The rise of Bonk (BONK) meme coin power: SHIB's dominance status declines, PENGU discovers signs of blue-chip meme aging.

BONK priced at $0.00003619 today (18) during the Asian afternoon session, but long positions have not given up control of the steering wheel, with its price rising over 54% in the past week. Analysis shows that Shiba Inu’s (SHIB) dominance is declining, while the development of Pudgy Penguins (Pengu) indicates signs of aging in blue-chip meme coins.

The BONK token of Solana has taken the market by storm in the past few weeks, with a market capitalization of $2.78 billion and a trading volume of $2.31 billion indicating strong liquidity and robust growth momentum. Most traders believe it is the next best competitor among altcoins in 2025.

This is not just a meme—BONK officially enters the decentralized finance (DeFi) space of Solana, and its fame even surpasses SHIB. With the continued stability of low Gas fees and increased speed, Solana tokens like BONK are quickly becoming favored by cryptocurrency investors seeking low Gas fees.

(Source: Trading View)

PENGU development shows that blue-chip meme coins are showing signs of aging

PENGU has also experienced a certain degree of retracement in the short term, with a market capitalization of about 1.84 billion USD, seemingly lacking momentum—but that is not the case. The Pudgy Penguins community is expanding into areas such as gaming, NFT toys, and brand collaborations.

The trading volume of 1.3 billion USD reflects that even in the case of a short-term price drop, the demand from holders remains strong. The combination of utility and meme of PENGU makes it currently more attractive than SHIB. For those eager to have cryptocurrencies with real practical functions, PENGU meets many criteria.

SHIB is not dead - but it is being left behind by a new wave of meme culture, with BONK and PENGU injecting new life into the meme games. Regardless of your goals, whether it’s hype or utility, BONK and PENGU are worth keeping an eye on, as the ongoing cryptocurrency presale is setting the agenda for 2025.