Crypto jokes are back. The memecoin sector suffered greatly during the first half of 2025, but the recent price record of Bitcoin (BTC) surpassing $122,000 seems to have revived these meme-based cryptos. Billions of dollars in fresh capital have poured into this great crypto casino known as memecoins.
Key points of this article:
Memecoins are currently experiencing a spectacular resurgence, following Bitcoin's price record exceeding $122,000.
The total valuation of memecoins surged by over 35% in July 2025, reaching $72 billion.
BONK and PENGU lead the memecoin comeback
Bitcoin's price records are pushing the entire crypto market upward. In July, the total valuation of memecoins rose from $53 billion to $72 billion, an increase of over 35% in just over two weeks!
Cryptocurrencies like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe the Frog (PEPE) have shown remarkable growth, with increases between +16% and +24% in their prices over the last 7 days (see below for CoinMarketCap data).
However, it is Bonk (BONK) and Pudgy Penguins (PENGU) that have performed the best, with even more spectacular increases of +72% and +67% respectively over a rolling week.