The meme coin market is staging a strong comeback, with MOODENG and BONK leading the charge while Shiba Inu (SHIB) records a staggering 1,200% increase in its burn rate. Here's a breakdown of the key developments:
Key Highlights
- MOODENG surged 30%+ post-Upbit listing, hitting a $200M market cap.
- BONK shows bullish momentum with $1.61T buy volume.
- SHIB burn rate jumps 1,200%, incinerating 13M tokens in 24 hours.
MOODENG: The Solana Meme Star Soars After Upbit Listing
👉 Why MOODENG’s Upbit listing is a game-changer
- Price Rally: Spiked 35% from $0.1691 to $0.2282 following its listing on South Korea’s Upbit (trading pairs: USDT, BTC, KRW).
- Market Cap: Briefly surpassed $200M**, settling at **$188M at press time.
- Trading Volume: 428% increase in 24-hour activity.
Catalysts:
- Recent inclusion in Binance Alpha (May 2024).
- Anticipation for MOODENG’s July 10–13 birthday event.
Background: MOODENG is a Solana-based meme token inspired by a pygmy hippo at Thailand’s Khao Kheow Open Zoo.
BONK: Solana’s Top Meme Coin Rebounds on Demand Revival
- Price Action: 18.72% jump to $0.00001738, retracing to **$0.00001681**.
Key Metrics:
- $1.61T buy volume** (vs. $1.44T sells) on July 3**.
- Open Interest (OI): Up 46% to $17.38M.
- Futures volume: $97M (+270%).
- Outlook: Bullish signals suggest sustained uptrend potential.
Shiba Inu: Burn Rate Explodes Amid Ecosystem Growth
- Burn Rate: 1,200% surge – 13.1M SHIB destroyed in latest transaction.
- Price: +5% weekly at $0.00001192.
Fundamentals:
- 4.69T SHIB staked (per IntoTheBlock data).
- Deflationary mechanics gain traction.
Market Context: Volatility and Altcoin Recovery
- Bitcoin briefly topped $110K** (per [BLS labor stats](https://www.bls.gov/)) before stabilizing at **$109K.
- Meme coins are cycle-setters, often leading market sentiment.
FAQ: Quick Answers to Top Questions
Q1: What drove MOODENG’s price surge?
A: The Upbit listing and anticipation of its July birthday event fueled demand.
Q2: Is BONK’s rebound sustainable?
A: With dominant buy volume and rising OI, short-term bullishness is likely.
Q3: Why does SHIB’s burn rate matter?
A: Burning reduces supply, potentially increasing scarcity and long-term value.
👉 Explore trending meme coins now
Note: Always conduct independent research before investing. Market data is dynamic and subject to change.
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5. **Upbit listing**
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