Crypto Express

07/11 04:30

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?

#Check In Daily, Win Prizes Daily — Join the Fun!#Share Your Thoughts on Popular Assets in June#Claim1,200 USDT in the Monthly Creation Challenge#Do you think NEWT is promising?#Do you think HOME is promising?

78Condividi