's price increase demonstrates how internet culture and viral content are increasingly influencing the crypto market. Experts advise caution, as such sharp fluctuations can reverse quickly.

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