Over the past 7 days, memecoins Mog Coin (MOG) and PENGU have been among the top performers in the memecoin sector, with significant price surges driven by broader market momentum and specific catalysts. MOG, an Ethereum-based memecoin, saw a price increase of approximately 73.2% over the last 7 days, according to CoinGecko data. Its current price is around $0.000002 USD, with a market cap of roughly $735.10M.
The surge is attributed to heightened investor interest in memecoins, fueled by Bitcoin’s recent all-time high above $123,000, which has driven capital rotation into riskier assets like memecoins. MOG’s community-driven approach, centered around meme culture and viral content, has also contributed to its momentum. However, technical indicators like the Relative Strength Index (RSI) at 76.96 suggest MOG is in overbought territory, hinting at a potential correction if buying pressure wanes.
PENGU, a Solana-based memecoin tied to the Pudgy Penguins ecosystem, has outperformed with gains of around 80–90% over the past week, with its price reaching approximately $0.0233 as of July 11, 2025. Posts on X highlight PENGU’s strong momentum, with a 55.46% surge in the past week and a 150% increase over 30 days, driven by factors like the SEC’s acknowledgment of a PENGU ETF filing and its listing on platforms like eToro.
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The Solana memecoin sector, valued at over $12.8 billion, has seen a 12.3% surge, with PENGU leading due to its real-world backing from $13M in Pudgy Penguins toy sales and strong community engagement. Technical analysis indicates PENGU faces resistance at $0.024, but sustained bullish momentum could push it toward $0.030. While both coins have seen impressive gains, approaching 100% as you noted, their volatility and reliance on market hype and Bitcoin’s performance suggest caution.
The surge in MOG (up ~88%) and PENGU (up ~85.9%) reflects a broader speculative wave in the memecoin sector, driven by Bitcoin’s recent record highs above $123,000. This suggests capital is rotating from major cryptocurrencies into high-risk, high-reward assets like memecoins, a common pattern in bull markets where “peak greed” often emerges. Such rallies indicate heightened retail and whale investor FOMO (fear of missing out), amplified by social media hype and influencer endorsements on platforms like X.
Investors should brace for volatility. Memecoin surges are often short-lived, and overbought indicators (e.g., PENGU’s RSI at 81, MOG’s at 76.96) suggest potential corrections. Traders may benefit from quick gains but risk significant losses if momentum fades. Bitcoin’s breakout above $113,000–$122,000 has acted as a catalyst, boosting altcoins and memecoins like PENGU, MOG, Dogecoin, and others.
The Solana ecosystem, in particular, has seen a 12.3% surge in its memecoin market cap ($12.8B+), with PENGU and BONK leading. This suggests memecoins are riding Bitcoin’s coattails, benefiting from increased liquidity and market euphoria. Memecoin gains may continue as long as Bitcoin sustains its upward trajectory, but a Bitcoin pullback could trigger sharp declines in these speculative assets due to their lack of fundamental utility.
PENGU’s rally is partly fueled by the SEC’s acknowledgment of Canary Capital’s Spot PENGU ETF filing, which proposes a memecoin-NFT hybrid fund (80–95% PENGU tokens, 5–15% Pudgy Penguins NFTs). This unprecedented move could legitimize memecoins, drawing institutional capital and retail adoption if approved. PENGU’s real-world revenue ($13M from Pudgy Penguins toy sales) and brand expansion (e.g., gaming integrations like Pudgy World) further bolster its appeal.
Approval of a PENGU ETF could set a precedent for memecoin-based financial products, potentially driving PENGU’s price toward $0.06–$0.15 by Q4 2025 (a 200–600% upside). However, regulatory uncertainty remains a risk, as the SEC’s stance on memecoins is untested. Both MOG and PENGU thrive on strong community engagement and viral branding. MOG’s cat-themed meme culture and PENGU’s Pudgy Penguins ecosystem (backed by NFTs, toys, and games) demonstrate the power of storytelling in driving crypto adoption.
Major players like Coinbase and OpenSea adopting Pudgy Penguins imagery on X further amplify PENGU’s dominance. Memecoins remain a cultural phenomenon, onboarding new users through relatable branding. This could sustain interest in PENGU and MOG, but their reliance on hype makes them vulnerable to shifts in sentiment or competing narratives (e.g., new memecoins like MemeCore or SPX6900).
Analysts warn that memecoin surges often signal “peak greed,” a precursor to market corrections. MOG’s 88% weekly gain and PENGU’s 531% 30-day surge highlight speculative excess, with technical indicators like RSI signaling overbought conditions. MOG needs to hold $0.000002014 support, and PENGU must maintain $0.021 to avoid declines.
Investors should manage risk carefully, as memecoins lack intrinsic value and are prone to sharp reversals. Portfolio rebalancing and stop-loss strategies are critical in this high-volatility environment. PENGU’s success on Solana (low fees, fast transactions) contrasts with MOG’s Ethereum-based rally, highlighting competition between blockchain ecosystems. Solana’s memecoin market has outperformed, with tokens like BONK and FARTCOIN also posting double-digit gains. MOG’s surge, however, shows Ethereum-based memecoins remain competitive, possibly due to broader DeFi integration.
Solana’s dominance in memecoins could attract more projects and capital, but Ethereum’s established infrastructure may keep it relevant for tokens like MOG. Investors may diversify across both ecosystems to hedge platform-specific risks. PENGU’s real-world utility (toys, gaming, NFTs) gives it an edge over purely speculative memecoins like MOG, which relies heavily on community hype and potential influencer backing (e.g., Elon Musk’s rumored interest in cat-themed tokens). Analysts project PENGU could reach $0.10–$0.15 by Q4 2025, while MOG’s upside depends on sustaining momentum toward $0.000002354.
PENGU may offer longer-term growth potential due to its ecosystem, but MOG’s reliance on social momentum makes it riskier. Investors seeking stability might prefer projects with utility, like PENGU or emerging tokens like Remittix (RTX). The MOG and PENGU rallies underscore the memecoin sector’s volatility and cultural significance in 2025’s bull market. While PENGU’s ETF narrative and real-world backing suggest stronger fundamentals, both coins face risks from overbought conditions and market sentiment shifts.
Aethir and Credible Launch First DePIN-Powered Credit Card and Loan Facility Backed by ATH Tokens
Aethir, the decentralized physical infrastructure network (DePIN) powering distributed GPU compute, and Credible Finance announced today the launch of the first credit card and loan product backed by DePIN. The new product allows holders of ATH, the native token of Aethir’s decentralized GPU network, to access stablecoin credit without selling their holdings, using their digital assets as collateral.
With this initiative, Aethir node operators and token holders can claim a free ATH-powered credit card issued by Credible, which can be topped up with ATH tokens or stablecoins on Solana or can be used to unlock a revolving credit line against ATH tokens. Participants also gain access to Credible’s private investor portal, featuring short-term lending opportunities with yields of up to 24% APY on USDC and USDT.
Loan approvals and credit limits are determined by Credible’s AI-powered credit engine, which analyzes borrowers’ onchain activity, digital assets portfolio, including $ATH, and transaction history to generate dynamic credit scores. Combining DePIN participation and onchain data, Aethir is opening a new avenue of access to capital for users traditionally underserved by current financial systems.
As traditional DeFi lending falls short, new RWA-backed credit models are being developed to meet the needs of global businesses building from emerging markets. In Q1 2025, borrowing across decentralized lending platforms fell by $4.75 billion — a 21% drop from the previous quarter — marking the steepest pullback since 2023. The total crypto-collateralized loan market fell to $39.07 billion in open borrows, whereas the global credit gap in the SME segment from emerging markets is $5.7 trillion dollars. This downturn underscores the limitations of overcollateralized lending models and highlights the need for credit systems that reflect real onchain activity and infrastructure ownership.
This partnership brings real utility to the ATH token,” said Mark Rydon, Chief Strategy Officer and Co-founder at Aethir. “It’s the first step toward building a financial system around decentralized infrastructure. This is the first DePIN-native token being activated for real-time credit,” said Shrikant Bhalerao, CEO and Co-founder of Credible Finance. “We’re turning tokenized infrastructure into usable financial capital.
Credit card access will initially be available to GPU providers, node operators, and token holders, with plans to expand as the ecosystem grows to check eligibility, explore features, and apply. All lending services comply with regulatory standards, including KYC and AML protocols, ensuring secure and lawful access for users across decentralized ecosystems.
Aethir is the world’s largest decentralized cloud GPU network, with over 430,000 enterprise-grade GPU containers across 94 countries. The platform provides scalable, cost-efficient cloud GPU services for AI, machine learning, gaming, and rendering applications, connecting users to distributed resources through a Decentralized Physical Infrastructure Network (DePIN). By making high-performance computing more accessible and efficient, Aethir is transforming how AI and enterprise applications are powered.
Credible is the world’s first impact-driven protocol that connects stablecoin lenders with secure credit opportunities in emerging markets through regulated Non-Banking Financial Institutions (NBFIs). Since its launch just 10 months ago, Credible has processed over $16 million in USDC-denominated loans across Africa and is now expanding into Asia. The platform places a strong emphasis on building a robust investor network, offering curated deal flow, exclusive credit products such as specialized crypto-backed credit cards, and access to premium events.