The memecoin market cap has surged 29% since June 30, reaching $72 billion as of Thursday. This sharp increase adds nearly $17 billion in value in just two weeks, according to CoinMarketCap data.
The rally is fueled by soaring trading volumes, with the sector peaking at over $18 billion in daily volume on Thursday, its highest in a month. Standout performers include Bonk (BONK) with a 72% weekly gain, followed by Pudgy Penguins (PENGU) at 58%, and Floki (FLOKI) at 45%.
???? Memecoin market cap jumps 29% in July, reaching $72B$BONK surges +72%, fueled by the rise of LetsBonk beating https://t.co/Lt5RcNbw8X in 7D revenue ($8.25M vs $4.91M)
Volume peaked at $18B/day, with $PENGU, $FLOKI & $BONK leading the gainshttps://t.co/c7P1iMSYDP pic.twitter.com/bSpTQppAOf— Adaminssane.ink AA ⌘????️ (@Adaminssane) July 17, 2025
LetsBonk outpaces Pump.fun in volume and revenue
Driving BONK’s meteoric rise is the rapid success of LetsBonk, a new Solana-based memecoin launchpad. On July 7, LetsBonk overtook Pump.fun in 24-hour volume, marking a key moment in Solana’s memecoin race.
According to DefiLlama, LetsBonk generated $8.25 million in protocol revenue over the past week more than double Pump.fun’s $4.91 million. DEX aggregator Jupiter reported that LetsBonk held 51.9% market share in 24h launchpad volume, with $838 million in trades, compared to Pump.fun’s $638 million.
Despite the surge, Pump.fun remains the leader in other metrics. It still leads in 30-day revenue ($29M), daily active traders (413K), and liquidity ($510M) far above LetsBonk’s 275K traders and $53M liquidity.
Ethereum’s rally adds momentum
While Solana activity dominates the memecoin launchpad scene, Ethereum’s recent strength is also contributing to the broader meme rally. ETH surged over 22% this week, breaking above $3,400, which analysts say likely spilled over into speculative token buying.
With record volumes and rising ecosystem competition, July has become one of the most active months in memecoin history driven by retail energy, launchpad wars, and macro crypto momentum.