Memecoin market cap grows 29% in July
2025-07-17 09:38:19
Main Idea
The memecoin market capitalization grew by 29% in July, reaching $72 billion, driven by significant gains in coins like Bonk, Floki, and Pudgy Penguins, with Bonk's surge linked to the success of the LetsBonk launchpad.
Key Points
1. Memecoin market cap increased to $72 billion in July, up 29% from $55 billion at the end of June.
2. Bonk memecoin surged by 72%, Floki by 45%, and Pudgy Penguins (PENGU) by 58% during the week.
3. LetsBonk, a Bonk-backed Solana memecoin launchpad, surpassed Pump.fun in 24-hour volume and 7-day revenue, earning $8.25 million compared to Pump.fun's $4.91 million.
4. LetsBonk had a 51.9% market share in DEX aggregator Jupiter's 24-hour volume, while Pump.fun had 39.5%.
5. Pump.fun remained dominant in 30-day protocol revenue ($29 million) and had higher liquidity ($510 million vs. LetsBonk's $53 million) and more traders (413,000 vs. 275,000).
Description
Memecoin market cap hits $72B in July, driven by the Bonk memecoin’s 72% surge and LetsBonk launchpad’s rise.
Latest News
- Trump’s court pick would bring crypto baggage to the bench2025-07-17 23:22:32
- US to investigate Brazil’s digital payment system2025-07-17 23:07:28
- Canary Capital bets on Injective with staked ETF filing2025-07-17 22:31:05
- 300% DOGE price rally expected if this key price level is reclaimed2025-07-17 22:28:30
- Wall Street piles into Ethereum as stablecoins are greenlit and RWAs expand2025-07-17 21:40:16