Next Memecoins to Explode, July 16 – PENGU, SHIB, BONK

Highlights:

• Pudgy Penguins, Shiba Inu, and BONK are the next memecoins to explode amid growing hype and surging investor interest.
• PENGU’s mobile game launch and $5K giveaway are turning heads and fueling massive trader interest.
• SHIB’s social buzz and BONK’s surging volume hint at serious momentum building behind both coins.

The cryptocurrency market is trading on a positive note on Wednesday as Bitcoin continues to trade below the key resistance level at 120k. The price fluctuations follow the release of the latest consumer inflation data in the U.S. This positive momentum has led to the market capitalization surging to $376 trillion despite a decline in the 24-hour trading volume. 

Following this broad market rally, the memecoin sector has followed suit as its market cap and trading volume surged to $68 billion and $12 billion, respectively. In the section below, let’s discuss the next memecoins to explode, such as Pudgy Penguins, Shiba Inu, and Bonk.

Next Memecoins to Explode

1. Pudgy Penguins (PENGU)

PENGU has surged from a low of $0.02897 to a high of $0.03456 before consolidating around $0.03337 at press time. Within 24 hours, it has surpassed a market cap of over $2 billion, an impressive surge considering that it is a memecoin whose adoption is in an early stage. In addition, the trading volume climbed to $1.75 billion, indicating more confidence among traders.

Pudgy Penguins are making moves as the next memecoin to explode by entering the mobile gaming world. Their new game, Pudgy Party, promises fast-paced multiplayer action with a social and collectible twist. While details on gameplay remain scarce, the game’s vibe stays true to Pudgy Penguins’ popular NFT style. 

Pudgy Party, our competitive multiplayer game, is launching soon on the @Apple App Store and @Google Play Store.

We’re giving away a total of $5,000 worth of $PENGU to 5 lucky people who RT this and follow @PlayPudgyParty.

More information below. pic.twitter.com/ruzb06gi2z

— Pudgy Penguins (@pudgypenguins) July 14, 2025

In addition, the team is running a $5,000 PENGU token giveaway, rewarding users who retweet, pre-register, and meet the eligibility requirements. The campaign lasts from mid-July to early August, targeting US residents 18 and older. Meanwhile, the $PENGU token hit a key resistance point, reaching $0.043 after the acknowledgement of its ETF. This move signals Pudgy Penguins’ shift from NFT roots toward traditional finance.

2. Shiba Inu (SHIB)

The second-largest memecoin, Shiba Inu, is trading around $0.00001388, having surged 7% in the past 24 hours. The memecoin has surged by 16% over the past week as it seeks to challenge the key resistance at the $0.00001400 mark. Its market cap and trading volume stand at $8.10 billion and $290 million, respectively.

The social activity of the Shiba Inu is gaining momentum, which makes SHIB one of the next memecoins to explode. Santiment data shows that social mentions peaked by more than 126% in a single day, the most they have been since January. This growth is indicative of an upsurge in the number of retail traders that may increase buying pressure.

Adding to the positive sentiment, market analyst Cantonese Cat noted minimal sell volume recently, highlighting the possibility of a significant price reversal. The formation “W” on the SHIB price chart also indicates this trend, informing about the impending rally in case of an increased number of purchases. The social support might further amplify this bullish trend of SHIB to become one of the next memecoins to explode.

3. BONK

BONK has been on a massive ride recently, surging by over 50% over the past week. Moreover, its market cap has surged above the $2 billion mark, while the trading volume surged to $1.45 billion. Currently, the memecoin is trading around $0.00003330, up by 18% in the past 24 hours.

BONK soared above $0.00002500 after trading below $0.00001800 at the beginning of July, which has attracted the interest of investors. According to market analyst MasterAnanda, BONK is forming a consolidation near $0.000028, and it is approaching a short-term resistance corresponding to the vital 1.0 Fibonacci expansion.

Notably, derivatives data indicate that the 24-hour trading volume increased by more than 20%, and open interest rose by 28% to $62 million. With a long/short ratio of 1.019, the market is a bit inclined to the bullish traders. As the volume increases and the underlying sentiment is bullish, BONK can possibly be one of the next memecoins to explode, given that it breaks the current resistance.