Key Takeaways:
- BONK surged almost 150% in July, pushed by the success of the LetsBonk.enjoyable launchpad and a shift in dealer sentiment away from Pump.Enjoyable.
- DOGE and FLOKI additionally rallied, gaining 50% and 80% respectively, as meme cash returned to the highlight alongside broader market exercise.
- Regardless of sturdy momentum, dangers stay excessive, with worth motion closely influenced by neighborhood hype, influencer help, and launchpad dynamics.
In July, the meme coin market got here again to life, fueled partly by the rise of Pudgy Penguins (PENGU). Some crypto merchants have even began speaking a few potential meme coin supercycle.
Pudgy Penguins is a comparatively new participant, launched in late 2024. However among the many high 10 meme cash by market cap, it’s the older names like Dogecoin (DOGE), Bonk (BONK), and Floki (FLOKI) which have proven the strongest worth efficiency. What’s driving the rally?
BONK Worth Jumps Practically 150% in July
BONK has turn out to be probably the most talked-about meme cash this summer time. The surge started with the April launch of the LetsBonk.enjoyable launchpad. Inside a couple of months, the platform emerged as a severe competitor to Pump.Enjoyable. Whereas some consider it’s simply hype, quantity, and different on-chain information recommend merchants are certainly shifting towards the BONK ecosystem.
Some token migrations from Pump.Enjoyable to LetsBonk.enjoyable have already begun. Howdy Kitty (KITTY) was one of many first to announce the transfer.
KITTY
BONK Migration
Explaining the incoming $kitty migration:
The way it works, what to anticipate, and why we expect it’s a significant win.pic.twitter.com/FaJ1zOewz6
— Followers Howdy Kitty
(@HKittyOnSol) July 28, 2025
The weak efficiency of the PUMP token and the perceived lack of effort from its staff have additionally broken Pump.Enjoyable’s status. In the meantime, LetsBonk.enjoyable seems extra “user-friendly,” providing buybacks for its high meme cash by market cap.
win and assist win
we have now simply purchased 89 $SOL of every of the highest 11 tokens on BONKfun, that means a complete of 979 $SOL was spent shopping for again high pairs based mostly on each market cap + neighborhood engagement stats.
tokens included:
$Ineffective$Ani$Kori
$Memecoin$Nyla$Hosico$Debt…— letsBONK.enjoyable (@bonk_fun) July 27, 2025
Because of this, BONK — certainly one of Solana’s older meme cash — has began gaining momentum once more, due to its affiliation with the launchpad. Influencer Unipics, often known as the “BONK Man,” has turn out to be one of many ecosystem’s key promoters. He presently helps Ineffective Coin (USELESS), the biggest by market cap amongst BONK-based tokens, however continues to focus on BONK as effectively.
what would occur to $BONK if it had been to get an ETF, given the present backdrop and its sturdy fundamentals?
many proceed to neglect that BONK is likely one of the only a few memecoins with an ETF submitting submitted to the US SEC
think about establishments lastly getting the possibility to purchase the…— Unipcs (aka 'Bonk Man')
(@theunipcs) July 24, 2025
Nonetheless, dangers stay. BONK is presently using bullish sentiment, however its long-term prospects rely on the success of the launchpad and its potential to compete. If PENGU, a present market favourite, continues to rally, liquidity may rotate out of BONK.
$50M of $BONK bought by galaxy to unwind and now almost fully absorbed by market
Pengu suspects doubtless a fund who was pressured to liquidate positions to cowl losses or shut the fund$BONK will be slowed however $BONK new ATH is inevitable https://t.co/eaMQH0fhGY— Kadense Pengu°
(@iamkadense) July 28, 2025
Is DOGE Worth Lastly Breaking Out?
Dogecoin is the unique meme coin and stays probably the most recognizable within the sector. Elon Musk’s favourite token remained principally flat all through 2024, however didn’t lose a lot floor both. In July, nonetheless, DOGE worth gained almost 50% over the previous 30 days — a sample much like the March–April interval earlier this yr.
DOGE nonetheless has one of many strongest communities in crypto and advantages from its standing. What’s unclear is the precise set off behind this rally — whether or not it’s merely a broader shift in sentiment or a response to the broader meme coin surge.
Well-known meme coin dealer Marcell not too long ago added DOGE to his watchlist, which already consists of Floki, one other older meme coin that’s additionally trending in July.
It will most likely be my greatest name ever
Purpose for #USELESS is 5-10 billion atleast $DOGE $FLOKI$PEPE$SHIBA$WIF #FARTCOIN
And so on all went from 2 billion to 88 billion in a lot worse instances $BTC is at ATHs and the entire crypto market goes to go in an enormous euphoric run… pic.twitter.com/IlSnT8rVAX— Marcell (@MarcellxMarcell) July 28, 2025
Dealer Cas Abbé additionally pointed to DOGE’s weekly MACD, which not too long ago made a bullish crossover — a sign that beforehand led to cost will increase.
$DOGE weekly MACD bullish cross has occurred.
In This autumn 2023, DOGE pumped 250% after a bullish cross.
In This autumn 2024, DOGE pumped 200% after a bullish cross.
To this point, DOGE has pumped 30% after the golden cross which suggests greater strikes are but to return.
And what'll occur throughout that?… pic.twitter.com/AwljY7kTSn— Cas Abbé (@cas_abbe) July 23, 2025
Is FLOKI Driving the BNB Wave?
FLOKI, one other veteran meme coin, is a part of the BNB Chain ecosystem. It surged by round 80% in July alone. Like many meme cash, it has a loyal neighborhood, however some consider it’s additionally using the success of BNB itself, which hit a brand new all-time excessive above $850 on July 28 — up roughly 30% for the month.
FLOKI’s worth motion hasn’t been as aggressive as BONK’s, which can make it extra interesting to merchants on the lookout for upside. Many see the $0.00035 degree as key resistance. FLOKI presently trades close to $0.00013.
$BTC vs. $BNB vs. $FLOKI pic.twitter.com/TDZJVQJtty
— Cryptollica
(@Cryptollica) July 27, 2025
Unipics has additionally backed FLOKI. Whereas which may be a inexperienced flag for some, it’s necessary to recollect the dangers. Meme cash usually lack actual utility and infrequently depend on neighborhood energy and model recognition. Standard merchants will help enhance visibility, however they don’t management long-term efficiency. If costs fall, the identical communities could rush to exit.
$floki is arguably probably the most ignored and underrated memecoin on CT
and apart from @Bluntz_Capital, @MacroCRG, @ColdBloodShill, and @honey_xbt (all of whom, paradoxically, have a observe file of taking non-consensus trades on CT and successful constantly), I not often see anybody speaking… pic.twitter.com/HBbjyD5Ixn— Unipcs (aka 'Bonk Man')
Remaining Ideas
Meme cash usually lead the market throughout speculative rallies, however buying and selling them comes with excessive danger. Traders ought to do their very own analysis and overview charts earlier than leaping in. These tokens stay among the many most divisive in crypto — with some arguing they entice liquidity and others claiming they injury the business’s status. Solana founder Anatoly Yakovenko not too long ago known as meme cash “digital slop” throughout a debate on X. Nevertheless, their potential to drive income to blockchains is tough to disregard.
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