Is this the meme coin comeback investors have been waiting for? On July 21, Binance announced it would remove the Seed Tag from six cryptocurrencies, including three meme heavyweights: PEPE, BONK, and PENGU. The market didn’t take long to react prices for all three tokens exploded upward, riding a wave of renewed momentum and bullish sentiment.
As the Altcoin Season Index finally crosses the key 50-point threshold, many are asking: is this just a temporary pump or the beginning of a new meme coin cycle?
Binance Removes the Seed Tag: A Game-Changer for Meme Coins
On July 21, Binance revealed via this announcement on X that it will officially remove the Seed Tag from BONK, PEPE, PENGU, as well as EIGEN, ETHFI, and others. This designation typically flags newer, riskier tokens on the platform but once removed, it signals increased legitimacy and confidence from Binance.
For meme coins, which often suffer from stigma and volatility, this move is massive. It not only boosts credibility but also removes certain trading limitations for users, making it easier for retail investors to get in.
Altcoin Season Confirmed? Index Breaks 50 for the First Time in Months
CoinMarketCap’s Altcoin Season Index just surged past 50 for the first time since early April, as seen in the chart below. This threshold traditionally marks the transition from Bitcoin season to altcoin season, where capital rotates from BTC into smaller, high-upside tokens including meme coins.
Source: Coin Market Cap
Over the past month, the Index jumped from 15 to 50—more than tripling. That sharp shift aligns almost perfectly with the price action we’re now seeing in PEPE, BONK, and PENGU. Whether coincidence or causality, momentum is clearly swinging in favor of riskier plays.
PEPE Price Analysis: Eyeing Previous Highs?
PEPE has rebounded from a mid-June slump and is now trading just below key resistance at $0.000014. Volume is picking up again, and the coin appears to be forming a bullish continuation pattern on the daily chart.
Source: Trading View
If it can break above the $0.0000147 mark, PEPE could retest May’s highs and possibly set up for a larger leg upward. Sentiment on X is also warming up again, with influencers calling it “undervalued” after recent consolidation.
BONK Rockets Higher: Parabolic Trend in Play
BONK has been one of the best performers in July. After breaking past $0.000018, the coin entered a parabolic run, reaching $0.000034 and showing only minor pullbacks.
Source: Trading View
Volume remains strong, and the moving averages suggest momentum is still intact. If bulls maintain control, BONK could test the $0.000040 zone next. Traders should, however, watch for volatility as meme coins often correct sharply after rallies.
PENGU’s Explosive Move: NFT Crossover Hype?
PENGU based on the Pudgy Penguins NFT brand has been one of the biggest surprises. It surged from under $0.02 to over $0.037 in just a few weeks. The rise appears tied to growing brand recognition, NFT sentiment, and increased token utility narratives.
Source: Trading View
This meme-NFT crossover is a unique angle, and the Binance Seed Tag removal has clearly catalyzed additional buying interest. With a breakout above $0.038, PENGU could quickly climb toward the $0.05 psychological level.
Final Thoughts: Meme Coin Comeback Signals Stronger Altcoin Rotation
The Binance announcement acted as a major green light for meme coins—and the timing couldn’t be better. With the Altcoin Season Index turning bullish and trading volumes climbing, investors are increasingly looking beyond BTC and ETH for bigger gains.
While meme coins still carry risk, the Meme Coin Comeback is now more than just a narrative—it’s happening in real time. PEPE, BONK, and PENGU are leading the charge, and their price action over the next few weeks could set the tone for the broader altcoin market.
Whether you’re here for the memes or the money, this rally is one worth watching.
