These 2 Meme Coins Are Exploding — Don’t Miss What’s Happening This Week!

Jakarta, Pintu News – The overall cryptocurrency market capitalization rose by 3.5% on July 3, reaching $3.48 trillion, after two consecutive days of decline.

This recovery was triggered by Bitcoin’s successful defense of the $105,000 support level on July 2, which triggered a reversal to a bullish trend.

The benchmark asset briefly touched a daily high of $109,600, reflecting an almost 4% gain from the previous local low, before stabilizing around $108,900. At that level, Bitcoin was only $2,900 away from its record high price.

With the improved sentiment among institutional and retail investors, analysts are now predicting that Bitcoin has the potential to break a new record high price in the near future.

Meanwhile, a number of meme coins started to attract attention again this week, driven by a combination of general market optimism and the specific momentum of individual projects.

Moo Deng

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The Moo Deng token (MOODENG) experienced a strong rally on July 3 shortly after South Korean crypto exchange Upbit announced that it would list the token today.

The memecoin jumped 31% in just 20 minutes after the announcement, bringing its total gain to over 45% on the day.

One of the main triggers for Moo Deng this week was the celebration of the first birthday of a baby pygmy hippo named Moo Deng on July 10, 2025, an event that routinely goes viral among the token’s community.

Moo Deng was born at the Khao Kheow Open Zoo, Thailand, and quickly became a global internet sensation thanks to his adorable and meme-worthy behavior.

This anniversary marks one year since its first viral surge. Previous celebrations, such as the 10-month age milestone last May, also sparked huge activity on social media that coincided with a brief but strong crypto market interest, lifting the prices of meme tokens and fan-themed NFT assets on mere speculation.

Traders expect a similar scenario to occur this time around. The enthusiasm of supporters was evident, given that even though some whales sold some of their holdings ahead of the event, the meme coin continued its rally on the back of demand from retail investors.

Technical Analysis of MOODENG

Support from the community appears strong. On-chain data from Nansen shows that token balances on exchanges decreased by 12% in the last 24 hours (3/7), as more and more token holders moved them off-exchange – often a signal that they are preparing to hold in the hope of further gains.

In the daily chart, Moo Deng’s price remains above its 20-day and 50-day moving averages, indicating continued bullish momentum as well as solid short- to medium-term trend support.

The token has also formed a round bottom pattern, a classic bullish reversal structure that often precedes a longer upside move.

Bonk

Meme coin Bonk was trading at $0.0000172 on Thursday afternoon Asian time, recording a 21% gain on July 3, with a market capitalization of $1.3 billion.

Read also: Dogecoin Sees Modest Uptick Today — But Analysts Say a 200% Surge Could Be Just Around the Corner!

Traders have been monitoring Bonk closely this week after the project team revealed plans to burn 1 trillion BONK tokens once the number of token holders reaches 1 million.

Currently, that number has reached 943.41K according to data from CoinGecko Terminal, so the target is likely to be reached in the near future.

A token burn means that the token is permanently removed from circulation, a move that is often considered bullish by market participants as a reduction in supply can increase the price impact if demand remains high.

Bonk Technical Analysis

From a technical standpoint, Bonk recently broke out of a falling wedge pattern on the daily chart – a bullish reversal formation that usually signals a sustained upward movement. The token also remains sustained above the 50-day exponential moving average, which reinforces the short-term bullish momentum.

Meanwhile, the MACD indicator has turned positive, with the signal line pointing upwards – signaling a potential shift in momentum towards buyers.

Combined, these technical signals point to a possible continuation of Bonk’s upward price trend, especially if on-chain milestones such as 1 million holders actually trigger the promised token burn.

The combination of a strong chart structure, improving sentiment, and an impending supply reduction puts Bonk in a promising position for potential price appreciation in the short term.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Crypto News. Top Memecoins to Watch This Week: Moo, Deng, and Bonk. Accessed on July 4, 2025