Pesto Meme Token Soars 660% in 2 Hours, Market Value Hits $1.7 Million

According to market data reported on September 24, the market capitalization of the Meme token PESTO (Pesto The Baby King Penguin) on the Ethereum blockchain has surpassed $1.7 million. Remarkably, PESTO’s valuation surged by 660% in just the past two hours, and it has increased by 157% over the last 24 hours. Currently trading at $0.000004, the token has seen a 24-hour trading volume of $1.4 million. The token owes its popularity to Pesto, a massive emperor penguin chick whose weight equals that of its parents combined, becoming a viral sensation and a prominent attraction at an Australian aquarium. Market analysts caution investors that Meme tokens generally lack intrinsic utility and are subject to extreme volatility, advising prudence in investment decisions.