BONK, BRETT and MOG rally over 10%, SHIB posts slight gains

• 
  BONK
  continues
  its
  impressive
  run
  with
  another
  10%
  growth
  in
  the
  past
  few
  hours.
• 
  BRETT
  and
  MOG
  broke
  out
  of
  the
  market
  stagnancy
  with
  a
  10%
  rally.
• 
  Non-exchange
  SHIB
  whales
  have
  been
  accumulating
  the
  meme
  coin
  in
  the
  past
  month.

BONK,
BRETT,
and
MOG
were
outliers
among
top
meme
coins
on
Tuesday
after
rallying
more
than
10%
in
the
past
24
hours.
Their
move
has
seen
them
flip
other
tokens
to
climb
the
standings
among
top
cryptocurrencies.

The
meme
coins
leading
the
market
recovery

BONK
flipped
dogwifhat
(WIF)
to
become
the
largest
Solana
meme
coin
after
rising
by
another
10%
on
Tuesday.
BONK
has
risen
nearly
30%
in
the
past
two
days
to
increase its
weekly
performance
to
a
3%
gain.
While
many
predicted
that
BONK
would
continue
a
downtrend
after
a
correction
from
its
rally
in
early
June,
the
Solana
meme
coin
has
proven
otherwise,
breaking
out
of
the
wider
market
lull
by
a
mile.

According
to
Santiment’s
data,
BONK’s
social
volume
and
dominance
have
also
increased
following
its
price,
indicating
increased
interest
in
the
meme
coin.
As
previously
mentioned,
BONK’s
recent
growth
can
partly
be
attributed
to
its
live
events
and
partnerships
with
Heliopay
and
Binance.

BONK
Social
Volume
&
Dominance

BONK’s
open
interest
(OI)
has
risen
more
than
13%
in
the
past
24
hours.
Its
rising
OI
and
growing
price
could
cause
BONK
to
see
more
growth
in
the
coming
days.

Base
meme
coin
BRETT
is
another
outlier
in
the
meme
sector
after
it
broke
out
of
the
wider
market’s
bearish

outlook
with
a
10%
rally.

Ethereum-based
Mog
Coin
also
grew
rapidly
on
Tuesday
after
soaring
more
than
12%.
This
move
has
seen
it
flip
BOME
to
become
the
eighth-largest
meme
coin
by
market
capitalization.

Other
meme
tokens
like
SHIB
and
FLOKI
saw
gains
shy
of
2%.
According
to
Santiment,
non-exchange
whales
continue
to
accumulate
SHIB
while
exchange
whales’
holdings
are
depleting.

Notably,
150
of
the
largest
SHIB
non-exchange
whales
have
increased
their
holdings
by
6.57
trillion
SHIB
in
the
past
month.
Conversely,
150
large
exchange
whales
have
reduced
their
holdings
by
5.53
trillion
SHIB.
SHIB
has
risen
about
22%
since
the
market
drawdown
on
July
5.

Meanwhile,
footballer
Lionel
Messi’s
Instagram
account
was
suspected
to
have
been
compromised
after
a
post
promoting
the
WATER
meme
coin,
a
project
several
crypto
analysts
have
flagged
as
a
potential
rug
pull.