BONK Meme Coin Launchpad Flips Pump.fun for Solana Tokens Created
The post BONK Meme Coin Launchpad Flips Pump.fun for Solana Tokens Created appeared on BitcoinEthereumNews.com. In brief LetsBonk launched 19,620 Solana tokens over the past 24 hours while Pump.fun created just 9,249. On Sunday, LetsBonk accounted for 58.5% of Solana launchpad market share, marking the first time Pump.fun wasn’t leading the sector. Useless Coin, which is currently at a $275.9 million market cap, is the largest LetsBonk token. Solana launchpad Pump.fun has been the center of the meme coin ecosystem ever since it launched in January 2024. But on Sunday, LetsBonk became the first Solana launchpad to ever flip it for daily tokens created. Over the past 24 hours, according to Dune data, Pump.fun was responsible for the creation of 9,249 tokens, while LetsBonk launched 19,620. “Going over the [more than $200,000] BONK runners in the last 24 hours it seems like most are organic,” Dune dashboard creator Adam Tech tweeted. “Less than 30% look like some type of farm. That number was 78% on Pump last I checked. If BONK takes over for good, the scammers will obviously migrate.” What is LetsBonk? LetsBonk is a launchpad that utilizes Raydium’s LaunchLab infrastructure to make it easy to create a meme coin. The project is tied to the Solana meme coin BONK, with some shared team members. Just like Pump.fun, to launch a token, users are required to fill out a basic form asking for a name, ticker symbol, description, and image. LetsBonk also allows the deployer to control the total token supply. Since its April launch, LetsBonk has seen a Solana launchpad market share ranging from 2% to 18% before its recent surge that put it at 58.5% on Sunday. Before LetsBonk’s creation, according to Dune data, Pump.fun dominated the sector at nearly 100%, whereas on Sunday it had a market share of just 35.2%. LetsBonk’s biggest winner is Useless Coin, which is currently at…
The post BONK Meme Coin Launchpad Flips Pump.fun for Solana Tokens Created appeared on BitcoinEthereumNews.com.
In brief LetsBonk launched 19,620 Solana tokens over the past 24 hours while Pump.fun created just 9,249. On Sunday, LetsBonk accounted for 58.5% of Solana launchpad market share, marking the first time Pump.fun wasn’t leading the sector. Useless Coin, which is currently at a $275.9 million market cap, is the largest LetsBonk token. Solana launchpad Pump.fun has been the center of the meme coin ecosystem ever since it launched in January 2024. But on Sunday, LetsBonk became the first Solana launchpad to ever flip it for daily tokens created. Over the past 24 hours, according to Dune data, Pump.fun was responsible for the creation of 9,249 tokens, while LetsBonk launched 19,620. “Going over the [more than $200,000] BONK runners in the last 24 hours it seems like most are organic,” Dune dashboard creator Adam Tech tweeted. “Less than 30% look like some type of farm. That number was 78% on Pump last I checked. If BONK takes over for good, the scammers will obviously migrate.” What is LetsBonk? LetsBonk is a launchpad that utilizes Raydium’s LaunchLab infrastructure to make it easy to create a meme coin. The project is tied to the Solana meme coin BONK, with some shared team members. Just like Pump.fun, to launch a token, users are required to fill out a basic form asking for a name, ticker symbol, description, and image. LetsBonk also allows the deployer to control the total token supply. Since its April launch, LetsBonk has seen a Solana launchpad market share ranging from 2% to 18% before its recent surge that put it at 58.5% on Sunday. Before LetsBonk’s creation, according to Dune data, Pump.fun dominated the sector at nearly 100%, whereas on Sunday it had a market share of just 35.2%. LetsBonk’s biggest winner is Useless Coin, which is currently at…
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