In the fast-paced world of crypto trading, meme coins and decentralized finance (DeFi) platforms are piquing investor curiosity. Three tokens that caused a stir on Sunday are Baby Pengu, Shoggoth and Strips Finance.
While Baby Pengu saw a dramatic increase of over 331% fueled by its charming baby penguin branding, Shoggoth has grabbed attention with its unique nod to HP Lovecraft’s eerie creations – all while growing more than 126%.
Meanwhile, Strips Finance is carving out a niche in the DeFi space, providing users with a platform to hedge and speculate in interest rate derivatives.
Here’s a closer look.
Baby pengu
Baby Pengu (BABYPENGU) operates on the Base blockchain. There has been significant price volatility since December 22nd, with a notable increase of over 331% at last check on Sunday, reaching around $0.29 per token.
The token’s total supply is capped at 1 billion, with approximately 186 million tokens currently in circulation, resulting in a market cap of around $54 million, according to Coinbase.
Trading activity is primarily conducted on decentralized exchanges, with Uniswap V2 (Base) being a notable platform for BABYPENGU transactions.
The meme coin’s name and logo apparently come from an illustration of a cartoon baby penguin. See the table below.
Shoggoth
Shoggoth (SHOGGOTH) was up more than 126% at last check on Sunday.
The coin’s market cap is currently around $56.7 million.
Shoggoth is a meme token on the Solana blockchain and was named after the fictional creature…
