Meme Coins Surge 34% in July 2025 Led by Bonk and SPX6900

The meme coin market experienced a significant surge in July 2025, with several tokens capturing the attention of investors beyond the traditional giants like Dogecoin and Shiba Inu. This resurgence highlighted the maturation of the meme coin sector, where newer tokens offered more than just humor and viral appeal, often building their own ecosystems and infrastructure.

Bonk (BONK), Solana’s flagship meme coin, made headlines with a market-beating performance. In early July, BONK surged over 34% in a single week, driven by ETF speculation. The token broke out of a falling wedge pattern and reached daily trading volumes above $1 billion. The holder count was nearing the 1 million milestone, poised to trigger a 1 trillion token burn. Technical signals supported further upside, with the RSI remaining below overbought territory and the MACD turning bullish.

SPX6900 (SPX) established itself as one of the most electrifying meme coins, currently trading around $1.66. This followed a nearly 20% increase within a week as daily trading volume exceeded $90 million. Social dominance hit 0.913%, marking the highest level in over two months and confirming SPX6900’s grip on meme conversation networks. Analysts predicted SPX could test $2 soon if bullish momentum continues.

Dogwifhat (WIF) emerged as one of the most vibrant meme coins, currently trading around $1.00. On-chain activity revealed that whale wallets had accumulated more than 39 million WIF tokens in early July, reinforcing a solid support zone near $0.83. Technical indicators remained upbeat, with positive buy-sell deltas and volume outpacing sell orders. Analysts projected realistic targets for 2025 to be between $2 and $4.30.

The major players Bonk (BONK), SPX6900 (SPX), and Dogwifhat (WIF) have become focal points for investors, each originating from distinct project leadership. Pseudonymous developers and comments from key figures like Anatoly Yakovenko and Arthur Hayes add depth to their narratives. Evident effects include increased trading volumes and community support. Solana’s ecosystem benefits from Bonk and Dogwifhat activity, while SPX6900’s parody branding enhances Ethereum’s appeal. Liquidity and TVL growth mark this trend.

Financial and regulatory landscapes see a shake-up, with meme coins sparking novel on-chain activities and fees. Historical patterns from Dogecoin and Shiba Inu’s past surges offer context for potential adjustments in sentiment shifts. Increased public participation and technological integration suggest potential outcomes such as new financial products or regulations specifically targeting high-risk meme coins. Historical precedents underline shifts in liquidity and retainability, offering valuable insights into future trends.