LetsBonk Surpasses Pump.fun as Top Solana Meme Coin Platform
The post LetsBonk Surpasses Pump.fun as Top Solana Meme Coin Platform appeared on BitcoinEthereumNews.com. LetsBonk’s market share among meme coin platforms has grown dramatically—from 5% to 64% in just one month. Meanwhile, former leader Pump.fun’s share has dropped from 90% to 24%, according to The Block. Over the past seven days, LetsBonk has launched around 150,000 coins, a 14% increase from the previous week. On July 18, the platform set a new daily record with 26,600 new tokens launched in a single day. On July 16, the number of launchpad-created meme coins that began trading on DEXs such as Raydium also reached a new record of 282 coins. On these DEXs, LetsBonk’s platform share is estimated at 79%, while Pump.fun accounts for 18%. LetsBonk has also become the leader in daily trading volume, with $179 million compared to its competitor’s $52 million as of July 18. For comparison, one month ago, LetsBonk’s figure was less than $10 million, while Pump.fun’s exceeded $150 million. The surge in transactions has led to a sharp rise in commission income. Last week, LetsBonk earned over $8 million in commissions, while Pump.fun brought in about $4 million. BONK grows on the back of LetsBonk’s success According to CoinGecko, BONK has risen in price by 185% over the past month. The asset’s market cap has reached $2.7 billion (55th place), and its daily trading volume is $1.5 billion. At the time of writing, BONK is trading at $0.000035, according to TradingView. A 1-hour chart of BONK/USDT on Binance reflects this activity. Source: TradingView. LetsBonk token is now one of the most popular Solana-based meme coins. The LetsBonk community on X (formerly Twitter) has amassed over 440,000 followers. It is also noteworthy that on July 12, Pump.fun held the PUMP token ICO, raising $500 million. The token sale was completed in just 12 minutes. Almost 60% of pre-sale participants sold their…
The post LetsBonk Surpasses Pump.fun as Top Solana Meme Coin Platform appeared on BitcoinEthereumNews.com.
LetsBonk’s market share among meme coin platforms has grown dramatically—from 5% to 64% in just one month. Meanwhile, former leader Pump.fun’s share has dropped from 90% to 24%, according to The Block. Over the past seven days, LetsBonk has launched around 150,000 coins, a 14% increase from the previous week. On July 18, the platform set a new daily record with 26,600 new tokens launched in a single day. On July 16, the number of launchpad-created meme coins that began trading on DEXs such as Raydium also reached a new record of 282 coins. On these DEXs, LetsBonk’s platform share is estimated at 79%, while Pump.fun accounts for 18%. LetsBonk has also become the leader in daily trading volume, with $179 million compared to its competitor’s $52 million as of July 18. For comparison, one month ago, LetsBonk’s figure was less than $10 million, while Pump.fun’s exceeded $150 million. The surge in transactions has led to a sharp rise in commission income. Last week, LetsBonk earned over $8 million in commissions, while Pump.fun brought in about $4 million. BONK grows on the back of LetsBonk’s success According to CoinGecko, BONK has risen in price by 185% over the past month. The asset’s market cap has reached $2.7 billion (55th place), and its daily trading volume is $1.5 billion. At the time of writing, BONK is trading at $0.000035, according to TradingView. A 1-hour chart of BONK/USDT on Binance reflects this activity. Source: TradingView. LetsBonk token is now one of the most popular Solana-based meme coins. The LetsBonk community on X (formerly Twitter) has amassed over 440,000 followers. It is also noteworthy that on July 12, Pump.fun held the PUMP token ICO, raising $500 million. The token sale was completed in just 12 minutes. Almost 60% of pre-sale participants sold their…
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