The Solana-based meme coin PENGUIN has experienced a dramatic 750% increase in value over the past 24 hours, pushing its market capitalization to approximately $50.5 million. The current trading price of PENGUIN is around $0.05. This surge highlights the volatile nature of meme coins, which are often driven by market sentiment and speculative interest rather than intrinsic value or practical applications. Investors are advised to exercise caution due to the high risks associated with such assets.