Memecoin Market Cap Hits $72B as Bonk, LetsBonk Lead Surge

Memecoin Market Hits $72 Billion After July Surge

The memecoin sector continues its meteoric rise, adding nearly $17 billion in value since July 1. According to CoinMarketCap, the market cap for meme tokens now stands at $72 billion, up from $55 billion at the end of June — a 29% increase in just over two weeks.

July also brought a spike in trading activity, with daily volumes surpassing $18 billion on Thursday, marking the month’s highest level. The previous peak was $17.09 billion, recorded on Saturday.

Top Memecoins Rally: Bonk, Floki, and Pudgy Penguins Lead Gains

Major memecoins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) posted strong performance in the past week. However, the biggest winners were:

• Bonk (BONK) — +72%

• Pudgy Penguins (PENGU) — +58%

• Floki (FLOKI) — +45%

Bonk’s rally stands out as the largest percentage gain, fueled by the success of its affiliated Solana memecoin launchpad, LetsBonk.

Memecoin market capitalization and volume. Source: CoinMarketCap

LetsBonk vs. Pump.fun: Solana Launchpad Wars Heat Up

Bonk’s explosive growth coincides with the rapid rise of LetsBonk, a memecoin launchpad built on Solana. On July 7, LetsBonk surpassed Pump.fun in 24-hour volume, a significant shift in Solana’s memecoin ecosystem.

Key Stats (Last 7 Days):

• LetsBonk Protocol Revenue: $8.25M

• Pump.fun Protocol Revenue: $4.91M

• LetsBonk 24H Volume: $838M

• Pump.fun 24H Volume: $638M

Jupiter’s DEX data shows LetsBonk captured 51.9% market share, compared to Pump.fun’s 39.5%.

Protocol revenue rankings in decentralized finance. Source: DefiLlama

Despite LetsBonk’s momentum, Pump.fun remains dominant in long-term metrics:

• 30-Day Protocol Revenue: ~$29M

• 24H Trader Count: Pump.fun (413,000) vs. LetsBonk (275,000)

• Liquidity: Pump.fun ($510M) vs. LetsBonk ($53M)

Ethereum Rally Adds Fuel to the Fire

While Solana activity drives much of the memecoin market’s recent growth, Ethereum’s strong price action has also contributed. ETH surged 22% in the past week, breaking above $3,400, creating a broader risk-on sentiment across the altcoin market.

The Bottom Line

With market cap up 29% in July, memecoins are showing resilience and renewed investor interest. Bonk and LetsBonk are leading the charge on Solana, while Ethereum’s rally supports a bullish backdrop for the entire sector.

However, the competitive launchpad landscape signals that sustainability will depend on innovation and liquidity, not just hype.

Related: 14-Year Bitcoin Whale Moves $4.7B After Galaxy Transfer