Memecoin Season Is Returning, And Here’s Why
The post Memecoin Season Is Returning, And Here’s Why appeared on BitcoinEthereumNews.com.
Key Insights: The recent passage of the GENIUS Act has provided regulatory clarity for digital assets. Bitcoin has been stalling, and investors are rotating their capital into other assets, including memecoins. Solana-based memecoins like Bonk, Floki, and Pudgy Penguins are leading the charge with record token launches and increased trading volumes. The crypto market is currently in an explosive new phase lately, and the memecoins are back in the spotlight. The recent passage of the GENIUS Act through Congress is giving the entire crypto space a regulatory boost. This move has also pushed the total market cap over $4 trillion for the first time. As of writing, the memecoin space now commands a staggering $82 billion in market value. Here’s why the memecoins could be back in action after months in limbo. Regulatory Clarity And Market Rotation The GENIUS Act’s approval in the US house of representatives is a milestone for crypto laws. This is because it offers some long-awaited regulatory clarity to the stablecoin market, and digital assets as a whole. While Bitcoin initially surged to $120,000 on the news, it has since cooled, and is hovering near $116,000. This stall in BTC price has created a rotation of capital into altcoins, especially meme coins. Ethereum is also showing signs of strength, after rising 6.64% in the past 24 hours compared to Bitcoin’s modest 1.4%. Memecoin Market Sees $27B Growth in July Alone Memecoins have exploded back into relevance. Since the start of July, the sector has added $27 billion in value, and has climbed from $55 billion to over $82 billion. This revival has been fueled by Solana-based platforms like LetsBonk and tokens like Bonk, Floki and Pudgy Penguins (PENGU). All of these have posted massive weekly gains, with BONK in particular seeing up to 72%. Trading volumes…
Filed under: News - @ July 18, 2025 9:32 pm