Top Meme Coins Stealing The Spotlight As Bitcoin Price Hits $118,000 ATH

bitcoinistPublished on 2025-07-12Last updated on 2025-07-12

Abstract

Meme coins have been in recovery once more after the Bitcoin price rallied to new all-time highs above $118,000. This...

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Meme coins have been in recovery once more after the Bitcoin price rallied to new all-time highs above $118,000. This rally was triggered by Donald Trump’s clamor for 3% interest rate cuts and the market responded positively to this with one of the greenest days in the last month. While the rally is expected to continue, some meme coins have stood out above others in not only their ability to rally higher, but also the fact that their communities remain some of the most vocal.

BONK Takes Over From Pump.Fun

Recent developments have seen a decline in confidence in Solana-based launchpad Pump.fun, leading to a rapid decline in market share. It has also been seeing fierce competition from LetsBonk.fun, a rival platform built and delivered by the BONK team, and for the first time last week, the latter overtook the former in terms of market share.

Given that the BONK team plans to use half of all generated fees to buy back the meme coin, interest in BONK has accelerated. This is because a notable amount of supply is expected to be bought back by the team, and the meme coin’s value is expected to rise as a result.

In response, the BONK meme coin has rallied ahead of other top coins in the category, with an over 43% increase in a 7-day period. As Letsbonk.fun’s dominance rises and the crypto market remains in a bearish trend, BONK is expected to hit new all-time highs before the cycle is over.

BONK price chart from TradingView.com (Bitcoin meme coins)
BONK retraces opens up chances for accumulation | Source: BONKUSDT on TradingView.com

USELESS Joins Top Ranks Of Meme Coins

USELESS is the latest rave on the Solana blockchain that burst into the meme coin scene back in June 2025. Since then, the meme coin has steadily built up a cult-like following on social media using its “useless” branding. What started out as an initial fad that faded after its over 50% crash quickly metamorphosed into an internet culture.

In the last few weeks, the price of USELESS has climbed steadily, with an over 5,000% increase in price. At the time of writing, the meme coin is sitting at over $300 million in market cap and doesn’t show any signs of stopping anytime soon.

USELESS has also scored the backing of some of the most important voices in crypto, including crypto trader Unipcs, popularly known as “BONK guy”. The trader has made over $7 million on his initial USELESS investment, and has publicly stated that he expects USELESS to reach a $1 billion market cap.

PEPE Remains A Major Meme Coin Player

With the Ethereum price surging alongside Bitcoin, PEPE has swam to the forefront again as one of the major meme coins to invest in. Over the years, PEPE has acted as a multiplier bet for the Ethereum price, meaning that a rise in the ETH price has often translated to a higher increase in the PEPE price.

This is seen in the Friday rally when the ETH price rose 8% after Bitcoin hit new ATHs, and the PEPE price rose by around 16% during the same time period. Thus, as Ethereum is expected to rally back above its $4,800 all-time highs, PEPE could be a good bet to corner higher gains using ETH’s rally.

 

Featured image from Dall.E, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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