Meme Coin Surge? DOGE Increases by 50%, BONK Rises 150%, FLOKI Gains 80%

Key Takeaways:

• BONK experienced a rise of nearly 150% in July, spurred by the successful launch of the LetsBonk.fun platform and a change in trader sentiment away from Pump.Fun.
• DOGE and FLOKI also saw increases, with gains of 50% and 80% respectively, as meme coins regained attention alongside broader market movements.
• Despite the strong upward trend, risks remain elevated, with price fluctuations significantly affected by community enthusiasm, influencer backing, and launchpad activities.

In July, the meme coin sector revitalized, partly due to the emergence of Pudgy Penguins (PENGU). Some crypto traders have even begun discussing a possible meme coin supercycle.

Pudgy Penguins is a relatively recent entrant, having launched in late 2024. However, among the top 10 meme coins by market capitalization, it is the more established names like Dogecoin (DOGE), Bonk (BONK), and Floki (FLOKI) that have demonstrated the most robust price movements. What factors are contributing to this rally?

Source: CoinGecko

BONK Price Increases Nearly 150% in July

BONK has emerged as one of the most discussed meme coins this summer. The increase began with the April launch of the LetsBonk.fun platform. Within a few months, this platform has positioned itself as a formidable rival to Pump.Fun. While some view it as mere hype, trading volume and other on-chain metrics indicate that traders are indeed gravitating towards the BONK ecosystem.

Token migrations from Pump.Fun to LetsBonk.fun have already commenced, with Hello Kitty (KITTY) being one of the first to announce the transition.

KITTY BONK Migration
Detailing the upcoming $kitty migration:
How it operates, what to anticipate, and why we consider it a significant achievement. pic.twitter.com/FaJ1zOewz6

— Fans Hello Kitty (@HKittyOnSol) July 28, 2025

The underwhelming performance of the PUMP token and the perceived lack of initiative from its team have also tarnished Pump.Fun’s image. In contrast, LetsBonk.fun appears to be more “user-friendly,” providing buybacks for its leading meme coins by market capitalization.

win and help win
we have just acquired 89 $SOL of each of the top 11 tokens on BONKfun, totaling 979 $SOL spent on buybacks of top pairs based on both market cap and community engagement metrics.
tokens included:
$Useless$Ani$Kori
$Memecoin$Nyla$Hosico$Debt…

— letsBONK.fun (@bonk_fun) July 27, 2025

Consequently, BONK — one of Solana’s established meme coins — has begun to regain traction, aided by its connection to the launchpad. Influencer Unipics, known as the “BONK Guy,” has become a prominent advocate for the ecosystem. He currently endorses Useless Coin (USELESS), the largest by market cap among BONK-related tokens, while still promoting BONK.

what would occur with $BONK if it were to receive an ETF, considering the current environment and its solid fundamentals?
many continue to overlook that BONK is one of the few memecoins with an ETF application submitted to the US SEC
imagine institutions finally having the opportunity to acquire the…

— Unipcs (aka ‘Bonk Guy’) (@theunipcs) July 24, 2025

Nonetheless, risks persist. BONK is currently benefiting from bullish sentiment, but its long-term outlook hinges on the effectiveness of the launchpad and its competitive standing. If PENGU, a current market favorite, continues to gain, liquidity may shift away from BONK.

$50M of $BONK sold through galaxy to unwind and now nearly completely absorbed by market
Pengu suspects likely a fund who was forced to liquidate positions to cover losses or close the fund$BONK can be slowed but $BONK new ATH is inevitable https://t.co/eaMQH0fhGY

— Kadense Pengu° (@iamkadense) July 28, 2025

Is DOGE Price Finally Breaking Out?

Dogecoin is the original meme coin and remains the most recognized in the sector. Elon Musk’s preferred token remained relatively stable throughout 2024, but did not lose significant value either. In July, however, DOGE price increased by nearly 50% over the past 30 days — a trend reminiscent of the March–April period earlier this year.

Source: CoinGecko

DOGE still boasts one of the strongest communities in crypto and benefits from its established status. The precise catalyst behind this rally remains unclear — whether it is merely a broader sentiment shift or a response to the overall meme coin resurgence.

Notable meme coin trader Marcell recently included DOGE in his watchlist, which already features Floki, another established meme coin that is also gaining traction in July.

This will probably be my biggest call ever
Goal for #USELESS is 5-10 billion at least $DOGE $FLOKI$PEPE$SHIBA$WIF #FARTCOIN
Etc all went from 2 billion to 88 billion in much worse times $BTC is at ATHs and the whole crypto market is going to go in a huge euphoric run… pic.twitter.com/IlSnT8rVAX

— Marcell (@MarcellxMarcell) July 28, 2025

Trader Cas Abbé also highlighted DOGE’s weekly MACD, which recently exhibited a bullish crossover — a signal that has previously led to price increases.

$DOGE weekly MACD bullish cross has occurred.
In Q4 2023, DOGE surged 250% following a bullish cross.
In Q4 2024, DOGE rose 200% after a bullish cross.
So far, DOGE has increased 30% following the golden cross which suggests larger movements are forthcoming.
And what will happen during that?… pic.twitter.com/AwljY7kTSn

— Cas Abbé (@cas_abbe) July 23, 2025

Is FLOKI Riding the BNB Wave?

FLOKI, another long-standing meme coin, is part of the BNB Chain ecosystem. It surged by approximately 80% in July alone. Like many meme coins, it has a dedicated community, but some believe it is also benefiting from the success of BNB itself, which reached a new all-time high above $850 on July 28 — an increase of about 30% for the month.

Source: CoinGecko

FLOKI’s price movements have not been as aggressive as BONK’s, which may render it more attractive to traders seeking potential gains. Many view the $0.00035 level as significant resistance. FLOKI is currently trading near $0.00013.

$BTC vs. $BNB vs. $FLOKI pic.twitter.com/TDZJVQJtty

— Cryptollica (@Cryptollica) July 27, 2025

Unipics has also endorsed FLOKI. While this may be a positive indicator for some, it is crucial to recognize the associated risks. Meme coins generally lack substantial utility and often depend on community support and brand recognition. Prominent traders can enhance visibility, but they do not dictate long-term performance. If prices decline, the same communities may quickly exit.

$floki is arguably the most overlooked and underrated memecoin on CT
and besides @Bluntz_Capital, @MacroCRG, @ColdBloodShill, and @honey_xbt (all of whom, ironically, have a history of making non-consensus trades on CT and succeeding consistently), I rarely see anyone discussing… pic.twitter.com/HBbjyD5Ixn

— Unipcs (aka ‘Bonk Guy’) (@theunipcs) June 9, 2025

Final Thoughts

Meme coins frequently lead the market during speculative surges, but trading them carries significant risk. Investors should conduct their own research and analyze charts before engaging. These tokens remain among the most contentious in crypto — with some asserting they attract liquidity while others argue they tarnish the industry’s reputation. Solana founder Anatoly Yakovenko recently referred to meme coins as “digital slop” during a discussion on X. Nevertheless, their capacity to generate revenue for blockchains is difficult to overlook.

Source: X

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