In the last 30 days, the memecoin market has significantly increased, reflecting growing interest from traders and investors.
Rapid Growth of the Memecoin Market
The memecoin market has seen significant growth in recent weeks. Since the beginning of July, its total value has jumped from $51 billion to $73 billion by mid-month. According to CoinMarketCap, trading volume has increased by more than 170%.
Key Memecoins and Their Performance
Leading memecoins, such as Dogecoin, Shiba Inu, and PEPE, continue to be major players. Over the past week, Dogecoin saw a 19% increase, Shiba Inu grew by 15%, and PEPE surged by 24%. However, the top performer was BONK, which gained 70% in the same period.
Competition Between LetsBonk and Pump.fun Platforms
The rivalry between LetsBonk and Pump.fun is heating up. LetsBonk currently holds 54.8% of the market share, while Pump.fun holds 38%. In the last 24 hours, LetsBonk processed $906 million in trading volume, outperforming Pump.fun's $628 million.
Thus, the growth of the memecoin market and high trading activity indicate the potential for continued interest and investments in this area.
