Meme coins are back in the spotlight: FLOKI, BONK, and SPX6900 lead the rise, with Trading Volume surging by 2 billion dollars.

In July, the crypto market warmed up, and the Meme coin zone stood out, with tokens like FLOKI, BONK, and SPX6900 recording double-digit rises during the day. The total Trading Volume surged to $17.58 billion, a big pump of 42% compared to yesterday. With Trump promoting the GENIUS bill, the "Crypto Week" releasing favourable information, and investor risk appetite increasing, these "internet celebrity coins" once again attracted market attention, becoming a hot focus beyond Bitcoin.

Meme coin Trading Volume big pump, market value突破712.7 billion USD According to CoinMarketCap data, the market capitalization of Meme coins has exceeded $71.27 billion today, with a daily trading volume big pump of $2 billion, and a rise of 42%. This indicates that retail and institutional funds are flowing back into high-risk assets, especially against the backdrop of the Fear and Greed Index reaching the "Greed" zone (70).

Among the mainstream Meme coins such as DOGE, SHIB, and PEPE, the most outstanding performances are from FLOKI, BONK, and the new dark horse SPX6900.

FLOKI big pump 33%, Trading Volume surge 402% FLOKI rose by 33% today, with a market cap of $1.25 billion and a trading price of $0.0001320. Its trading volume surged to 4 times that of the previous day, indicating that investors are pouring into this coin.

The driving forces behind include:

  • Meme zone heat returns
  • The AltSeason Index is rising rapidly, driving expectations for altcoins to increase.
  • The overall market is recovering, and funds are seeking high Beta opportunities.

BONK has risen 171% this month, with a further rise of 27% today BONK benefits from the expansion of the Solana ecosystem and the continued popularity of the BONK Launchpad platform, with a strong recent rise. The current price is $0.00003937, and the market capitalization continues to expand.

Driving factors include:

  • The platform incurs fees to buy back BONK, building expectations for a rise.
  • 100 BONK Tokens have been sold in the past week, selling pressure has decreased.
  • Technical patterns enter a rise trend, attracting technical funds to participate.

The intraday trading volume reached 2.54 billion USD, an increase of 77% compared to the previous period.

SPX6900 refreshed its historical high, with a market value exceeding 1.65 billion USD Although it is not as well-known as FLOKI and BONK, SPX6900 has still become one of the intraday hotspots. The current price is $1.77, with a market capitalization of $1.65 billion, a 24-hour rise of 10%, and a trading volume increase of 90%.

Its rise is benefited by:

  • The US CPI and PPI data eased, macro environment is favourable for risk assets.
  • Retail investors have a strong FOMO effect, driving up short-term demand.
  • Technical breakthroughs drive a new wave of capital influx

Conclusion With the improvement of the macro environment, the rise of the altcoin season index, the favourable information from the GENIUS Act, and the warming of retail investor sentiment, Meme coins are once again in the market spotlight. FLOKI, BONK, and SPX6900 have ignited the market with strong fundamentals and market popularity, and are expected to maintain a state of high volatility and high attention in the short term. Investors should focus on the sustainability of trading volume and the evolution of technical patterns to assess the subsequent upward or correction rhythm.

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