LetsBonk Overtakes Pump.fun as Leading Solana Meme Coin Platform
Main Idea
LetsBonk has rapidly overtaken Pump.fun as the leading Solana-based meme coin platform, with significant growth in market share, trading volume, and token launches.
Key Points
1. LetsBonk's market share among meme coin platforms surged from 5% to 64% in one month, while Pump.fun's share dropped from 90% to 24%.
2. LetsBonk launched around 150,000 coins in the past seven days, a 14% increase from the previous week, and set a daily record of 26,600 new tokens on July 18.
3. LetsBonk's daily trading volume reached $179 million as of July 18, compared to Pump.fun's $52 million, a significant increase from less than $10 million a month ago.
4. BONK, associated with LetsBonk, saw a 185% price increase over the past month, with a market cap of $2.7 billion and daily trading volume of $1.5 billion.
5. Pump.fun raised $500 million in its PUMP token ICO on July 12, completed in just 12 minutes.
Description
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 R...
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