Memecoin market cap grows 29% in July

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 (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) have shown remarkable growth in the last seven days. 

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