LetsBonk.fun Becomes Top Memecoin Launchpad with 54.7% Market Share, Surpassing Pump.fun in 24-Hour Volume

On July 6, LetsBonkFun has officially overtaken Pump as the leading memecoin launchpad, securing a dominant 54.7 percent market share and recording a 24-hour volume of $524 million. According to the latest data from Jupiter, LetsBonkFun is also outpacing Pump in 24-hour token mints, with 17,569 mints compared to Pump’s 9,870. However, Pump continues to attract more traders, recording 302,000 traders in the past 24 hours, while LetsBonkFun has 162,000.

This rise is particularly impressive considering LetsBonkFun’s position just one day earlier. On July 6 at 9:54 AM, Tom (@SolportTom), the founder of LetsBonkFun, reflected on the project’s progress, noting, “Not bad for a launchpad that people said wouldn’t last more than two days over two months ago,” when Pump still led with a 49.2 percent market share against LetsBonkFun’s 39.2 percent. By 7:12 PM that same evening, Tom posted an update showing that LetsBonkFun had already overtaken Pump, reaching a 45.7 percent market share and a 24-hour volume of $402 million, surpassing Pump’s 43.1 percent share and $380 million volume.

Solana’s Launchpad Battle

Detailed data from the "Memecoin Wars" dashboard on Dune, curated by Adam (@adam_tehc), reveals a decisive shift in Solana’s memecoin launchpad landscape.

From June to September 2024, daily memecoin deployments on Solana remained relatively low, averaging below 20,000 tokens per day. During this period, Moon.it and Pump shared the market, though Pump consistently held the larger share. As time passed, Moon.it’s presence gradually faded, while Pump continued to strengthen its position.

Between October 2024 and April 2025, Pump dominated the Solana memecoin launchpad space. Daily token deployments regularly exceeded 40,000 tokens per day, with several peaks surpassing 60,000 tokens in late December and early January. This was Pump’s period of near-total market control. However, starting in February 2025, daily deployments began to decline significantly, with the downward trend continuing through March. This slowdown mirrored the broader cooling across the crypto market at the time.

The landscape began to shift in April 2025, when new competitors like LetsBonkFun, LaunchLab, and Believe App entered the scene. Their token deployments quickly became visible, steadily eroding Pump’s lead. By May 2025, LetsBonkFun emerged as a key contender, consistently capturing a significant share of daily token launches. Daily deployments now show substantial contributions from LetsBonkFun, with continued participation from LaunchLab, Believe App, and other platforms. The market share chart clearly reflects this transition, as Pump’s dominance declined and LetsBonkFun frequently led daily token launches.

While Pump continued to lead in daily graduates throughout May and June, the pivotal moment arrived on July 5, when LetsBonkFun surpassed Pump for the first time. On that day, LetsBonkFun recorded 135 daily graduates, compared to Pump’s 103, marking a critical turning point in the memecoin launchpad race.

Additionally, @adam_tehc also highlighted the growing shift between LetsBonkFun and Pump, noting that over 70% of BONK runners in the past 24 hours were organic users, while 78% of Pump’s top runners were likely farms or bots.

Buybacks, Burn, and Growth: How LetsBonkFun Differentiates from Pump

Unlike Pump, LetsBonkFun allocates 50% of its revenue to a Buy/Burn program, which purchases BONK tokens from the open market and burns them to reduce the total supply. In contrast, Pump has reportedly sold its revenue in SOL without direct contributions back to the Solana ecosystem.

Trader, Rune (@RuneCrypto_) pointed out this distinction in April 2025, stating that “Pump gives nothing back to the Solana ecosystem,” while LetsBonkFun, supported by the BONK team, is structured to reinvest in Solana development and BONK token buybacks.

As of July 7, revenue data indicates that LetsBonkFun has generated a total of 50,301.39 SOL, with 34,453.01 SOL (50%) already allocated to Buy/Burn activities. Additional revenue is also distributed to BONKsol staking (15%), SBR initiatives (4%), user rewards (4%), and platform development.

As of the latest data, BONK is trading at $0.000022, reflecting an increase of over 10% in the last 24 hours. The 7-day price trend of BONK shows a clear upward momentum.