Memecoin Market Surges 48% in July Amid Trading Boom

- Memecoin market cap surges nearly 48% to $79.3 billion. - Trading volumes top $18.8 billion as Bonk, Floki, and Pudgy Penguins lead gains. On July 18, 2025, Cryptopolitan reported a significant rebound in the memecoin market. The market's total capitalization increased by 47.98% to reach $79.3 billion, driven by heightened trading activity and strong individual token performances. Trading volumes in the memecoin market exceeded $18.81 billion over a 24-hour span. Dogecoin and Gigachad posted daily gains of 15% and 14%, respectively. Meanwhile, Floki surged by 37%, Pudgy Penguins climbed by 38.33%, and Bonk led the gains with an impressive 48.51% increase over the week. Increased activity on the Solana-based launchpad LetsBonk significantly drove Bonk's momentum, as the protocol generated $8.66 million in revenue last week, surpassing its competitor Pump.fun. The success of LetsBonk reflects a growing interest in Solana-based projects, which may have contributed to sustained interest in Bonk. The wider recovery in the cryptocurrency market also played an essential role in the memecoin revival. The global crypto market capitalization grew by 1.99% in the first half of 2025, rebounding by 25.32% in Q2 after declining by 18.61% in the previous quarter. This recovery was supported by several factors, including paused U.S. interest rate hikes and advancements in blockchain infrastructure. However, according to market data from July 18 (15:09 UTC), individual token performance varied over a 24-hour period. While Dogecoin ([DOGE]) traded at $0.242 with its volume gaining 13.02% and Shiba Inu ([SHIB]) rose 4.643% to trade at $0, other major tokens saw losses. Bonk ([BONK]), despite its weekly performance, traded at $0, marking a 7.509% decrease. Similarly, Pudgy Penguins ([PENGU]) was down 4.312% to $0.03, and Pepe ([PEPE]) fell by 0.949%. This data highlights the mixed short-term movements across leading memecoin assets.