đź•’ Posted on: 7/26/2025 1:45:55 AM UTC
Solana Memecoin Frenzy Outshines ETH and BSC as Bonkyo, Fartcoin Lead $100M+ Trading Spree

Crypto Market Update: Memecoin Mania Heats Up on Solana, ETH and BSC Show Steady Gains

The cryptocurrency market is buzzing with activity as memecoins continue to dominate trading volumes, particularly on Solana, while Ethereum and Binance Smart Chain (BSC) see steady gains among top assets. Bitcoin (BTC) remains flat, hovering around the $70K mark, while altcoins like Hedera (HBAR), Bitcoin Cash (BCH), and Sui (SUI) post double-digit gains. Meanwhile, memecoins are experiencing explosive breakouts across chains, with Solana leading the charge in speculative trading. Below, we break down the key trends and opportunities across Ethereum, BSC, and Solana.

Ethereum: Steady Gains with Selective Memecoin Surges

Ethereum (ETH) is up 1.26%, outperforming BTC as traders shift focus to altcoins. While ETH-based memecoins like PEPE and Mog show decent volume ($3.5M and $5M respectively), the real standout is ENA, a new entrant with $16.5M in 24h volume and 1,158 buys—indicating strong accumulation. Another notable mover is SPX, which has seen $5.2M in volume amid speculative interest.

Actionable Advice:

  • Trading: Watch ENA for potential continuation if volume sustains.
  • FOMO: SPX could see short-term pumps but lacks long-term utility—trade cautiously.
  • Caution: Avoid low-volume tokens like AP or ZEUS, which may lack liquidity for exits.

Binance Smart Chain (BSC): High Volume but Fragmented Activity

BNB is up 2.09%, outpacing ETH, but BSC’s memecoin scene is fragmented. The biggest movers include BabyGrok (11,966 buys) and KOGE, which has an astonishing $1B+ in volume—likely due to a token migration or airdrop frenzy. However, most BSC memecoins lack sustained momentum beyond pump-and-dump cycles.

Actionable Advice:

  • Trading: KOGE’s volume anomaly suggests speculative interest—monitor for volatility.
  • FOMO: BabyGrok’s high buy count could indicate a coordinated push, but beware of sudden dumps.
  • Caution: Many BSC memecoins (e.g., Moo, WKC) have thin liquidity—avoid unless you catch early entries.

Solana: The Memecoin Capital of Crypto

Solana is the undisputed leader in memecoin mania, with multiple tokens posting multi-million dollar volumes. Bonkyo ($32M volume), Fartcoin ($39M), and memecoin ($11M) are leading the charge, alongside established names like Bonk and PENGU. The sheer number of buys (Bonkyo: 73K+, coin: 78K+) suggests retail frenzy is at peak levels.

Actionable Advice:

  • Trading: Bonkyo and Fartcoin are the top movers—watch for continuation patterns.
  • FOMO: Newer entrants like AI / SOL and BabyAni could see quick flips but carry high risk.
  • Caution: Many Solana memecoins are purely speculative—set tight stop-losses to avoid sudden reversals.

Market Trends & Final Takeaways

  • Solana dominates memecoin activity, but ETH and BSC still see selective breakouts.
  • Top Memecoins to Watch: ENA (ETH), KOGE (BSC), Bonkyo (SOL).
  • Retail FOMO is high, especially on Solana—be wary of overextended pumps.

Closing Advice for Traders & Investors:

  • Short-term traders should focus on high-volume breakouts but exit quickly before liquidity dries up.
  • Long-term investors should stick to blue-chip alts (ETH, SOL, BNB) rather than chasing memecoins.
  • Always DYOR—many trending tokens lack fundamentals and could collapse just as fast as they rise.

Stay nimble, trade wisely, and don’t let hype override risk management!

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