Memecoin Market Cap Jumps 29% in July

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Memecoin market cap hits $72B in July, driven by the Bonk memecoin’s 72% surge and LetsBonk launchpad’s rise.

The memecoin sector has added almost $17 billion in token valuations since the start of July, surging to $72 billion as of Thursday, up 29% from its $55 billion market cap on June 30. 

CoinMarketCap data showed that July has seen bigger trading volumes for memecoins than the previous month, with the sector’s 24-hour trading volume peaking at over $18 billion on Thursday. Its second-highest trading volume in the last 30 days was $17.09 billion on Saturday. 

Many of the top memecoins like Dogecoin, Shiba Inu and Pepe have shown remarkable growth in the last seven days. 

Still, the biggest gainers for the week were Floki, which showed a 45% increase, Pudgy Penguins (PENGU) token with a 58% gain and the Bonk (BONK), with the largest gain of 72%. 


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