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Meme Coin SPX Shows Potential Signs of Renewed Interest Amid Market Gains and Solana Launchpad Activity

  • Meme coins have surged by 31% in the past month, outperforming all other cryptocurrency sectors despite a concentrated rally in select projects.

  • Investor Murad’s portfolio hitting a $56.9 million milestone, largely driven by SPX holdings, signals renewed confidence in meme coins as a high-return asset class.

  • On July 16, a record-breaking 19,900 meme tokens were launched on Letsbonk.fun, sparking a 60% increase in Solana launchpad activity, according to COINOTAG sources.

Meme coins lead crypto gains with a 31% rise, driven by record token launches and investor milestones, signaling a potential resurgence in 2025.

Meme Coins Lead Crypto Market Gains in Mid-2025

The meme coin sector has demonstrated remarkable strength recently, posting a 31% gain over the last month, outpacing all other cryptocurrency categories. This performance suggests that investors are increasingly viewing meme coins as viable opportunities for outsized returns amid the evolving market dynamics of 2025.

While the rally is currently concentrated in a handful of tokens such as BONK and PENGU, the momentum indicates a potential shift in investor sentiment toward riskier, high-volatility assets as the broader altcoin season gains traction. According to CoinGecko data, meme coins’ resurgence contrasts with more subdued returns in other sectors, highlighting their unique appeal during this phase.

Murad’s Portfolio Milestone Highlights Investor Confidence in Meme Coins

One of the most compelling indicators of renewed interest in meme coins is the milestone achieved by investor Murad, whose portfolio recently reached an all-time high valuation of $56.9 million. Data from Arkham reveals that this milestone was reached without any portfolio rebalancing for over eight months, underscoring a long-term conviction in meme coin assets.

Murad’s portfolio is heavily weighted toward SPX, which accounts for approximately 96% of his holdings. This concentration has been a key driver behind the portfolio’s impressive growth, reflecting SPX’s strong performance and investor enthusiasm. Arkham’s report emphasized Murad’s steady approach, noting, “Murad’s portfolio has just hit a new ATH of $56.9 million. After half a year, Murad has broken his previous portfolio all-time high set in January.”

Murad's Total Meme Coin Portfolio Value. Source: Arkham
Murad’s Total Meme Coin Portfolio Value. Source: Arkham

Record Meme Token Launches on Solana Boost Launchpad Activity

Another significant development fueling the meme coin resurgence is the unprecedented volume of new token launches on Solana’s Letsbonk.fun platform. On July 16 alone, 19,900 meme tokens were created, marking an all-time high for daily token launches. This surge has directly contributed to a 60% increase in active addresses on Solana launchpads, which now exceed 260,000, according to Dune Analytics data.

This spike in activity underscores growing developer and community engagement within the Solana ecosystem, positioning it as a hotspot for meme coin innovation and speculation. The launch of tokens like Pump.fun has further catalyzed capital inflows, attracting fresh investor interest and liquidity to the sector.

Solana Launchpads Daily Active Address. Source: Dune
Solana Launchpads Daily Active Address. Source: Dune

Market Capitalization and Future Outlook for Meme Coins

Despite the recent gains, the total market capitalization of meme coins stands at approximately $72.3 billion, still significantly below the $127 billion peak recorded in 2024. This indicates substantial room for growth if the current momentum sustains and broadens across more projects.

Market participants should monitor key indicators such as token launch volumes, portfolio valuations of prominent investors, and sector-wide performance metrics to gauge the sustainability of this trend. The evolving landscape suggests that meme coins could play a pivotal role in the upcoming altcoin season, offering both opportunities and risks for investors.

Conclusion

The recent surge in meme coin performance, highlighted by a 31% monthly gain, Murad’s portfolio milestone, and record token launches on Solana, signals a potential revival of this niche within the crypto market. While the rally remains concentrated in select projects, growing investor interest and ecosystem activity suggest meme coins may reclaim a more prominent position in 2025’s crypto landscape. Investors should remain vigilant, balancing the allure of high returns with prudent risk management.

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