LetsBonk Outpaces Pump.fun in Daily Tokens as Memecoin Wars Intensify on Solana

Solana launchpad Pump.fun has taken center stage in the memecoin discourse after LetsBonk, a new market entrant, surpassed the OG memecoin platform in token creation on Sunday. With this remarkable run, LetsBonk has become the first-ever Solana launchpad to outpace Pump.fun in daily tokens launched.

Pump.fun Dethroned as LetsBonk Doubles Daily Revenue

Given that Pump.fun has topped the leaderboard since its launch in January 2024, this unprecedented trend marks a rare dominance tilt in the Solana memecoin sector. As per data from blockchain aggregator Dune, LetsBonk generated over 19,620 tokens in the past 24 hours, nearly twice that of Pump.fun’s 9,249 tokens. 

Figures from DefiLlama also show that LetsBonk surpassed Pump.fun in revenue during that timeframe, with the figures at $1.04 million and $533,412, respectively. 

Since its debut three months ago, LetsBonk has held between 2% and 18% of the Solana launchpad market share. However, the platform’s recent activity surge propelled its market share value by 58.5% on Sunday. Interestingly, Pump.fun bossed the sector with a nearly 100% market dominance, as per Dune data. But the recent trend flip saw this control wane to just 35.2% in the last session. 

Pump.fun isn’t a stranger to launchpad rivalry, having lost its top spot to Tron-based launchpad SunPump in August 2024. However, just two weeks later, the Solana launchpad flipped Justin Sun’s SunPump to regain its apex position.

Pump.fun Still Leads in Total Revenue, But Daily Activity Nosedives 

Even though LetsBonk topped the 24-hour performance, Pump.fun remains by far the top performer over a longer scale. According to figures from DefiLlama, Pump.fun raked in over $37 million in profit over the past month. In comparison, LetsBonk posted $4.5 million in revenue during the same period.

Still, the broader struggles of the Solana ecosystem have affected its overall performance in recent times. Per CoinMarketCap’s second quarter report, Pump.fun’s activity dropped in the first half of the year as interest in Solana memecoins faded.

LetsBonk and Pump.fun Advance Solana Memecoin Tools

LetsBonk has ramped up efforts to improve memecoin generation and launch for ecosystem participants of all experience levels. In May, the platform integrated with Raydium’s new LaunchLab contract, allowing users to leverage bots and better access liquidity pools.

Developments have been ongoing within the Pump.fun ecosystem. Last month, the platform outlined plans to raise $1 billion, valuing the company at $4 billion when including all potential shares. Critics slammed the move, calling it a “max extraction” event. And according to them, the move was financially motivated, rather than value-based.

Meanwhile, the platform has started the process of migrating tokens to its decentralized exchange Pump.Swap. This means Pump.fun will no longer rely on Raydium after token launches. Instead, the network now controls the entire process — from launching new tokens to trading them — all within its own platform.

BONK Surges as LetsBonk Rides Solana Memecoin Momentum

LetsBonk appears to be riding the popularity of another Solana memecoin, BONK. Currently, the memecoin is trading in the green zone, backed by strong technical indicators. 

Here’s what price action pointers show regarding BONK:

• Bonk’s price prediction is currently bullish, signaling high confidence among investors.
• The Fear & Greed Index is at 73, indicating smart money is flowing into the asset.
• Bonk has outperformed 56% of the top 100 crypto assets in the past year.
• It had 16 green days in the last 30 days and is trading above the 200-day average.

At the time of writing, the memecoin has rallied by 45% and 55% in its one-month and 7-day charts. On a 3-month scale, both the BONK token and Let’s have moved in the same northward direction. With roughly 432K followers on X (formerly Twitter), BONK remains one of the leading Solana ecosystem members. It is currently the 45th most valuable cryptocurrency, with a market cap of $1.71 billion.