PEPE’s Revenge: Is BONK’s Reign About to End? 🐸🚀

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Key Takeaways

  • PEPE has been lagging behind BONK, but with risk appetite returning, could capital rotation flip the setup?

After weeks of memecoin market snoozefest, things are heating up again. At press time, the market cap has reclaimed the $60 billion mark, rising by 7.10% with the 24-hour volume up by nearly 80%. 🎉

BONK has been the clear outlier among legacy memecoins, posting 30% monthly gains. Meanwhile, PEPE might be playing catch-up. 🐸

But will this divergence last? If risk appetite sticks around, could PEPE be gearing up for a relative breakout, ready to ride the next wave of capital rotation into memecoins? 🤔

BONK breaks out, PEPE eyes a comeback

The late June to early July leg may have marked BONK’s most structurally sound rally since the election pump. 📈

The memecoin posted a near 90% move off the $0.00001278-low, clearing three key resistance levels with sustained volume. In contrast, PEPE managed a 30% bounce from its $0.00000830 base. 😴

This divergence also played out on the BTC pairs – BONK/BTC broke through its month-long resistance zone, while PEPE/BTC continued to compress below a declining trendline. 📉

Crucially though, this divergence wasn’t a fluke. Instead, it reflected a real shift in BONK’s on-chain momentum.

In late June, daily active addresses tied to BONK surged by over 180%, with new wallet creation up 140% week-over-week. BONK.fun mints spiked, briefly flipping Pump.fun in daily volume. 🤑

Consequently, while BONK rallied by 30%, PEPE dropped by 16% in the same window, failing to attract risk-on flows. However, with BONK now stalling at BTC-pair resistance, can PEPE capitalize to absorb the next rotation? 💸

Memecoins recalibrate as risk sentiment flips bullish

With the memecoin market turning risk-on, capital rotation has been picking up pace. 🚀

With Bitcoin [BTC] breaking into price discovery, traders are now cycling into high-beta plays, chasing asymmetric upside. 🌕

PEPE is starting to front-run this rotation. It posted an 11% move in under 72 hours. Meanwhile, BONK retraced by nearly 8% after tagging the $0.000023 supply wall – A level where realized profits surged to a five-month high of $11.7 million. 📉

On the other hand, PEPE kicked off July with nearly 10k new addresses, pushing total holders to an all-time high of 11.42 million.

In fact, this on-chain expansion aligned with a clean breakout above the $0.000010-level, while PEPE/BTC printed a bullish reversal. 📈

Therefore, with BONK fading off its supply wall and risk capital rotating back into high-beta meme plays, PEPE may technically be primed to lead the next momentum cycle. 🐸💥

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2025-07-11 00:17