A wave of renewed optimism in the broader crypto market has reignited interest in meme coins, with trading volume in the sector jumping 60% in the past 24 hours. Leading the charge is Pudgy Penguins (PENGU), which has soared 17% today, making it the top-performing crypto asset in the market. PENGU Breaks Out of Slump as Bulls Return PENGU’s price has struggled to gain meaningful traction recently. Its lackluster performance dampened investor sentiment and triggered a spike in short positions
source: https://beincrypto.com/pengu-price-skyrockets-as-volume-soars/