BONK Leads Memecoin Rally as Market Cap Surges 32%—Dogcoins Bark Louder Than Ever

Memecoins are back with a vengeance—and this time, BONK’s leading the pack. The sector’s market cap just ripped 32% higher, proving once again that crypto’s favorite joke assets refuse to die.

Why the sudden frenzy? Speculation’s running wild as traders pile into high-risk, high-reward plays. Meanwhile, Wall Street’s still trying to figure out if Bitcoin’s a ‘real asset.’ Priorities, right?

BONK’s breakout highlights memecoins’ uncanny ability to rally when least expected. Forget fundamentals—this is pure momentum trading at its finest. And love it or hate it, the market’s voting with its wallet.

So buckle up. When memes run this hot, things either go parabolic… or crash spectacularly. Either way, it’s entertainment—just don’t bet the farm unless you’re ready to laugh all the way to the bank (or the poorhouse).

In Brief

• Memecoin market cap jumped from $51B to $73B in 30 days, with trading volume rising over 170%.
• Trading peaked on July 17 with $18B in volume, showing strong and steady interest from traders.
• Dogecoin, Shiba Inu, and PEPE gained 19%, 15%, and 24%, while BONK surged 70% in one week.

Memecoin Market Soars in July

The memecoin market has seen major growth in recent weeks. Since the beginning of July, its total value has jumped from $51 billion to $73 billion by mid-month. This surge shows renewed investor and trader interest in these internet-driven tokens. Over the past 30 days, trading volume has also soared, rising more than 170%, according to market data.

That momentum peaked on July 17, when trading volume crossed $18 billion in a single day. Just days earlier, on July 11, trading activity was also strong, reaching $17.09 billion. These back-to-back spikes suggest strong and steady demand, with billions in capital flowing through the memecoin market.

Key Memecoins and Their Performance

Leading memecoins such as Dogecoin, Shiba Inu, and PEPE remain major players. Over the past week, each of these tokens gained ground. Dogecoin posted a 19% increase, while shiba inu grew by 15%. PEPE saw a stronger weekly return, rising by 24%.

Even so, these top names weren’t the week’s best performers. Other coins outpaced them by a wide margin. BONK gained 70% within the same seven-day period, while FLOKI rose 41%, and PENGU added 22%. 

Behind BONK’s surge is LetsBonk. Built on Solana, the platform helps users launch their own memecoins. The LINK to BONK has helped the token climb fast, with investor interest growing quickly in recent days.

As of July 7, LetsBonk had overtaken Pump.fun in terms of daily transaction volume. The platform’s revenue has also moved ahead. Over the last week, LetsBonk generated more than $8 million, while in the last 24 hours alone, the platform earned over $1 million.

Pump.fun, during the same time, recorded just over $4 million in seven-day revenue and $846,733 within the last day.

Crypto content creator crypto Dios noted that BONK’s performance looks similar to its breakout in early 2024. At that time, the token followed a similar trend and later surged by 250%. He believes BONK is again building momentum and could be preparing for another strong run.

LetsBonk Takes Lead, But Pump.fun Holds Strength

The battle between LetsBonk and Pump.fun is gaining steam, with each platform showing strength in different areas. From daily volumes to user activity, the numbers reveal a fierce rivalry in the memecoin launch space.

So far, here’s what the figures are saying:

• LetsBonk now leads the launchpad market share with 54.8%, while Pump.fun trails behind at 38%.
• In the last 24 hours, LetsBonk processed $906M in volume, outdoing Pump.fun’s $628M for the same period.
• Pump.fun pulled in $29M in 30-day revenue, maintaining solid earnings despite losing some ground.
• User activity is strongest on Pump.fun, which saw 413K traders in 24 hours, ahead of LetsBonk’s 275K.
• Liquidity remains Pump.fun’s edge, holding $512M in funds, while LetsBonk lags far behind with just $53M.

With these two platforms pushing each other, the competition could lead to even better options for users. More trading choices, faster launches, and higher liquidity are all possible outcomes. That, in turn, might keep attracting new capital into memecoins.

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