Bonk (BONK), Pudgy Penguins (PENGU), and Snek (SNEK) Lead Memecoin Frenzy: Who’s Winning the Hype Race?
The memecoin circus is back—and this time, Bonk, Pudgy Penguins, and Snek are stealing the spotlight. Forget fundamentals; these tokens are riding sheer viral momentum. Here’s the breakdown.
Bonk (BONK): The Solana Underdog Gone Wild
Originally dismissed as a joke, Bonk’s now flipping skeptics into bag-holders. Solana’s low fees and high-speed trades turned it into a playground for degens. No utility? No problem—just keep printing those memes.
Pudgy Penguins (PENGU): NFTs Meet Token Mania
Pudgy Penguins leveraged its NFT clout to launch a token, because why not? The community’s eating it up, proving that branding beats whitepapers every time. Cute penguins > boring roadmaps.
Snek (SNEK): The Dark Horse Slithering Up
Snek’s rise is the epitome of ‘buy the rumor, sell the news.’ No major exchanges? No hype? Doesn’t matter—when crypto Twitter gets bored, even a snake can moon.
The Bottom Line
Memecoins are the casino chips of crypto—volatile, irrational, and occasionally life-changing. Just remember: when the music stops, someone’s left holding a bag of cartoon animals and internet jokes. Happy trading, and may the odds (or memes) be ever in your favor.
$BONK now 4th biggest memecoin
Source: TradingView
$BONK, the number one memecoin for the solana network, has now moved into 4th place for the memecoins as a category, with just Dogecoin, Shiba Inu, and Pepe ahead of it.
As can be seen in the short-term chart above, $BONK is really motoring. It is up around 10% for the day so far and is up 132% since breaking out of a downtrend towards the end of June.
$BONK has just reached a resistance level now, and if it breaks through here, the targets are $0.000040, and $0.0000486.
$PENGU star of the show
Source: TradingView
Pudgy Penguins (PENGU) has been a star of the memecoin show since it broke out of its downtrend at the end of June. Since that time, a 250% price spike to the upside has resulted.
Going by Fibonacci extension levels, the 0.786 is the next target at $0.037, while the 1.618 Fibonacci extension level is at $0.073.
$SNEK surges out of downtrend
Source: TradingView
$SNEK has recently broken out of a downtrend that goes back to early December 2024, so perhaps the surge out of the breakout will be set to continue. If bitcoin continues to do its thing, memecoins like $SNEK might be expected to thrive. Horizontal resistance levels in the chart are possible targets for $SNEK going forward.
Word of caution
We are potentially entering the final stage of this bull market. The normal 4-year cycle WOULD normally draw to a close later in Q4. That said, this could be an extended bull market, and it could carry on into Q1 and even Q2 of 2026. However, nothing is certain, and when trading memecoins it’s probably best to enter at decent pullbacks, with stop losses underneath, and to take profits regularly.
Buying and holding memecoins is not for the faint of heart. It might look as if the market is just going to keep going up, but when it turns and you are stuck in a position, heavy losses can result.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
