Author: OurNetwork
Compiled by: TechFlow
BONK’s trading volume on DEX exceeded $2.8 billion in the past 90 days.
Memecoins Market Dynamics
BODEN, MAGA, BONK, WIF, FLOKI & BABYDOGE
① Political Memecoins
Matt Casto | Dashboard
Trump-Biden trading pairs hit highest volume since late May
The number of Trump and Biden pairs has increased dramatically in recent days, reaching the highest level since the end of May. Most of these pairs were created on Uniswap v2, not v3, likely due to v2's simpler pool creation and management, simpler fee structure, and lower gas fees for certain operations. Note that this data does not include pairs created on Solana, only Ethereum and other EVM chains.
Flipside - @mcasto
On Ethereum and some selected EVM chains, the most popular Trump and Biden memecoins by transaction volume were launched before the political memecoin narrative gained traction in May. As the narrative gained traction, more trading pairs were launched, with early pairs seeing significant trading volume.
Flipside - @mcasto
The price action of two of the most popular political memecoins, MAGA and BODEN, has been similar since the beginning of June. While there was no significant difference in performance between the two following the June debate, this past weekend saw the biggest divergence in performance between the two assets ever.
Dune Analytics - @mcasto_
② BONK 🐕
Ario | Website | Dashboard
BONK’s trading volume on decentralized exchanges exceeds $2.8 billion in the past 90 days
BONK is a Solana-based meme cryptocurrency known for its active community and bringing a sense of fun and engagement to the crypto world. Despite its entertainment origins, $BONK displays significant transaction volume and active user engagement, making it stand out among memecoins. Its trading volume on the decentralized exchange exceeded $2.8 billion in the past 90 days, involving 205,400 traders. The distribution by decentralized exchange shows that Jupiter (39.23%) and Phoenix (37.98%) contributed to the majority of the trading volume.
Flipside - @Ario
During this period, the price of BONK showed significant volatility, reaching a new high of $0.000041. Increased buying volume is directly correlated to the price of BONK, as shown by the ratio of buyers to sellers. When this ratio exceeds 1.4, price increases usually follow.
Flipside - @Ario
BONK's fund flows on centralized exchanges (CEX) show a complex picture of funds in and out. In particular, the large outflows in the past 90 days highlight the impact of liquidity changes on market sentiment and price fluctuations. A total of $298.27 billion of $BONK was withdrawn from CEX, indicating that market activity is very active.
Flipside - @Ario
③ WIF
0xhonz | Website | Dashboard
Dogwifhat’s WIF token among worst performing memecoins
Dogwifhat (WIF) reached its all-time high position on CoinMarketCap as the third-largest meme coin by market cap, surpassing PEPE and briefly surpassing BONK to become the most valuable Solana memecoin, with a peak market cap of over $2 billion. However, it has recently experienced a sharp decline. Since June 1, WIF's price has dropped by 55%, making it one of the worst performing memecoins since then. The coin recently fell out of the top 50 as of July 15, before returning to the 49th position on CMC.
TradingView
Despite the price pullback, WIF remains one of the most traded assets. As of July 15, it ranks 13th in 24-hour volume ($307 million) and 16th in 7-day volume ($1.8 billion). As a result, WIF has more trading volume than BONK, MOG, and POPCAT combined (24h/7d), and remains liquid.
CoinMarketCap
WIF’s net flow (buy volume - sell volume) remains the highest among the top memecoins. $WIF tokens had an on-chain net flow of +445 million USD in the past 24 hours. The second place is $BONK with a net flow of $352 million USD. PEPE only accounts for 11% of WIF’s net flow.
Dune Analytics - @husko
Transaction level information: The whale who once made the largest single market purchase (worth $6.2 million at the time) spent another $4.65 million two weeks ago to buy 2.3 million WIF tokens at $2.03 each. Despite the market decline, he has not made any additional purchases since then. Does this mean that he expects the market to fall further? He remains the largest WIF holder, with one address holding approximately 23.39 million WIF tokens, worth $36 million at current prices. However, 24 days ago, this whale still had 3.5 million WIF deposited on centralized exchanges.
④ FLOKI
Not a Whale | Website | Dashboard
FLOKI's trading volume exceeded $8.6 billion in the first 8 days of March
Floki started out as a meme token inspired by Elon Musk, but has since grown into a thriving ecosystem with multiple utility products, millions of fans around the world, and one of the most recognizable crypto brands in the world. FLOKI is the largest “meme coin” on the BNB chain and one of the largest on the ETH network, with about 23% of its total supply staked. It also generates impressive trading volumes, for example, in the first 8 days of March, trading volume exceeded $8.6 billion.
BscScan
Floki's staking program adds another layer of utility value to FLOKI and ensures its long-term stability. Staking FLOKI enables users to earn Floki's sister token TokenFi/TOKEN, a top RWA tokenization project. The longer the stake, the higher the annual percentage yield (APY) users receive.
staking.floki.com
FLOKI’s trading volume in the first eight days of March exceeded $8.6 billion.
CoinMarketCap
Transaction Level Information: Binance, the world’s largest cryptocurrency exchange, has staked 205 billion $FLOKI tokens, valued at over $7.8 million, for one year using Floki’s staking program. This level of commitment demonstrates a strong belief in Floki and the TokenFi ecosystem and its future.
⑤ BNB Memecoins
Jimmy Zhao | Dashboard
BNB Chain supports $1 million meme ecosystem development through Meme Innovation Program
The "BNB Chain Meme Innovation Battle" competition gave developers and the community an opportunity to showcase their creativity and compete for up to $500,000 in rewards. CAT topped the list with a total trading volume of $54.3 million. The competition successfully promoted liquidity and innovation in the BNB Chain community. In addition, as part of the program, WHY reached a market cap of $70 million.
bnbchain.org
Developers can easily create memecoins on BNB Chain using launchpads such as Four.meme, Burve, and Flap. In addition, developers can also use TokenFi or PinkSale to easily create and issue their tokens. BNB Chain's low fees, fast transactions, and large user base make it an ideal choice for creating memecoins.
dappbay.bnbchain.org
Floki and Baby Doge Coin are the two largest memecoins on BNB Chain. FLOKI currently has a daily trading volume of $2.8 million and a fully diluted valuation (FDV) of $766.4 million. Meanwhile, Baby Doge has a daily trading volume of about $1 million and a FDV of $274.1 million.
DEX Screener
Transaction Level Information: BNB Chain has allocated $900,000 USD for liquidity provision (LP) support to further develop and grow promising meme projects. All revenue from LP support funds has been reinvested in supporting further memecoin development. These funds will be directed to this dedicated LP address.
