🚀 Week in Meme Coins: Supercycle Loading? Pengu and Bonk Lead in Sea of Green. The meme coin market exploded 22% to $72.59B! PUMP token rocketed 20% on historic $500M ICO! PENGU soared 95.32%! Let's dive into this week's meme momentum. 🧵 1/6
📈 Market Overview: Meme coin mania is back, with market cap up 22% from $59.36B to $72.59B. Major coins like BTC, ETH, SOL, XRP, and BNB paused as degens led the charge. Meanwhile, the Digital Asset Market Clarity Act gained traction, hoping for a summer Congressional vote. 2/6
⚡ PUMP Token Explosion: PUMP token soared 20% on July 16 after a new ATH, driven by pump(.)fun's $500M ICO raise in 12 minutes. The massive buyback campaign fueled its momentum, spotlighting the meme sector's explosive growth. 3/6
🏛️ Political Meme Complexity: Trump allegedly pressured Republicans on crypto bill votes, while his TRUMP meme coin complicated talks. Political meme tokens faced scrutiny as lawmakers balanced innovation and oversight. 4/6
🔮 Sector Rankings & Outlook: Meme coins maintained #2 position among crypto sectors per DeFiLlama's Narrative Tracker. The 30-day trajectory showed bullish momentum accelerating further into green territory. Top gainers moved together to signal coordinated market sentiment. 5/6
💡 Key Takeaways: 🔹 Track Digital Asset Market Clarity Act for regulatory effects. 🔹 Monitor pump(.)fun growth and copycat launches. 🔹 Follow political meme token reactions to regulations. Stay informed, stay ahead: 6/6
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