IPA: //ˌpæn.əˈdʒɪr.ɪ.kli//
KK: /pænəˈdʒɪrɪkli/
In a way that expresses great admiration or praise, often in a formal or elaborate manner.
The speaker spoke panegyrically about the achievements of the award winner.
Panegyrically → It is formed from "panegyris" (from Greek "panegyris", meaning a public assembly or festival) and the suffix "-ically" (meaning in a manner). The word "panegyrically" means in a manner that praises or celebrates, often in a formal or elaborate way.
Think of a public celebration ('panegyris') where people speak highly of someone — that's how you remember that 'panegyrically' means to praise in a formal way.