In the fast-paced world of crypto trading, meme coin and decentralized finance (DeFi) platforms are arousing curiosity among investors. Three tokens that made waves 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 brand, Shoggoth attracted attention with its unique nod to HP Lovecraft’s strange creations, all while riding a wave growth of more than 126%.
Meanwhile, Strips Finance is carving out a niche in the DeFi space, offering a platform for users to hedge and speculate on interest rate derivatives.
Here’s a closer look.
Baby Penguin
Baby Pengu (BABYPENGU) runs on the Base blockchain. As of December 22, it has seen significant price volatility, with a notable increase of over 331% at last check on Sunday, reaching around $0.29 per token.
The total token supply is capped at 1 billion, with approximately 186 million tokens currently in circulation, corresponding to a market cap of approximately $54 million, according to Coinbase.
Trading activity is primarily conducted on decentralized exchanges, with Uniswap V2 (Base) being a notable platform for BABYPENGU trading.
The meme coin apparently gets its name and logo from the illustration of a cartoon baby penguin. See the table below.
Shoggoth
Shoggoth (SHOGGOTH) is up over 126% at last check on Sunday.
The coin’s market capitalization currently hovers around $56.7 million.
A meme token on the Solana blockchain, Shoggoth is named after the fictional creature found in the stories of author HP Lovecraft. It was first launched on the Pumpfun platform and has a circulating supply of 1 billion tokens.
Shoggoth actively trades on decentralized exchanges like Raydium, and as of December 22, its daily trading volume was around $6,340.
Despite its niche appeal and satirical undertones, Shoggoth has seemingly captured the imagination of crypto traders. See the table below.
Band funding
Strips Finance (STRP) is a decentralized platform focused on interest rate derivatives, allowing users to hedge and speculate on interest rate movements.
Operating on the Arbitrum and Binance Smart Chain (BSC) networks, Strips Finance offers decentralized exchange services for interest rate swaps and fixed income products.
Its native token, STRP, is up more than 81% at last check on Sunday. It is currently trading around $1.03, with a market cap just below $33 million and a circulating supply of 30 million tokens.
STRP can be traded on exchanges such as Sushiswap and Gate.io, with the STRP/USDC.E pair seeing the most activity.
