In the last seven days, the segment of meme cryptocurrencies witnessed an impressive upsurge. The largest meme coins printed double-digit gains on surging trading volume. At the same time, Santiment, the leading cryptocurrency analytics team, issues a warning.
In the last 24 hours, the net capitalization of the cryptocurrency market is bleeding. While the total crypto cap is down by 3.3%, some major meme cryptocurrencies are posting decent overnight gains. Pudgy Penguins (PENGU), an NFT-linked meme coin, is up by 5.4%.
Pudgy Penguins’ (PENGU) capitalization just exceeded $1 billion. The PENGU price sits at $0.02214. In the last seven days, its price added 40%.
Some other big meme cryptocurrencies also secured pretty impressive weekly gains. A novel cryptocurrency MemeCore (M), the native coin of a meme coin-centric L1 on EVM, is up by over 1,000% in one week. M price reached $0.6823 while the asset jumped into the top 100.
Pepe (PEPE), the largest frog coin and another popular community-centric meme crypto, saw a 26.5% weekly price increase. PEPE is changing hands at $0.00001235.
SPX6900, the biggest “Murad’s meme coin,” jumped to $1.55 following a 24% price increase in the last seven days. Bonk’s (BONK) price added 22% and reached $0.00002203.
The biggest meme cryptocurrencies, Dogecoin (DOGE) and Shiba Inu (SHIB), also secured a splendid week. Dogecoin (DOGE) added 20.8% and hit $0.1985. Shiba Inu (SHIB) price hit $0.00001322 after a 15% weekly rally.
At the same time, Santiment, a reputable cryptocurrency research firm, warned that the meme coin rally might indicate that we are at the peak phase of the bull run.
Greed sentiment domination might have already entered its most overhyped stage, a new report says:
Memecoin surges are like the last stage of any rally. When speculative assets lead the market, it can indicate that greed is reaching a peak (…) When memecoins are exploding, it’s a good time to review your portfolio’s risk exposure, as this often indicates peak greed
Yesterday, on July 11, 2025, Bitcoin (BTC) price reached a new all-time high over $118,600.