Memecoin Market Cap Surges 29% in July as Bonk Leads Rally

What happened

Memecoin market cap hits $72B in July, driven by the Bonk memecoin’s 72% surge and LetsBonk launchpad’s rise. The memecoin sector has added almost $17 billion in token valuations since the start of July, surging to $72 billion as of Thursday, up 29% from its $55 billion market.