What’s up, folks? The memecoin market is on fire! 🔥 It’s added a whopping $17 billion in token valuations since the start of July. That’s a 29% surge, baby! 🚀 We’re talking $72 billion, up from $55 billion on June 30. That’s a whole lotta moolah! 💸
CoinMarketCap data shows that July has been a wild ride for memecoins, with trading volumes going through the roof! 🚀 The sector’s 24-hour trading volume peaked at over $18 billion on Thursday. And let me tell you, that’s a lot of trading! 🤯 Its second-highest trading volume in the last 30 days was $17.09 billion on Saturday. Not too shabby! 😎
Now, I know what you’re thinking. Which memecoins are leading the charge? 🤔 Well, it’s the usual suspects: Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE). They’re all showing remarkable growth in the last seven days. 🚀 But the biggest gainers? That’s where things get really interesting! 🤔
Floki (FLOKI) showed a 45% increase, Pudgy Penguins (PENGU) token with a 58% gain, and the Bonk (BONK) with the largest gain of 72%! 🚀 That’s right, folks, Bonk is on fire! 🔥
LetsBonk: The New Kid on the Block 🤖
So, what’s behind Bonk’s explosive growth? 🤔 Well, it’s all about LetsBonk, a Bonk-backed Solana memecoin launchpad. 🚀 It’s been gaining traction and shaking up the launchpad rankings on the network. 💥 On July 7, LetsBonk surpassed Solana’s reigning memecoin launchpad Pump.fun in 24-hour volume. That’s right, folks, LetsBonk is the new kid on the block! 🤖
And the numbers don’t lie! 📊 DefiLlama data shows that in the last seven days, LetsBonk gained a protocol revenue of $8.25 million, surpassing Pump.fun’s $4.91 million. 🚀 That’s a whole lotta revenue! 💸
But wait, there’s more! 🤔 Data from decentralized exchange (DEX) aggregator Jupiter shows that in the last 24 hours, LetsBonk had a market share of 51.9%, while Pump.fun had 39.5%. 📊 And the launchpad’s volume reached $838 million, beating Pump.fun’s $638 million. That’s right, folks, LetsBonk is on top! 🚀
Now, I know what you’re thinking. Is Pump.fun still relevant? 🤔 Well, yes and no! 😂 While LetsBonk is gaining traction, Pump.fun remains dominant in other aspects. DefiLlama data shows that the memecoin platform remains the top launchpad in 30-day protocol revenue, earning nearly $29 million. 🚀 That’s a whole lotta revenue! 💸
And let’s not forget about liquidity! 💧 Jupiter data shows that in terms of 24-hour traders, Pump.fun remains dominant. 📊 The platform recorded 413,000 traders, while LetsBonk had 275,000. And liquidity in Pump.fun was almost 10 times more than LetsBonk, reaching $510 million, while LetsBonk had $53 million. That’s a whole lotta liquidity! 💸
Ethereum: The Unsung Hero 🦸♂️
Now, I know what you’re thinking. What about Ethereum? 🤔 Well, let me tell you, Ethereum’s recent highs may have also contributed to memecoin gains. 🚀 At the time of writing, Ether (ETH) traded at more than $3,400, surging by over 22% in the last week. That’s right, folks, Ethereum is on fire! 🔥
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2025-07-17 12:38