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Memecoin market rockets $17 billion in a month — Solana launchpad hype fuels the fire
Memecoin market rockets $17 billion in a month — Solana launchpad hype fuels the fire

Time of India

time2 days ago

  • Business
  • Time of India

Memecoin market rockets $17 billion in a month — Solana launchpad hype fuels the fire

In July 2025, the memecoin market went up by $17 billion in just one month. The market cap rose from $55 billion on June 30 to $72 billion in July — that's a 29% increase. On Friday, the market cap jumped even higher to $79 billion, a 43% increase from June-end. At the time the article was written, the value had slightly dropped to $78.81 billion. The big reasons behind this jump were, hype around new memecoin presales. Strong support from online communities. A new launchpad for memecoins on Solana that got popular fast. Explore courses from Top Institutes in Select a Course Category Data Analytics Project Management Artificial Intelligence others PGDM Data Science Cybersecurity Management Others MCA Leadership Degree Design Thinking MBA Digital Marketing Technology Data Science Finance CXO healthcare Healthcare Product Management Public Policy Operations Management Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details Different opinions in the crypto community Some people in crypto are happy and excited about the memecoin boom. Others think it's a bad sign and say it's hurting crypto's reputation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo ALSO READ: From BTC to ETH: Retail traders flock to Ethereum as $4000 price target gains steam Anthony Anzalone – Against memecoins Anthony Anzalone the CEO of Xion blockchain said, memecoins are damaging the hard work of real builders in crypto. He said that even though the market cap is growing, it doesn't show real-life use of crypto. He also said that the more memecoins grow, the worse it is for the future of serious crypto projects. He said, 'inverse correlation between success of this industry and the memecoin market cap'. In his view, the money going into memecoins shows there's nowhere better for capital to go in crypto. Live Events S Community lead of Neiro memecoin S thinks memecoins are the most exciting and attractive part of crypto. S said that many memecoin projects like Pudgy Penguins, Floki, and Neiro are actually building new tech and showing maturity. According to S, memecoins are simple, fun, and easy to understand, unlike the complex VC-driven crypto tokens. S also said,'warriors in the trenches… rush to deploy capital'. ALSO READ: BlackRock goes big on crypto — adds $916 million in Bitcoin and Ethereum in just 16 days Petr Kozyakov– Neutral but notes bullish mood Kozyakov said that market mood is a big reason why memecoins are rising. He gave three reasons for the memecoin surge: The PUMP coin presale raised $500 million in minutes. Memecoins are easily available to normal retail investors. Bitcoin hit a new all-time high, making the market feel positive. Kozyakov didn't predict how big the memecoin market would get, but said that the mood is clearly bullish now. He also mentioned that memecoins are now a big part of crypto culture, with loyal fans backing them. A related report said that 1 in 6 new memecoins on Base are scams and 91% have vulnerabilities. FAQs Q1. Why did the memecoin market surge in July 2025? The memecoin market surged due to Solana's new launchpad, presale hype, and strong community support. Q2. Is the memecoin rise good or bad for crypto? Some say it boosts excitement, while others believe it harms crypto's serious reputation.

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