Solana News Today: BONK Surges 150%, DOGE Up 50%, FLOKI 80% as Meme Coin Rally Gains Momentum on LetsBonk.fun

The meme coin market has reignited in July, with BONK surging nearly 150%, while DOGE and FLOKI rallied 50% and 80%, respectively. The rally has drawn comparisons to a potential "supercycle," fueled by shifts in trader sentiment, the rise of the LetsBonk.fun launchpad, and influencer-driven hype. However, the volatility and reliance on community dynamics underscore the inherent risks for investors.

BONK, a Solana-based meme coin, has emerged as a focal point of the rally, driven by the success of the LetsBonk.fun platform. Launched in April 2025, the platform has attracted traders away from competitors like Pump.Fun, with token migrations already underway. For instance, Hello Kitty (KITTY) announced its migration to the BONK ecosystem, signaling a broader shift in market activity. The LetsBonk.fun team has also implemented buybacks for top meme coins by market cap, including Useless Coin (USELESS), the largest BONK-based token. Influencer Unipics, known as the "BONK Guy," has amplified the project’s visibility, while institutional speculation about a potential BONK ETF filing has added to bullish sentiment. However, analysts caution that the token’s long-term success hinges on the launchpad’s sustainability and competition from other rising stars like Pudgy Penguins (PENGU), which has drawn liquidity away from older meme coins [1].

DOGE, the original meme coin, has mirrored BONK’s trajectory. The token’s 50% gain in July mirrors its performance during the March–April period earlier this year. While its rally aligns with broader market enthusiasm, the exact catalyst remains unclear. Influential traders like Marcell have highlighted DOGE as a key asset, drawing parallels to its 2023 and 2024 surges following bullish MACD crossovers. Cas Abbé, a crypto analyst, noted that DOGE’s weekly MACD crossover historically predicts significant price movements, suggesting further upside if the trend continues. Yet, DOGE’s performance also reflects the broader meme coin narrative rather than independent fundamentals, leaving its trajectory vulnerable to shifts in sentiment [1].

FLOKI, another veteran meme coin, has surged 80% in July, coinciding with BNB Chain’s broader market performance. The token’s price action has been less aggressive than BONK’s, making it a potential alternative for traders seeking incremental gains. FLOKI’s rally has been partially attributed to BNB’s all-time high of $850, which rose 30% in July. However, FLOKI’s lack of real utility and reliance on community strength pose risks, even as influencers like Unipics continue to endorse it. Analysts emphasize that FLOKI’s performance is closely tied to its ecosystem and brand recognition, with no guarantee of sustained growth if hype wanes [1].

The rally has sparked debates about the role of meme coins in the crypto market. While some view them as liquidity drivers for blockchains like Solana, others criticize their speculative nature. Solana founder Anatoly Yakovenko recently dismissed meme coins as “digital slop,” highlighting concerns about their impact on the industry’s reputation. Meanwhile, the success of launchpads like LetsBonk.fun demonstrates the power of community-driven initiatives in shaping market dynamics. However, the high volatility and dependence on influencer activity underscore the risks for retail investors.

As the meme coin sector gains traction, investors are advised to conduct thorough research and assess their risk tolerance. The July rally reflects a shift in speculative activity, but the sustainability of gains for BONK, DOGE, and FLOKI remains uncertain. With liquidity constantly rotating between tokens, the market’s next move could hinge on the launchpad’s success, broader crypto trends, and the enduring appeal of meme culture in digital finance.

Source: [1] [title: Meme Coin Supercycle? DOGE Price Up 50%, BONK 150 ...] [url: https://cryptonews.com/exclusives/meme-coin-supercycle-doge-price-up-50-bonk-150-floki-80/]