Pippin and Pengu Crypto Lift Meme Coin Market: Start Of Meme Frenzy?

Guy Fawkes 2026.01.29 3 min read

Two meme coins, PIPPIN crypto and Pudgy Penguins, PENGU, are causing medium hype among the meme coin lovers . Why? Well, Pippin recently crossed the $500 million market cap mark after a powerful daily run, while Pengu continues to draw steady volume, and a 8% price increment, thanks to its NFT roots and brand strength.

$PIPPIN is up 60% in the last 24 hours

What did I miss? pic.twitter.com/Cf4UeKrtGD

— Aisar (@aisarcore) January 28, 2026

Their combined performance has traders watching closely: Is this the early sign of another meme coin cycle heating up?

Let’s look at what’s actually happening.

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Pippin Crypto Breaks $500M Market Cap with 69% Daily Surge and Strong Solana Momentum

pippin crypto chart

(Source: TradingView)

Pippin (PIPPIN) delivered one of the cleanest moves in recent memory, jumping more than 69% in a single day to reach roughly $0.55, now trading around $0.50, and pushing daily trading volume above $122 million. That rally took its fully diluted market cap comfortably past $500 million. But Pippin got us used to these crazy moves, with also very violent corrections.

Over the last week, it recovered from lows near $0.27, holding an upward channel even as some community voices pointed out that a handful of wallets appear to control a large portion of supply.

From its all-time low of $0.0055, Pippin is still up over 9,000%. If buyers defend the $0.40–$0.42 zone, many expect another test of the $0.50–$0.55 resistance area, before another leg up, though a broader Solana pullback could test support quickly.

There are some red flags: violent price volatility; strong supply control by a few wallets. These types of runs usually end up in big corrections, so if you are interested in PIPPIN, be careful; it carries high risk.

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PENGU Holds Steady Post-18,000% Launch Pump with Consistent $100M+ Daily Volume

Pedgy Penguins, Pengu, launched in mid-December 2024 and exploded 18,000% in its first big run, reaching $2.6 billion market cap. Right now, it trades near $0.01, around $819 million FDV, with 24-hour volumes frequently topping $100 million.

Its all-time high sits at $0.057, while the cycle low was around $0.0037. In the past seven days, Pengu has gained 3%, +8% in the last 24 hours, quietly outperforming several larger-cap names during a cautious market.

This meme has a trick up its sleeve: Pudgy Penguins NFT integrations, frequent exchange liquidity deposits, and an expanding real-world brand that includes toys, apparel, and events.

That combination keeps trading active and gives it a more resilient floor than many pure meme plays.

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Are Pippin and Pengu Early Indicators That the Meme Coin Market Is Waking Up Again?

The pairing of Pippin’s explosive gains and Pengu’s reliable volume has started to energize the broader meme coin landscape. Similar Solana-based tokens like CLAWD have picked up speed in their wake, and overall meme coin trading activity is noticeably higher than it was a few weeks ago.

Meme coin market cap

(Source: Coingecko)

While concentrated supply and fast sentiment shifts always carry risk, the fact that these two are performing in different styles, one rapid breakout, one steady accumulation, suggests genuine interest rather than a one-off pump. If Pippin crypto keeps pushing higher and Pengu holds its base, they could act as the first clear catalysts for a wider meme coin revival, pulling in fresh capital.

For now, they’re a reminder that even in a cautious market, well-timed meme narratives can still deliver outsized returns.

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