#MemecoinSentiment 📊 Market Mood: Overheated & Greed‑driven

• Memecoin sector led July’s crypto space with a +30 % return, outperforming staking and gaming sectors  .

• Analysts caution that this surge signals peak market greed: when speculative assets lead, portfolios may be at risk .

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🚀 Recent Activity & Hype Highlights

• Pump.fun’s $PUMP token ICO raised $500–600M in just 12 minutes, selling out spectacularly—standing as one of largest token sales ever .

• Pre‑market futures trading saw ~$346M in volume, trading ~30 % above ICO price—strong bullish positioning but tempered by lockups and cliff incentives .

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🧨 Major Players: Who’s Pumping & Who’s Cooling

• Pudgy Penguins (PENGU) climbed ~40% in a week to a $1B market cap .

• Phoenix ($PHNIX), built on XRP, surged 16% in 24 hours and 36% over a week, though with a market cap around $10M—still early-stage buzz .

• Pepe (PEPE), DOGE, BONK, SPX6900, and other tokens saw multi-week rallies of 40–70% and are frequently featured in “best bets” articles