MoonPay’s Solana Push and $PENGU Rally Spark Buzz Around Snorter Token

MoonPay unveils a new liquid staking service on Solana, catering to yield-seeking investors and delivering a simple, app-based experience.

On the less mainstream side, the Pudgy Penguins token, $PENGU, exemplifies the high-flying, speculative sector of the crypto market after hitting a new all-time high of $0.046.

Will Snorter Token ($SNORT), another Solana newcomer, imitate $PENGU’s 300% monthly increase? Time for a closer look.

Fintech firm MoonPay launched a liquid staking service for Solana, offering an attractive 8.49% annual yield. With staking possible from just $1, participants receive mpSOL tokens, which generate rewards every two days.

Crucially, these tokens can be unstaked anytime with no lock-up period.

MoonPay’s staking now reaches users worldwide, except in New York and the EEA.

Especially interesting is the format – MoonPay intentionally aims to replicate the simplicity of a savings account by routing crypto rewards through a user-friendly interface, made for both novice and institutional investors.

The timing aligns with a broader yield boom on Solana. In April 2025, the total value staked briefly surpassed Ethereum’s ($53.9B vs $53.7B), and Solana currently offers roughly 8.3% staking yield, compared to Ethereum’s 3.2%.

Those returns are driving more than MoonPay’s new staking feature. The first Solana staking ETF drew $100M in assets in just 12 days when it launched at the beginning of July.

And institutional players like DeFi Development Corp and Upexi have reinforced this trend by acquiring hundreds of millions worth of $SOL in yet another variation of the increasingly popular crypto treasury strategy.

Traditional investors have more crypto options than ever, with MoonPay being the latest.

On the other end of the spectrum, $PENGU briefly touched a new all-time high price of $0.046 on July 23, supported by soaring leveraged trading activity. The token is now trading at roughly $0.04.

Derivatives open interest jumped approximately 54%, climbing from $426M to $657M within 48 hours – a clear signal of bullish sentiment.

Looking ahead, $PENGU’s price holds potential to rise toward $0.052 if momentum continues. Of course, a retreat below $0.040 could trigger a sharp pullback, possibly down to $0.029.

In other words, like most meme coins, $PENGU demonstrates the classic high-upside, high-risk dynamics of speculative digital assets.

Savvy investors might consider strategically blending these two approaches, pairing yield-generating exposures (like mpSOL) with smaller allocations to high-potential, high-risk tokens like $PENGU.

Another option? Take some of the risk out of aggressive meme coin plays with tools like Snorter Token ($SNORT).

Why waste time scrolling through X looking for hidden crypto tokens? Or on the other end of the spectrum, why wait until a token is already mainstream – and miss out on the potential early gains?

Snorter Token ($SNORT) and the Snorter Bot are designed to sniff out, snipe, and trade low-cap meme coin gems on several top blockchains like Solana, Ethereum, and Base. These low-caps could be the underground winners, Solana meme coins that trade on Telegram and go unseen by most crypto investors.

But now, the Snorter Bot lets you find them and trade them – easily.

Snorter Bot makes your token hunting easier, as it automatically sniffs and snipes blockchain newcomers, blocking coins with shady smart contracts in the process. This handy bot’s toolbox includes:

• Fast, secure swaps
• Automated sniping
• Copy trading
• Limit orders
• Honeypot detection
• Rugpull protection

It’s the best-equipped trading bot around, offering lower fees on trades (just 0.85%) and faster sniping than the competing bots of yesterday. And this is all exclusive for $SNORT token holders.

The presale’s generating major buzz already, with $2.3M raised so far. The project is set to launch no later than October 31, so now’s the time to get in early. Token prices are still going up, but you could get $SNORT for just $0.0991 today.

The launch of user-friendly, yield-bearing products such as MoonPay’s $SOL staking reflects a maturing crypto ecosystem, attracting both retail savers and institutions.

And thanks to growing attention flowing into the Solana ecosystem, tokens like $PENGU continue to draw speculative flows – and $SNORT makes finding winners easier than ever.

As always, do your own research before investing – this isn’t financial advice.

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.