Memecoin Market Cap Surges 29% in July as Bonk Leads Rally
The Memecoin sector added nearly $ 17 billion in tokens assessments since early July, going to $ 72 billion on Thursday, up 29% compared to its market capitalization of $ 55 billion on June 30.
Coinmarketcap data has shown that July has experienced greater negotiation volumes for the same as the previous month, the area of negotiations in the 24 -hour sector culminating on Thursday at more than $ 18 billion. Its second highest commercial volume in the last 30 days was $ 17.09 billion on Saturday.
Many highest memes like Dogecoin (Doge), Shiba Inu (Shib) and Pepe (PEPE) have shown remarkable growth in the last seven days.
However, the biggest winners of the week were Floki (Floki), who showed an increase of 45%, of basswood penguins (Pengu) with a gain of 58%and the Bonk (Bonk), with the largest gain of 72%.
LetsBonk Double Pump.
Bonk’s explosive growth can be attributed to the traction acquired by a solanchpad Solana memecoin supported by Bonk called LetsBonk.
On July 7, LetsBonk exceeded the reigning pump of Solana Memecoin Launchpad.
The more recent data from Defilma show that over the past seven days, LetsBonk has gained a protocol turnover of $ 8.25 million, exceeding $ 4.91 million in Pump.
The data from the decentralized exchange aggregator (DEX) Jupiter show that in the last 24 hours, LetsBonk had a market share of 51.9%, while Pump.fun had 39.5%. It also shows that the volume of Launchpad reached $ 838 million, beating the $ 638 million in Pump.
While LetsBonk wins the field, the pump. Defillama data show that the same platform remains the first 30-day protocol income launch paver, winning nearly $ 29 million.
Meanwhile, Jupiter’s data also show that in terms of merchants 24 hours a day, Pump.fun remains dominant.
The platform recorded 413,000 merchants, while LetsBonk had 275,000. Liquidity in the pump.
In relation: Trump Memecoins should be unlocked in the midst of the votes of the “Crypto week”
Ethereum overvoltage spills over the same
Although Solana-based activity has influenced the overall overall overvoltage of the wider market, the recent summits of Ethereum may also have contributed to the same.
At the time of writing the editorial staff, Ether (ETH) exchanged more than $ 3,400, increasing by more than 22% last week.
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