In July 2025, the memecoin market emerged as a vibrant force in the cryptocurrency landscape, blending internet culture, community enthusiasm, and speculative energy. In less than a month, the market cap soared to $89 billion as of July 21, a 61.82% increase from its $55 billion valuation on June 30, according to CoinMarketCap estimates. Fueled by momentum from memecoin launpads LetsBonk.fun and Pump.fun, U.S. Crypto Week, and the Crypto Act including the Genius Act, the sector now thrives with over 500 active projects and $10 billion in daily trading volume.
Adding to the sector’s momentum, Bitcoin’s all-time high above $123K and and Ethereum's rally to $3,771, reaching its highest level of 2025, signaling an expected altcoin season, have further boosted interest in memecoins. These culture coins and momentum machines reflect broader market trends, turning memes into speculative mechanisms.
This article explores seven standout memecoins, why they’re flourishing, and how to buy and trade top memecoins on BingX platform.
What Are Memecoins?
Memecoins are a category of cryptocurrency that derive their identity from humor, internet culture, or viral moments. Unlike blue-chip cryptocurrencies like Bitcoin and Ethereum, which are typically grounded in technical innovation or clear utility, memecoins often start with little more than a name, a mascot, and a meme-worthy vibe. Despite this, they have become a prominent force in the digital asset space.
Part of what makes memecoins unique is their reliance on community momentum and narrative virality. These tokens thrive on social media engagement, celebrity mentions, and meme cycles. Some are launched as pure jokes, but over time, several have developed actual utility, including NFT integrations, staking mechanics, or even Layer 2 infrastructure. Their impact isn’t always technical, but it’s undeniably cultural.
What gives memecoins staying power is their emotional resonance. They capture attention quickly, spread through online communities, and evolve as shared digital inside jokes. And in a market where attention is currency, that makes them powerful players, even if their fundamentals are minimal or non-existent.
Key Features of Memecoins:
• Community-Driven: Their value is heavily influenced by community size, activity, and engagement.
• High Volatility: Price swings are often rapid and unpredictable.
• Low Entry Barrier: Typically inexpensive and easy to access, making them appealing to new retail investors.
• Viral by Nature: Often launched with little marketing but amplified by social platforms like Twitter, Telegram, and TikTok.
• Flexible Identity: Memecoins can evolve from jokes to brands, and from tokens to ecosystems.
Why Are Memecoins Thriving in July 2025?
Source: CoinGecko
The memecoin market is not just active; it’s booming. As of July 21, 2025, the sector reached a $91.6 billion market cap. With the global crypto market cap standing at $4.03 trillion, memecoins now account for approximately 2.27% of total capitalization.
Launchpad Hype Ignites Memecoin Frenzy
Source: Jupiter
Solana-based launchpads like LetsBonk and Pump.fun have collectively revolutionized memecoin creation, driving unprecedented market speculation in July 2025. Together, these platforms launched over 32,000 memecoins in a single day, with LetsBonk contributing over 22,000 and Pump.fun adding nearly 10,000 tokens. The combined ecosystem generates over $13 million in weekly protocol revenue, with LetsBonk earning $8.25 million and Pump.fun $4.91 million, demonstrating how both platforms fuel the sector's $89.8 billion market cap. Pump.fun’s mid-July airdrop and ICO further accelerated user activity, drawing increased demand across both launchpad and trading layers. This launchpad-driven activity contributed to the memecoin market adding over $23 billion in value during July alone, rising from $55 billion on June 30 to $79.3 billion, with trading volumes peaking at $18.81 billion.
U.S. Crypto Week's Regulatory Clarity Boosts Investor Confidence
Source: CoinMarketCap
The GENIUS Act, passed in a bipartisan vote of 308 to 122 and signed into law by President Trump on July 18, 2025, represents the first major crypto legislation passed by Congress. While the law specifically "sets new rules for a more narrow, yet promising segment of the crypto market called stablecoins", its passage created broader market optimism about crypto's regulatory future. Bitcoin ETFs logged their biggest day of inflows in 2025 at $1.18 billion during "Crypto Week," reflecting increased institutional confidence in the overall crypto ecosystem.
This general regulatory momentum, combined with Trump's pro-crypto stance, created a risk-on environment where the memecoin market surged 62.14% in the past month. While memecoins received no direct regulatory framework, the successful passage of crypto-friendly legislation signaled to investors that the regulatory environment was becoming more supportive of digital assets broadly, encouraging capital allocation across the crypto spectrum including speculative assets like memecoins.
Bullish Market and Altcoin Season Drive Growth
Source: CoinMarketCap
Bitcoin's surge to a record high of $123,205 on July 14, 2025 and and Ethereum's rally to $3,771, reaching its highest level of 2025, have lifted the broader cryptocurrency market. The CoinMarketCap Altcoin Season Index currently sits at 57/100, indicating the market is transitioning toward altcoin season after climbing from Bitcoin Season territory, creating favorable conditions for alternative cryptocurrencies including memecoins. This bullish momentum contributed to the memecoin sector's 47.98% growth in July, rising from $55 billion to $79.3 billion, with major tokens like BONK gaining 48.51% weekly and PENGU climbing 38.33%, positioning memecoins to benefit from the emerging altcoin season dynamics.
Top 7 Memecoins to Watch in Altcoin Season 2025
Here's a list of the best meme coins to consider adding to your portfolio during the 2025 altcoin season:
1. Dogecoin (DOGE)
Dogecoin (DOGE) achieved its all-time high of $0.74 on May 8, 2021, marking a defining moment when it reached a market capitalization of nearly $90 billion and briefly placed it among the top 10 cryptocurrencies. The coin posted a 9,884% gain between January and May 2021, driven by celebrity endorsements from figures like Elon Musk and widespread social media attention. Since then, Dogecoin has remained the largest memecoin by market capitalization and continues to demonstrate resilience compared to newer projects.
Often called the grandfather of all memecoins, Dogecoin emerged in December 2013 as the first major cryptocurrency to embrace internet meme culture, featuring the iconic Shiba Inu dog from the popular "Doge" meme. What started as a lighthearted alternative to Bitcoin has evolved into a cultural phenomenon with genuine utility, being widely used for tipping content creators, charitable donations, and everyday transactions. Its established community, mainstream recognition, and endorsements from major figures like Elon Musk continue to make it the most stable and recognizable memecoin in the market.
2. Shiba Inu (SHIB)
Shiba Inu (SHIB) reached its all-time high of approximately $0.000088 in October 2021, during which it briefly flipped Dogecoin to become the most-valued meme coin by market capitalization. The massive rally saw SHIB recording a nearly 42,000x price increase throughout 2021, easily outperforming all other digital currencies that year. Since this peak performance, Shiba Inu has maintained its position as the second-largest memecoin by market cap, demonstrating its staying power through multiple market cycles.
Created anonymously in August 2020 under the pseudonym "Ryoshi," Shiba Inu was designed as a "Dogecoin killer" and has successfully built a comprehensive ecosystem that extends far beyond its meme origins. The project has demonstrated remarkable staying power through bear markets and has developed real utility through its layer-2 solution Shibarium, decentralized exchange ShibaSwap, and various community-driven initiatives that provide actual value to holders beyond speculation. The ecosystem includes three main tokens: SHIB, LEASH, a deflationary token, and BONE, the governance token.
3. Pepe (PEPE)
Launched in April 2023, Pepe(PEPE) quickly became one of the fastest-growing memecoins in history. It came out swinging with a no-utility, no-roadmap, pure meme ethos, and it worked. The token went viral overnight, spurred by its ties to the iconic 'Pepe the Frog' meme created by artist Matt Furie and an anything-goes trading narrative. It reached an all-time high in December 2024 after gaining over 7,000% since inception and briefly hit a market cap of more than $11 billion. Just three weeks after launch, PEPE’s market cap had already reached $1.6 billion, fueling what many called a "memecoin season" and minting early holders into overnight millionaires.
PEPE’s core identity is built around simplicity and meme energy. It has no transaction taxes, features locked liquidity for user confidence, and is governed by an immutable smart contract. With a supply of 420.69 trillion tokens already in circulation, PEPE maintains the ethos of pure community-driven speculation. In July 2025, trader James Wynn re-entered the spotlight with a 10x long on PEPE via Hyperliquid, signaling ongoing high-leverage interest in the memecoin market.
4. Bonk (BONK)
Bonk(BONK) emerged as Solana's flagship memecoin and achieved significant milestones during the 2024 bull market, at one point holding the position as the largest memecoin on the Solana blockchain. The token has experienced a remarkable resurgence in July 2025, surging over 70% in just one week, largely driven by the success of LetsBonk.fun, a BONK-backed memecoin launchpad that launched in April 2025. On July 7, LetsBonk overtook the dominant Pump.fun platform in 24-hour volume, generating $8.25 million in weekly protocol revenue compared to Pump.fun's $4.91 million, while 50% of LetsBonk's revenue is used for BONK token buybacks and burns.
BONK was launched as Solana's answer to Ethereum-based memecoins, successfully leveraging the network's fast transaction speeds and low fees to build a robust community. As a community-driven token, BONK represents the growing popularity of the Solana ecosystem and has established itself as a benchmark for other memecoins launching on the platform. The token has consistently maintained its position among the top memecoins and continues to benefit from Solana's position as the leading platform for memecoin creation and trading, with its ecosystem expansion into launchpad infrastructure demonstrating the evolution beyond simple speculation.
5. Official Trump (TRUMP)
Official Trump(TRUMP) achieved unprecedented attention as the first celebrity-backed memecoin when it launched in January 2025, coinciding with Donald Trump's presidential inauguration. The token surged over 300% soon after its launch and briefly entered the top 5 meme coins by market capitalization, creating a new category of politically themed memecoins. Trading volume peaked on January 20, 2025, during Trump's inauguration, when memecoins briefly accounted for 11% of all crypto trading volume, with TRUMP leading this surge.
OFFICIAL TRUMP represents a groundbreaking development in memecoin history as the first major token with direct celebrity endorsement from a sitting U.S. President. The token's launch on the Solana blockchain and its association with one of the most recognizable political figures in the world created a unique value proposition in the memecoin space. Although the token faced initial volatility due to early selling pressure from team wallets, it established the precedent for celebrity-backed cryptocurrencies and demonstrated the immense market power of high-profile endorsements in the crypto space.
6. Pudgy Penguins (PENGU)
Pudgy Penguins(PENGU) achieved remarkable success as one of the first major NFT-to-token conversions, launching in December 2024 and eventually becoming the largest Solana memecoin with a market capitalization reaching $2.8 billion in early 2025. The token has demonstrated exceptional momentum in 2025, with July marking a particularly strong period as PENGU surged over 140% in just 10 days, while the underlying NFT collection's floor prices doubled from 8 ETH to 16.4 ETH, showcasing the powerful synergy between the token and original NFT assets. The project gained significant institutional attention when asset management firm Canary filed for a PENGU ETF application, which was officially acknowledged by the SEC, representing a groundbreaking development for memecoin institutional adoption.
PENGU originated from the beloved Pudgy Penguins NFT collection, which launched in July 2021 as one of 8,888 unique penguin avatars on the Ethereum blockchain. The NFT collection quickly gained traction and became a cultural hit, eventually becoming the second-largest NFT project by market capitalization before the token launch. When PENGU launched on Solana in late 2024, it allowed the ever-expanding Pudgy Penguin fanbase to join "The Huddle," serving as a symbol for community, memes, and good vibes while leveraging the strong brand recognition built over years in the NFT space through cultural momentum and viral gameplay elements.
7. Pump.fun (PUMP)
Pump.fun (PUMP) represents the tokenization of the most successful memecoin launchpad in cryptocurrency history, with its Initial Coin Offering in July 2025 raising $600 million within 12 minutes, ranking among the largest ICOs ever. The platform behind the token, pump.fun, launched in January 2024 and quickly became known as the "ground zero" for launching meme coins, generating over $250 million in revenue and facilitating the creation of over 6 million meme coins.
PUMP emerged from the success of pump.fun, a Solana-based platform that revolutionized memecoin creation by allowing users to instantly create coins with just an image, ticker, and name for less than $2 in fees. The company positions PUMP as part of a broader effort to build a decentralized alternative to Facebook, TikTok, and Twitch, creating a social platform that rewards attention with money rather than just engagement metrics. With 33% of PUMP's total supply sold during the PUMP ICO at $0.004 per token, the project represents the evolution of memecoin infrastructure from simple trading tools to comprehensive social and financial platforms.
How to Trade Memecoins on BingX
Trading memecoins on BingX is beginner-friendly and packed with features to help you trade confidently. Here’s how to get started step by step:
Step 1: Log In or Create a BingX Account
Log in to your BingX account. If you don’t have one, you can register using an email or mobile number. Completing identity verification (KYC) is required for full access to trading features.
Step 2: Deposit Funds
Go to the Buy Crypto section to deposit funds into your account. BingX supports several payment options such as bank transfer, credit or debit card, and peer-to-peer (P2P) transactions.
Step 3: Find Your Memecoins Pair
Navigate to the Spot trading section and search for memecoin pairs like DOGE/USDT, PUMP/USDT etc. Use BingX AI to analyze market trends, price movements, and potential entry points for smarter trading decisions. Select the pair to view the trading interface.
Step 4: Place Your Order
Choose between a Market Order to buy at the current price or a Limit Order to set your preferred entry. Enter the amount and confirm the order.
Step 5: Trade Memecoins with Futures and Copy Trading
Once the purchase is complete, your memecoins will appear in your BingX wallet. You can use memecoins to participate in spot, futures, or copy trading.
Key Considerations Before Investing in Memecoins
Investing in memecoins involves significant risks that require careful consideration. Below are key challenges, each with arguments highlighting their impact:
1. Extreme Volatility: Memecoins are highly sensitive to market sentiment, leading to dramatic price swings. Such volatility can result in substantial losses, especially for short-term traders unprepared for rapid market shifts.
2. Lack of Fundamental Value: Most memecoins lack intrinsic utility such as DeFi or smart contract functionality, relying solely on hype. Without sustainable use cases, their value can collapse if community interest fades, as seen in historical memecoin crashes during bear markets, with over 30% of 2021 memecoins losing 90% or more of their value.
3. Regulatory Uncertainty: Regulatory scrutiny is intensifying, particularly for coins with ETF filings, as the SEC may impose stricter rules. Political memecoins like TRUMP face additional risks due to potential legal challenges tied to their branding, which could disrupt market stability and investor confidence.
4. Pump-and-Dump Schemes: Memecoins are prime targets for manipulation. Blockchain analytics report that over 20% of new memecoins in 2024 faced rug pull allegations, eroding trust and capital.
5. Whale Manipulation: Large holders, or whales, can dominate memecoin markets. Their actions can artificially inflate or crash prices, leaving smaller investors at a disadvantage.
Final Thoughts
In 2025, the memecoin market shines with standout tokens driving innovation and speculation: from pioneering projects with DeFi ecosystems to those leveraging NFT integration, political branding, or launchpad models. Their historical performance, from all-time highs in 2021 to record token launches in 2024, underscores their speculative potential. However, their high-risk nature demands caution. Investors should diversify portfolios, conduct thorough research, and stay informed to mitigate risks. As memecoins blend humor with opportunity, they remain a thrilling yet speculative segment of the crypto market in 2025.
Disclaimer: Cryptocurrency investments, especially memecoins, are highly speculative. Always conduct your own research and consult a financial advisor before investing.