The total market cap of memecoins rose to $79.3 billion in July, led by a 46.86% gain in the Bonk token and big gains from the other major coins, including Dogecoin, Gigachad, and Pengu, and more.
Most of the memecoins this week have been in the green, suggesting that the sector is once again heating up and might be ready for another run up.
Since the month’s start, the memecoin market has added over $23 billion in value, rising from $55 billion on June 30 to $79.3 billion by Friday. In the last 30 days, the total memecoin market cap has been boosted by 47.98% according to CoinMarketCap data.
Trade showed that memecoin trading volumes climbed in July, hitting a peak of just over $18.81 billion in 24‑hour volume on Friday. The second‑largest daily figure in the past month, $17.09 billion, came earlier on Saturday, showing growing interest in these tokens.
Several of the main tokens also posted gains in recent days. Dogecoin, Shiba Inu, and Pepe all rose, but each recorded smaller moves on the weekly time frame compared to other coins.
Floki marked a 37% jump over the week, the Pudgy Penguins (PENGU) token climbed by 38.33%, and Bonk topped the list with a 48.51% surge over the week.
Nevertheless, Dogecoin is still leading all memecoins on the daily run. Today, its price increased by over 15%. Among known coins, Gigachad was second at 14% increase in the last 24 hours.Â
The Bonk token’s run owes much to LetsBonk, a Solana‑based memecoin launchpad backed by the same community. On July 7, LetsBonk overtook Pump.fun as the most active Solana launchpad by 24‑hour volume, shifting the rankings across the network.
Data from DefiLlama reveals that in the past 7 days, LetsBonk logged $8.66 million in protocol revenue, much higher than Pump.fun’s $5.24 million. This strong take highlights rising activity on Solana, even as other blockchains develop similar offerings.
While action on Solana has helped push memecoin values higher, this rise also reflects higher use across the Solana network. Gains may also reflect a wider upswing in Ethereum prices. Ethereum is priced at $3,655.30 at press time, up 23.46% in the last 5 days.
Crypto market rose by 1.99% in Q1, 2025
Looking at the overall market, a Binance Research report found that total crypto capitalization rose by 1.99% in the first half of 2025. Though modest compared with past boom periods, this rise points to caution in investors amid persistent economic uncertainty.
The report noted a clear split between the previous performance. In Q1 2025, the market fell by 18.61%, weighed down by lingering bearish sentiment from a long correction that began in late 2022 and ran into 2023, tighter venture capital funding, and doubts over the pace of global economic recovery.
In contrast, Q2 2025 saw a swift rebound, with the market climbing 25.32%. This jump not only recovered the losses from the first quarter but also brought fresh optimism to the crypto industry as a whole.
Analysts point to two main factors behind the second‑quarter bounce. First, a pause in U.S. interest rate hikes helped steady the financial outlook and encouraged capital to flow back into higher‑risk assets, including cryptocurrencies.
Second, progress on key blockchain infrastructure projects supported the upswing. Many Layer‑2 scaling solutions made technical gains and attracted more users, while work to tie real‑world assets to tokens and to bring AI into decentralized finance advanced, setting the stage for new investment.
Still, the overall 1.99% rise during the first six months of 2025 shows the market has moved past the fear‑of‑missing‑out mindset of earlier bull runs. Instead, investors are now taking a careful view, digging into each project’s plan and real cash‑flow prospects.
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Source: https://www.cryptopolitan.com/memecoin-market-is-heating-up/
