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Meme coin bonk passes $TRUMP in market capitalization

Bonk’s $1.75 billion valuation makes it the largest meme coin on the solana blockchain.

7/7/25 12:00PM

Solana has a new meme coin leader.

Dog-based cryptocurrency bonk jumped 57.6% in the last seven days, reaching a market capitalization of roughly $1.73 billion, dethroning the president’s $TRUMP token, which sits at a $1.72 billion market cap. Bonk is now the most valuable meme coin in the Solana ecosystem and the fourth-largest meme coin overall, behind dogecoin, shiba inu, and pepe.

Crypto users have generated over $1 billion in trading volume for bonk over the last 24 hours, multitudes higher than last week when the figure was under $200 million, data pulled from CoinGecko shows.

“I don’t think bonk flipping $TRUMP has much direct signal to it when examined alone, but bonk’s re-rating is certainly important,” Ian Unsworth, cofounder of crypto research firm Kairos, said.

LetsBonk leaps in platform activity

Bonk’s price action comes as its meme coin launchpad, LetsBonk.Fun, has seen an increase in activity. LetsBonk jumpstarted a hackathon competition on Sunday as several meme coins emerging from the token launchpad have reached new all-time high valuations.

USELESS, a token that rolled out in May from LetsBonk, has had a meteoric rise and now has a market cap of $255 million with a liquidity level of $3.7 million, per analytics trading platform DexTools.

Meanwhile, LetsBonk’s daily fees on Sunday reached a record level, surpassing $1 million, according to blockchain analytics firm DefiLlama. Half of the platform’s fees generated from on-chain activity, such as token launches, are dedicated to the buyback and burning of the bonk meme coin. LetsBonk has earmarked 34,453 solana tokens, or $5.2 million at current prices, to date for the buyback and burning of bonk.

Pump.Fun, responsible for fartcoin, pnut, and Moo Deng, is one of the most successful crypto applications, generating over $830 million in fees since its inception last year. LetsBonk started in part as a response to Pump.Fun as bonk contributors noticed that smart contracts belonging to Pump.Fun have sent solana tokens stemming from its fees to centralized exchange Kraken instead of keeping the attained value within the on-chain economy.

“The bonk re-rating is largely a reflection of coiled anticipation for PumpFun exposure, and Pump is rumored to launch at $4 billion FDV [fully diluted valuation],” Unsworth told Sherwood News. Bloomberg reported in June that PumpFun is planning to raise $1 billion at a $4 billion valuation by selling tokens.

David Crowther23h

BlackRock’s bitcoin ETF is on the cusp of $100 billion in assets, a milestone it will have achieved in less than two years

While VOO might be the largest ETF in the world, IBIT — BlackRock’s iShares Bitcoin Trust ETF — is the fastest-growing. And the bitcoin-centered product is on the cusp of a major milestone, reporting that it now holds 802,257 BTC, putting it within a whisker of hitting $100 billion in assets (worth roughly $99 billion in good old-fashioned USD at the time of writing).

Considering that BlackRock’s iShares Bitcoin Trust launched only 636 days ago, that’s a remarkable speedrun, as individual and institutional investors have embraced cryptocurrency via the exchange-traded fund. For context, VOO took over 2,900 days to hit the same milestone (about eight years).

VOO vs. IBIT spead to $100 billion assets under management — Sherwood News

As noted in a great piece by Robin Wigglesworth in the Financial Times, IBIT is now a major money-spinner for one of the biggest stalwarts of TradFi. As the largest exchange-traded product in the crypto space, and with a not insignificant expense ratio of 0.25%, the ETF is pulling in somewhere in the region of $250 million of revenue for its asset manager parent company. As Wigglesworth puts it:

“Anyway, it’s heartwarming to see that one of the companies profiting the most from an anarchical, decentralised invention supposedly designed to reorder the global financial system is... BlackRock.”

Yaël Bizouati-Kennedy10/8/25

Bitcoin ETFs take in more than $2 billion in two days

Bitcoin is down 2.7% from its recent record which saw it passing $126,000, but bitcoin ETFs are still hot.

The ETFs have already amassed more than $2 billion this week, on track to surpass last week’s $3.2 billion in inflows. In total, bitcoin ETFs have just under $165 billion in assets under management, representing 6.78% of the total market cap, SoSoValue data shows.

BlackRock’s iShares Bitcoin Trust by far took the lion’s share, with $1.8 billion of inflows. The fund is also close to $100 billion in assets, despite not even being 2 years old.

Bitwise CEO Matt Hougan said in a note, “The stars are aligned for a very strong Q4 for flows — more than enough to push us to a new record,” in part thanks to the “debasement trade.”

Yaël Bizouati-Kennedy

Uptober

10/7/25

Bitcoin and its spot ETFs continue to hit new records

On Monday, bitcoin crossed $126,000 for the first time while bitcoin ETFs saw $1.2 billion in inflows.

10%

Sage D. Young10/7/25

Ethereum treasury companies and ETFs hold more than 10% of the cryptocurrency’s total supply of 120.7 million tokens.

Corporate firms own roughly 5.7 million, while ethereum reserves for ETFs stand at 6.8 million tokens, worth more than $59 billion, per data from analytics platform StrategicETHReserve.xyz.

BitMine Immersion Technologies and SharpLink Gaming have taken the top spots among treasury entities, amassing about 3.7 million ethereum tokens worth roughly $17.4 billion. SharpLink Gaming recently announced that its unrealized profits have reached $900 million since the rollout of its ethereum treasury strategy in June.

Meanwhile, BlackRock’s iShares Ethereum Trust ETF has secured the lead among spot ethereum ETFs with $18.6 billion in net assets. So far in October, $803.1 million of inflows have collectively entered the investment vehicles.

Sage D. Young

10/6/25

Ethereum passes $4,650 as spot ETFs continue strong streak of inflows

Meanwhile, BitMine Immersion Technologies now has more than 2% of the token’s supply.

Meme coin bonk passes $TRUMP in market capitalization

LetsBonk leaps in platform activity

More Crypto

BlackRock’s bitcoin ETF is on the cusp of $100 billion in assets, a milestone it will have achieved in less than two years

Bitcoin ETFs take in more than $2 billion in two days

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