The crypto market is experiencing a wave of interest, focusing on three projects: Solana, Pudgy Penguins, and BlockDAG. Each develops a unique approach and attracts attention from both institutional and retail investors.
Solana Prices and Institutional Purchases
The price of **Solana (SOL)** dipped to $148 this week after reaching $154, but institutional support continues to form a solid foundation. One major headline was **DeFi Dev Corp's** acquisition of 65,305 SOL, increasing their total holdings to 317,273 SOL, valued at approximately $47.6 million. This transaction includes staked SOL sourced through BitGo's OTC desk, highlighting the developing infrastructure around Solana's ecosystem.
The Surge of Pudgy Penguins and PENGU
Pudgy Penguins is rewriting the game rules by turning its Ethereum-based NFT collection into real cryptocurrency with the launch of the **PENGU** token on the Solana blockchain. This week, PENGU surged over 40%, pushing its market cap beyond $560 million, with trading volume exceeding $260 million in just 24 hours. The rapid growth of PENGU is attributed to a unique combination of meme appeal and real-world crossover success, attracting both crypto-native users and the broader retail audience.
BlockDAG: New Strategy and Incentives for Buyers
**BlockDAG** is making its biggest presale statement yet by rolling back its price to $0.0025, designed to draw in fresh buyers before listings begin. This rollback represents a 90% discount from the previous price and will be live until April 29. Since launching, BlockDAG has raised over $218.5 million and sold 19.3 billion coins, rewarding early buyers with high returns.
All three projects - Solana, Pudgy Penguins, and BlockDAG - are encountering a reenergized interest from the community and investors. Solana shows significant institutional interest, while Pudgy Penguins injects new momentum into the meme coin world, and BlockDAG offers unique opportunities to buyers amidst the buzzing news.
