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Memecoins rebound surging 30%+ as Bitcoin ATH fuels features amid DeFi rebound

A rally within the crypto market, pushing Bitcoin to a brand new all-time excessive above $121,000 on July 9, has ignited substantial features throughout a spread of altcoins, with memecoins and choose DeFi tokens posting every day will increase exceeding 30%.

The broad market uplift comes as Ethereum additionally exhibits power, crossing the $2,780 mark with a 6% achieve, buoyed by institutional curiosity and anticipation of future community upgrades.

This market-wide optimism has confirmed significantly potent for meme-based tokens, which regularly act as high-beta performs on the final crypto sentiment. The Solana ecosystem noticed a number of memecoins within the prime performers record, together with Popcat (POPCAT) and dogwifhat (WIF), which rose over 15% and 13% respectively. Different notable gainers on this class embrace Brett (BRETT) on the Base community, Snek (SNEK) on Cardano, and MOG Coin (MOG) on Ethereum, all posting double-digit share will increase.

The momentum is just not remoted to smaller tokens; Pudgy Penguins (PENGU), a undertaking with roots within the NFT area, surged over 30%. On-chain information reveals important whale accumulation for PENGU, coupled with a surge in demand from South Korean markets and chatter round a possible ETF submitting, which seem like key drivers of its efficiency.

One other memecoin, Banana For Scale (BANANAS31), skilled a greater than 26% bounce, fueled by an enormous improve in buying and selling quantity that pushed it to a brand new all-time excessive.

Largest Gainers snapshot as of press time

Past the speculative fervor surrounding memecoins, decentralized finance protocols additionally demonstrated a powerful restoration. Euler (EUL), a lending protocol, noticed its token worth climb over 12% to a brand new peak. This transfer follows the undertaking’s current integration with BlackRock’s tokenized asset fund, BUIDL, and the announcement of its forthcoming “EulerSwap” on Unichain, signaling renewed investor confidence.

Equally, Compound (COMP), the veteran DeFi lending platform, registered an 11% worth improve. Its efficiency could also be linked to current governance proposals, particularly 210 and 211, which have been supported by key stakeholders and aimed toward adjusting rate of interest fashions and reward distributions to optimize platform yields. The overall worth locked in DeFi has been on a gradual incline all through the month, offering a positive backdrop for tokens within the sector.

A number of tokens with particular utility narratives additionally posted sturdy features. ether.fi (ETHFI), a liquid restaking protocol, elevated by over 16%. The undertaking is benefiting from the continued progress of the restaking sector, a dominant narrative in 2025, and helps its token worth by a revenue-sharing mannequin that funds token buybacks.

Zebec Community (ZBCN), a decentralized fee and infrastructure protocol on Solana, rose greater than 20%. The undertaking’s current acquisition of Gatenox, a compliance and automation platform, positions it favorably inside the realms of each Decentralized Bodily Infrastructure Networks (DePIN) and Actual World Belongings (RWA).

An outlier within the record was ai16z (AI16Z), which recorded a 12% achieve. This worth spike occurred regardless of some analyses pointing to a broader bearish development for the token, indicating a short-term pump positioned it among the many day’s prime performers.

The features mirror a market pushed by a mix of Bitcoin’s file efficiency, resurgent curiosity in DeFi, and a renewed urge for food for high-beta memecoins.

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