LetsBONK.fun has dethroned Pump.fun as the top Solana token launchpad after dominating the past 24 hours in both token launches and trading volume. Pump.fun’s market share has dropped below 60% for the first time, signaling a dramatic change in Solana’s memecoin landscape.
As per latest data from a Dune Dashboard, LetsBONK logged over 18,000 new token launches, outperforming Pump.fun’s 9,535 in the past 24 hours. Jupiter’s DEX data also noted LetsBONK’s 49.80% market share, compared to Pump.fun’s 40.90%.
The memecoin market on Solana is heating up. Besides Pump.fun and LetsBONK, newer platforms like Jup Studio, Moonshot, Auto.fun, and Believe are also eating into Pump.fun’s lead. Consequently, the total number of transacting wallets on Solana has also surged with notable gains.
Why LetsBONK Is Winning
LetsBONK was launched in April 2025 with it quickly becoming the popular meme coin platform and giving tough competition to Pump.Fun’s existence. One of the primary reasons behind LetsBONK’s striking dominance is its ‘giving back to community’ approach. The half of its fees buy and burn BONK tokens, boosting BONK’s long-term value. Additionally, it supports BONKsol, a liquid staking token, while funding ecosystem growth.
At the time of writing, Let’s BONK’s native token LetsBONK trades at $0.1729, with a mammoth gain of over 300% in 24 hours. Its market cap stands near $11 million, as per CoinMarketCap data.
Also Read: Solana Surges with 162 Million Daily Transactions in H1 2025
