Bonk dominates Solana launchpad with 80%+ volume as pump tokens fade: what’s next?
Main Idea
Bonk Fun dominates Solana's launchpad with over 80% of its volume, while short-term pump tokens are losing investor confidence, highlighting a market divide between hype coins and utility projects.
Key Points
1. Bonk Fun accounts for over 80% of Solana’s launchpad volume this week, signaling strong dominance.
2. Short-term pump tokens are crashing, leading to a decline in investor confidence.
3. A market divide is emerging between hype-driven coins and projects with real utility.
4. Bonk Fun’s utility is expanding through the LetsBonk launchpad, with analysts predicting further price increases.
5. Investors are shifting focus from volatile assets like Bonk to projects like Remittix, which offers low-fee cross-border payments and deflationary tokenomics.
Description
Bonk Fun has captured the attention of the crypto world, accounting for a staggering 80% of Solana’s launchpad volume this week. This boom in activity comes as numerous other short-term pump tokens have been unable to maintain their popularity and many traders are now making huge losses. The response of the market points to a developing divide between short and publicity-seeking trends vs high growth crypto that are based on a sense of real, enduring content. This trend is urging intelligent inv...
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