Next Memecoins to Explode, July 5 – BONK, PENGU, FARTCOIN

Highlights:

• BONK has gained 10.81% as the token burn nears and holders move closer to the one million mark.
• PENGU is showing strong momentum as it eyes a breakout above the $0.0177 resistance.
• FARTCOIN has reclaimed the $1.21 level and is targeting $1.5502, backed by the Solana ETF rally and bullish market sentiment.

The crypto market is down as investors panic at the movements of whales in the market. 8 Satoshi-era whales have moved their BTC to exchanges, and investors anticipate a huge sell-off. Moreover, the crash can be attributed to the fading hopes of a July Fed cut as odds for the rate to remain unchanged hit 90%. As of press time, the overall market cap is down 1.05% to $3.33 trillion. In addition, the trading volume is down 14.15% to $94.38 billion. Meanwhile, total crypto liquidations stand at $200.18 million, according to CoinGlass data.

As of press time, the memecoin market cap is down 3.4% to $57 billion, according to CoinGecko data. Despite the fear in the market, here are the next memecoins to explode.

Next Memecoins to Explode

1. Bonk (BONK)

BONK, a Solana-based memecoin, is trading at $0.00001862, representing a 10.81% increase over the last 24 hours. The market cap stands at $1.49 billion, and the trading volume has increased by 17.41% to $545 million. BONK has gained 37.4% on the weekly chart and 19.23% on the monthly chart, making it one of the next memecoins to explode.

BONK is edging closer to a critical milestone that could reshape its tokenomics. Once the number of unique holders hits one million, a pre-announced burn of one trillion BONK tokens will be triggered. With current holders approaching 944,052, the target appears within reach.

When $BONK hits 1 million holders it will burn 1 Trillion tokens – almost there…keep Bonking pic.twitter.com/aiSNipI3ne

— SOL Traveler (@_Sean_Willis_) July 5, 2025

The planned burn is designed to reduce circulating supply and will potentially boost the long-term value by increasing scarcity. Meanwhile, a popular analyst has predicted that the memecoin might hit $0.000034 once the one million mark is reached.

2. Pudgy Penguins (PENGU)

PENGU is trading at $0.01652, representing a 2.35% increase over the last 24 hours. The market cap stands at $1.03 billion. Meanwhile, the trading volume has dropped by 38.29% to $314 million. The coin has been on an upward trajectory, gaining 46% in the weekly chart. In addition, it scored a 66% increase in the monthly chart.

According to a recent analysis by popular analyst Ali, PENGU has reclaimed the key $0.0121 level with strong momentum. The coin is now targeting the $0.0177 Fibonacci zone. A confirmed breakout above this zone could open the path to $0.0272. The last buy signal appeared near $0.0070.

$PENGU flipped into a “buy” on the SuperTrend indicator, rallying over 90% in the past week. A move above $0.018 could set the stage for another leg up to $0.028! pic.twitter.com/UHxNUZDnbz

— Ali (@ali_charts) July 4, 2025

The zone now acts as a strong support. The price also flipped the $0.0101 level into support after consolidation. Sellers rejected a breakout in May near $0.0177. However, bulls now are pushing the price back into that resistance. If momentum holds, $0.0344 may be the next target.

3. Fartcoin (FARTCOIN)

Fartcoin, a Solana-based memecoin, is trading at $1.21, with a 2.37% increase in the past 24 hours. The market cap has increased to $1.21 billion. However, the trading volume is down 40.29% to $136 million. Despite the drop in trading volume, the memecoin has gained 16.67% and 38.99% on the weekly and monthly charts, respectively.

The recent launch of the first Solana ETF this week has triggered a major rally for Solana-based tokens. FARTCOIN has reclaimed the key resistance zone at $1.21 and is now trading above this level with strong bullish momentum. Buyers pushed the daily candle to close near the highs. The next target stands at $1.5502. This level previously acted as a major resistance zone.

The price of the memecoin must break the zone to continue higher. On the downside, strong support sits at $0.9371. The bulls defended this level during the June sell-off. A breakout above $1.2169 signals renewed strength. If momentum holds, buyers could retest $1.5502 in the short term.