Pump.fun’s Dominance on Solana Challenged by New Rivals
2025-07-05 10:16:59
Main Idea
Pump.fun's dominance on Solana has dropped below 60% for the first time as new memecoin launchpads like letsBONK.fun gain traction, contributing to Solana's network growth and increased market cap.
Key Points
1. Pump.fun's market share on Solana fell below 60% for the first time, with letsBONK.fun emerging as a strong competitor.
2. New memecoin launchpads are gaining popularity on Solana, diversifying the ecosystem.
3. Solana's market cap surged by $10 billion, reaching $79 billion, driven by increased memecoin activity.
4. SOL's price rose over 30% in late June before a pullback, trading at $147.76 at the time of writing.
5. The competition among memecoin platforms is fueling broader growth and dynamism on the Solana network.
Description
Pump.fun’s dominance on Solana dropped below 60% for the first time. New memecoin launchpads are gaining traction on the Solana network. Increasing memecoin activity contributes to the Solana network’s growth. Pump.fun’s long-standing dominance over the Solana memecoin market is facing its first serious challenge, with new on-chain data showing its market share has fallen below 60% for the first time. BREAKING: @pumpdotfun DROPS BELOW 60% MARKET SHARE FOR FIRST TIME — @bonk_fun SURGES TO ~25%!!!...
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