Risk on, BONK out? Is PEPE gearing up to lead the next cycle?

Key Points

1. BONK has shown strong performance with a 30% monthly gain, while PEPE has lagged behind despite a recent 11% rise in 72 hours.

2. BONK's late June to early July rally saw a near 90% increase, breaking key resistance levels, while PEPE only managed a 30% bounce from its low.

3. BONK's on-chain momentum surged with daily active addresses up 180% and new wallet creation up 140% week-over-week, while PEPE struggled to attract similar interest.

4. PEPE has shown signs of a potential comeback, with new addresses increasing and total holders reaching an all-time high of 11.42 million.

5. With BONK stalling at resistance levels, the article questions whether PEPE can capitalize on the next rotation of risk capital.