A major Bonk Inu ($BONK) whale made headlines this week after offloading nearly 285 million $BONK tokens, valued just under $10,000, to Binance and MEXC. The sale followed Pudgy Penguins ($PENGU) briefly overtaking $BONK as Solana’s top memecoin on July 24, according to Cryptopolitan.
The same trader quickly redirected funds through a secondary wallet to purchase Solfart ($SOLF), a new Solana-Ethereum hybrid memecoin, which launched its presale on July 25 via solfart.io. Touted as the “GameStop of Crypto,” $SOLF raised $48,000 in under 36 hours, with investors contributing an average of $1,000 each.
BONK and PENGU: Competing for Memecoin Dominance
Despite a recent dip, Bonk Inu remains a strong presence in Solana’s memecoin scene. As of July 29, $BONK is trading at $0.00003399 with a $2.74 billion market cap, buoyed by ETF speculation, an aggressive token burn, and deep integration in Solana DeFi tools like BonkSwap and BonkBot. Its trading volume jumped 115.5% in 24 hours, reaching $1.54 billion, although prices fell 4.6% on the day and 6.6% over the week.
Meanwhile, Pudgy Penguins ($PENGU) surged to the top spot after a 300% rally since June, powered by a spike in NFT trading and hype around the Pudgy Party game. With a price of $0.04067 and a $1.8 billion market cap, $PENGU hit a new ATH of $0.044, supported by strong traction in South Korean markets and Binance’s removal of its Seed Tag on July 21.
Why the Whale Bet on Solfart
The whale’s move toward Solfart ($SOLF) highlights growing investor appetite for new, high-liquidity presale tokens. Solfart, with over 42% of presale funds allocated to liquidity, far surpasses $BONK’s 5% and $PENGU’s sub-20% rates.
Analysts believe $SOLF could yield 25x to 250x returns, fueled by its deflationary model, community engagement, and a launch strategy inspired by the 2021 GameStop rally.
Aiming for a Top 75 or even Top 50 debut by market cap, Solfart is backed by veteran crypto developers and a clear anti-whale structure—founders hold tokens on the same terms as presale buyers, with no early cash-outs allowed.
Outlook
As memecoins continue to reshape retail investor trends, the $BONK whale’s pivot may signal a broader shift toward community-first, liquidity-heavy tokens. While $BONK and $PENGU continue to dominate headlines, $SOLF’s explosive presale and viral branding could make it the breakout token of 2025.
