LetsBonk surpasses Pump.fun in daily revenue and number of tokens
Date: 2025-07-09 Author: Henry Casey Categories: BUSINESS
In addition, LetsBonk launched twice as many tokens - 22,000 versus 9,800 for Pump.fun, thanks to which it took first place among meme token launchpads on Solana for the first time in a long time.
LetsBonk began its work in April 2025, while Pump.fun has been a monopolist in this niche since January 2024. Despite the current success of LetsBonk, Pump.fun continues to hold the lead by the end of the month - over the past 30 days, it received $36.05 million in revenue versus $5.66 million for its competitor.
The foundation of LetsBonk's success is their meme token BONK, which has firmly established itself on Solana. The project's community has 430,000 subscribers, and according to CoinGecko, the token's market cap exceeds $1.7 billion. The daily trading volume of BONK reaches $1.2 billion. In the official statement, LetsBonk emphasizes that they believe in the sustainable future of meme coins and the development of the Solana ecosystem.
Over the past three days, 88% of the top 200 meme token creators have switched from Pump.fun to the competitor's platform, which reflects the growing popularity of LetsBonk. At the same time, in June there were rumors about the launch of Pump.fun's own PUMP token, but there was no official confirmation from the team. The founder of LetsBonk believes that BONK tokenomics are more transparent and profitable, which makes the competitor less attractive to users.
There are also reports that the PUMP token contract prohibits those who recently purchased tokens related to LetsBonk from participating in the token sale. The audience perceived this restriction more as a marketing ploy than a real condition. The planned $600 million PUMP sale via the Gate.io exchange, which was scheduled for July 12, was suddenly canceled - the sale page was removed from the site.
The meme coin market has experienced a decline after its peak in December 2024 due to many scandals and hate, which led to a decrease in liquidity and a decrease in trading volumes on Pump.fun. Negative examples include a 94% drop in LIBRA in a day and $2 billion in losses for investors in TRUMP.
The founder of Pump.fun, known under the nickname alon, emphasized that from the very beginning the goal was to make the launch of tokens safe and fair. However, research shows that activity on the platforms is largely due to bots. Analysts, including a Coinbase employee, note that most token creators on both platforms are automated accounts.
Overall, experts predicted back in May that Pump.fun's dominance would weaken with the emergence of new competitors, and current events confirm this trend. LetsBonk is steadily gaining momentum, demonstrating rapid growth and audience expansion.
