Bonk Memecoin’s 72% Surge May Influence Memecoin Market Cap Growth Amid Launchpad Competition
2025-07-17 09:34:55
Main Idea
Bonk memecoin's 72% surge and the rise of LetsBonk launchpad have significantly influenced the memecoin market cap growth, reshaping Solana's memecoin ecosystem.
Key Points
1. Memecoin market cap reached $72 billion in July, driven by Bonk's 72% surge and LetsBonk launchpad's success.
2. LetsBonk overtook Pump.fun in 24-hour trading volume, generating $8.25 million in protocol revenue compared to Pump.fun's $4.91 million.
3. LetsBonk commanded a 51.9% market share in the last 24 hours, with a trading volume of $838 million, surpassing Pump.fun's $638 million.
4. Ethereum's rally, with ETH climbing over 22% in the past week, provided additional support to the memecoin market.
5. The memecoin market's growth reflects a dynamic and rapidly evolving ecosystem, with Solana-based launchpads gaining prominence.
Description
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