PONKE 24-hour increase of 84%, what's different this time in the memecoin craze

PONKE surged 84.56% within 24 hours, reaching a high of $0.07 from $0.03, with trading volume skyrocketing to $55 million. This is not just a simple price fluctuation; it reflects a multi-dimensional resonance of social media IP, project ecosystem development, and market liquidity. As a humorous monkey character that went viral on social platforms, how PONKE transitions from internet culture into the crypto market is worth close observation.

Price Trends and Market Hotness

According to the latest news, PONKE’s gains show a progressive increase across different timeframes:

From this data, it’s clear that PONKE’s rise is not a one-day event but the result of continuous accumulation over the past month. Especially the nearly 100% increase in the past 7 days indicates rapid market engagement.

Market Capitalization and Liquidity Changes

Market cap has grown from $17.8 million yesterday to $32.9 million today, an increase of $15.1 million within 24 hours. This growth corresponds with a trading volume of $55 million, reflecting the market’s activity level. Notably, the total supply of PONKE tokens is 55 million, with 100% circulation achieved, eliminating the risk of large-scale unlocks later on, which provides some support for price stability.

Three Core Driving Factors

Ecosystem Development and Partnerships

The Ponke project has evolved from a simple internet meme into a comprehensive ecosystem platform. According to the latest information, the project has established verified official nodes, peripheral stores, dedicated communities, and other product matrices, and has formed partnerships with leading organizations such as RipnDip, MoonPay, OpenSea, and the Solana Foundation. These collaborations not only enhance the project’s credibility but also create more application scenarios and utility for the PONKE token.

Multi-Chain Deployment to Expand User Base

PONKE has been deployed on Solana and Base, two mainstream blockchains. The significance of this multi-chain strategy lies in lowering transaction barriers, enabling a broader user base to participate. Especially with Base, supported by Coinbase as an L2 network, which inherently has strong user attraction. Multi-chain deployment during peak trading periods can also disperse liquidity pressure, ensuring sufficient market depth.

Cultural Hotness and Trading Sentiment Resonance

As a viral IP on social media, Ponke has inherent dissemination advantages. Its viral nature attracts a large number of retail investors, and the 24-hour trading volume of $55 million is a direct reflection of this hotness. In the memecoin market, cultural identity often translates into trading enthusiasm, and PONKE is currently in this phase of hotness release.

Market Status and Participation

According to relevant information, PONKE currently has over 70,000 holders, and community sentiment is generally bullish. In the context of the altcoin season index still being relatively low (CMC index 23/100), such a rise indicates that its popularity has surpassed the overall market trend. Meanwhile, the continued performance of top memecoins like DOGE and PEPE also creates a positive market atmosphere for the entire animal-themed coin series.

Future Directions to Watch

Whether PONKE’s rise can continue depends mainly on several factors: first, the actual progress of ecosystem applications, especially project developments with partners; second, maintaining community enthusiasm, as memecoin lifecycles are often highly correlated with social buzz; third, overall market capital rotation. Currently, the altcoin season index remains low, but if it continues to rise, PONKE could attract more institutional attention.

Summary

PONKE’s 84% increase is not an isolated event but the result of multiple factors including ecosystem development, multi-chain deployment, cultural hotness, and market liquidity. Compared to traditional memecoins, PONKE demonstrates a more complete ecosystem layout and more application scenarios. However, it’s important to recognize that memecoins tend to be highly volatile; short-term gains do not necessarily establish long-term value. Investors should focus on the project’s actual progress rather than just price movements, and remain cautious of risks associated with overheated market sentiment.