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Meme coin launchpad LetsBONK has dethroned its competitor Pump.fun as the top platform for Solana-based meme coin activity, according to data from Dune Analytics.
LetsBONK Overtakes Pump.fun
According to Dune dashboard creator Adam_Tehc, LetsBONK surpassed Pump.fun in 24-hour token launches early Sunday morning. By Sunday afternoon (U.S. time), the gap had widened significantly, with LetsBONK recording approximately 15,600 token launches in the previous 24 hours, compared to Pump.fun’s 11,500.
Based on the latest data from the Dune dashboard, LetsBONK recorded 18,093 token launches, nearly double Pump.fun’s 9,535 within the same period.
Moreover, Dune Analytics data also shows that LetsBONK overtook Pump.fun in daily token deployments. While Pump.fun previously dominated the memecoin launch space, its activity has steadily declined since May 2025. In contrast, LetsBONK, which launched in late April, has seen rapid growth and now consistently leads in daily token creation.
In addition, as of writing, trading data from DEX aggregator Jupiter showed LetsBONK capturing 55.20% of market share in meme coin trading, ahead of Pump.fun’s 34.90%.
Coin World also reported that LetsBONK now holds nearly 25% of the Solana meme coin launch market. Its most notable success is Useless Coin, which has reached a $264 million market capitalization.
Last month, ChainPlay also reported that Pump.fun’s dominance in the Solana meme coin launchpad space dropped significantly from over 98% to 57.5%, as newer platforms like LetsBONK (17.9%), Believe (12.9%), and LaunchLab (5%) rapidly gained market share.
What is LetsBONK?
Developed by the BONK community in partnership with Solana-based DEX Raydium, LetsBONK claims to be a community-driven meme coin launchpad. It quickly gained momentum by offering no-code token creation and instant liquidity via Raydium and Jupiter, a Solana-based DEX aggregator.
The platform allows users to mint tokens in just a few clicks, with features such as transparent fees, bonding curve pricing, and integrated trading. It also offers incentives for high-performing AI-themed meme coins.
Fees collected are reinvested into platform development, network security, and $BONK buybacks and burns. In its first three days, LetsBONK facilitated the launch of over 2,700 tokens, generated more than $800,000 in fees, and contributed to a 50% surge in the BONK token price.
LetsBONK earns revenue through platform fees and allocates half toward buying and burning $BONK, contributing to the utility and value of the Solana-based meme coin.
Recent Pump.fun Update
Last month, rumors that Pump.fun plans to raise $1 billion through a token sale at a $4 billion valuation have stirred mixed reactions in the crypto community, causing Solana’s price to dip 3%.
In the same month, X suspended the accounts of Pump.fun and its co-founder Alon Cohen, along with over 20 other crypto-related accounts, in a sweeping crackdown. While X did not provide specific reasons, users speculated the suspensions were linked to banned third-party API use. The X accounts are all now accessible.
Earlier this year, a lawsuit was filed accusing Pump.fun of enabling pump-and-dump schemes and earning nearly $500 million from unregistered securities, further intensifying scrutiny of the platform.
Pump.fun is a Solana-based meme coin launchpad and trading platform that allows users to create and trade tokens instantly without any coding knowledge. Launched in January 2024, it has become a central hub for meme coin activity, enabling users to mint tokens using just a Solana wallet and trade them immediately via a built-in bonding curve.
The platform features a “graduation” system that allows successful tokens to be listed on decentralized exchanges. Additional features include livestreaming tools for token promotion and a social layer where wallets serve as pseudonymous user profiles, combining crypto trading with online community dynamics.
This article is published on BitPinas: LetsBONK Overtakes Pump.fun as Leading Solana Meme Coin Launchpad
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