The Solana memecoin $BONK has recently surpassed $FTM in market capitalization, reclaiming its position as the leading memecoin on the Solana blockchain. Following this, $BONK also flipped $PENGU, solidifying its status as the number one Solana memecoin once again. As of December 28, $BONK's market cap was reported to be approximately $2.17 billion, with a trading volume of $446 million. Meanwhile, $PENGU has gained traction, reaching a market cap of $2.19 billion and achieving over 550,000 holders. The token's initial trading saw a significant price drop from $0.055 to $0.023, reflecting early sell-offs, but it has since garnered a loyal community with various giveaways and incentives for holders. The growing popularity of both tokens highlights the competitive landscape of memecoins within the Solana ecosystem.