Why Are Meme Coins Like FLOKI, BONK, and SPX6900 Soaring?
Meme coins are back in the spotlight this July, showing renewed investor interest. Despite numerous launches, FLOKI, BONK, SPX6900, and others are outperforming the market today. While volatility remains, these tokens are capturing attention, shifting focus away from Bitcoin.
Meme Coins Regain Investor Demand, Volume Jumps by $2B
The broader crypto market is recovering, with many digital assets showing gains. Bullish sentiment is fueled by progress in the crypto sector and positive hints from political figures. The CoinMarketCap fear and greed index is at 70 (GREED), significantly impacting meme coins.
The market capitalization of meme-themed cryptocurrencies has surpassed $5 trillion, reaching $71.27 billion. Trading volume has increased by $2 billion (up 42%), currently at $17.58 billion.
- Source: CoinMarketCap, Meme Coins Market Cap
Leading meme coins like DOGE, SHIB, and PEPE are performing well, but FLOKI, BONK, and others are showing even more bullish trends with double-digit gains.
Why FLOKI, BONK, SPX6900 Prices Are Skyrocketing
FLOKI is among the top gainers, with a 402% surge in trading volume. This increase is due to higher demand for meme-themed cryptocurrencies as the market thrives and investors take more risks. The growing AltSeason Index also boosts optimism for a potential Altcoin Season.
$FLOKI is trending on @CoinMarketCap alongside bluechips like $ETH, $XRP, and $SOL.
A spot well-earned, don’t you think?
The world is waking up to what the Floki community has known for years. pic.twitter.com/8O49FV7Bxn
— FLOKI (@RealFlokiInu) July 17, 2025
With a 33% increase today, FLOKI is trading at $0.0001320 with a market capitalization of $1.25B. BONK has been bullish, with a 171% surge over the month and 27% today. This is due to the expanding Solana meme cryptocurrency ecosystem, rising OI and volume, investor demand, and bullish technical setup.
Experts report that 100 BONK were sold this week, which reduced selling pressure. The launchpad boomed with demand and fees from this equipped the BONK buybacks, which fueled the price surge. It currently trades at $0.00003937 with a 24-hour trading volume of $2.54B, up 77%.
- Source: CoinMarketCap, BONK Price Chart
SPX6900 is less known but highly bullish, reaching a new ATH a few hours ago. It's up 10% in 24 hours with a trading volume of $191.48, up 90%.
It trades at $1.77 with a market cap of $1.65 billion. Like most meme-themed cryptos, it benefits from better market conditions and is influenced by US CPI, PPI data, and macroeconomic events.
Overall, retail FOMO, the crypto market’s bullishness, and shifting investor sentiment have fueled these meme coin rallies.