The cryptocurrency market saw a strong price explosion last week with memecoins like Bonk, Pudgy Penguins, and Fartcoin leading the way, while many tokens with practical applications like Pi, Jito, and Kaia fell sharply.
Money seems to be shifting from utility projects to hype-filled memecoins, creating huge volatility and reflecting short-term investment trends in the crypto community.
MAIN CONTENT
Bonk, Pudgy Penguins and Fartcoin Surge in Price Thanks to the Memecoin Effect.
Pi, Jito and Kaia fell sharply due to loss of momentum and strong selling pressure.
Market trends focus on “hype” instead of actual utility of Token.
Which cryptocurrencies increased the most last week?
According to market reports, Bonk, a memecoin from the Solana ecosystem, led the way with a nearly 50% increase in early July, reaching $0.000020 with momentum from the $0.000014 support zone. This is a comeback after the token's 60-day low.
Bonk has broken two important resistance zones, but the RSI near 80 indicates overbought conditions, while the MACD warns of an upcoming dip.
Technical Analysis, TinTucBitcoin, 7/6/2025
The shift in money flow into memecoin is clearly reflected in the breakout of Pudgy Penguins with a 38% increase, but selling pressure appeared around the $0.015 area, signaling the possibility of a short-term correction.
Fartcoin also had a positive trading week, peaking at $1.30, although it retreated to $1.16 by the end of the week, suggesting that the $1.30 price zone is a strong resistance level that needs to be overcome to continue the uptrend.
How are other altcoins performing?
Besides memecoin, altcoin IKUN impressed with a 650% increase, MORI COIN increased by 388%, and Nobody Sausage also broke out by 283%, demonstrating the strong attraction from smaller projects in the cryptocurrency market.
Which cryptocurrencies are down and why?
The Pi token is down nearly 15% as the downtrend continues after failing to sustain last week’s 25% rally. The current price is testing support around $0.47, a loss of which could see it test the historic low of $0.40.
Source: TradingView (PI/USDT)
Jito, Solana's liquidity-focused token, also failed to clear the $2.50 resistance and fell 14.5% to $1.91, creating strong technical pressure and warning of further downside.
Kaia, the public blockchain coin, has erased all of its two-week gains with an 11% drop, indicating a severe weakening in market sentiment and the possibility of further decline without fresh support.
Why did the investment trend in memecoin increase sharply last week?
Statistics show that money flows into memecoins due to the “hype” factor and FOMO psychology in the investment community, despite the lack of practical utility of these projects. This is a common phenomenon in the cryptocurrency market when investors are looking for quick profits.
The memecoin boom represents a high-risk sentiment but also promises great short-term profit opportunities, especially in a stable market like the current one.
Dr. Le Minh Duc – Cryptocurrency finance expert, 7/2025
This also makes projects with long-term foundations and utilities become “inferior” in the price rankings, posing a challenge in balancing real value and speculative effects.
What is the conclusion of the trend of the past week in the cryptocurrency market?
The past week has seen strong volatility in the cryptocurrency market with many sudden increases and decreases, focusing on memecoins that are fueling investment interest, while Tokens with practical applications are in a slump.
This is an important reminder for investors: always consider carefully, do not follow the “hype” and prioritize comprehensive research before deciding to trade.
Frequently Asked Questions
What is Memecoin and why is it so popular?
Memecoins are Tokens that are primarily driven by community and media effects, and are often volatile due to FOMO. They offer the opportunity for quick profits but are also very risky.
Why are tokens with real applications falling in price while memecoins are rising?
Money flows often favor short-term gains when the market is stable, making memecoins more attractive, while utility tokens are overlooked due to slower growth and less “hype”.
How to evaluate a potential cryptocurrency?
It is important to consider whether the coin has clear utility, strong community, continuous development, and stable technical indicators according to in-depth analysis from financial experts.
How do RSI and MACD affect cryptocurrency price forecasting?
RSI indicates overbought or oversold conditions, while MACD signals trend reversals. Combining the two helps predict buying and selling pressure and appropriate entry/exit points.
What should individual investors do in today's volatile market?
Build a risk management strategy, diversify your portfolio, avoid following speculative trends and always stay updated with information from reputable professional sources.
Source: https://tintucbitcoin.com/bonk-pengu-pi-kaia-dan-dau-crypto/
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