LetsBonk Surpasses Pump.fun in Daily Revenue

LetsBonk’s daily revenue reached $1.23 million, placing it at the top among meme-token launch platforms, with figures twice as high as Pump.fun.

Changing of the Guard

LetsBonk began operations in April 2025. Before the emergence of competitor Pump.fun, it held a monopoly in the Solana network since its release in January 2024.

In the past day, LetsBonk has taken the lead, surpassing the “meme-coin factory” in two metrics:

• daily revenue ($1.23 million versus $520,000);
• number of tokens launched (22,000 versus 9,800).

Nevertheless, Pump.fun maintains its lead over the long term. Over the past 30 days, the platform earned $36.05 million, while its competitor earned $5.66 million.

Reasons for LetsBonk’s Success

The platform’s token, BONK, is one of the most popular meme-coins based on Solana. Community X has 430,000 subscribers. According to CoinGecko, the asset’s market capitalization is nearly $1.8 billion (ranked 58th), and its daily trading volume reached $1.2 billion.

“We are confident that meme-coins are here to stay, and we want to offer an alternative platform that believes in the future of Solana,” states a post from LetsBonk about the launch. 

In the last 72 hours, 88% of the top 200 “funny coin” creators have switched from Pump.fun to the main competitor’s platform.

Most top Pumpfun deployers have been migrating to Bonk.

Out of the top 200 serial creators on Pump, 88% have been launching tokens on the BONK launchpad (@bonk_fun)

And 76% launched more tokens on BONK than Pumpfun in the last 72 hours. pic.twitter.com/h4I0GjkTK8

— Adam (@Adam_Tehc) July 8, 2025

When PUMP?

In June, rumours emerged about a potential launch of a native PUMP token by Pump.fun. However, no official comments have been made by the project team.

“The TGE of the Pump.fun token would be a bullish catalyst for BONK and the entire BonkFun ecosystem,” believes the co-founder of LetsBonk.

In his view, BONK’s tokenomics have several advantages and are more transparent than PUMP’s. Therefore, the competitor’s announced launch only drew additional attention to LetsBonk’s coin. 

Users allegedly discovered that the PUMP contract code prohibits participation in the token sale for any address that purchased LetsBonk-related coins in the past two weeks. The audience considered the statement more of a hype chase than a real admission criterion.

Uncertainty regarding PUMP was further fueled by information about a possible $600 million token sale through the Gate.io exchange. The event was planned for July 12, but after the announcement, the page was removed from the trading platform’s website.

Stagnation of Memes

The meme-coin market, after peaking in December 2024, faced a wave of uncontrolled rug pulls, scandals, and liquidity outflows. This led to a loss of trader confidence in “funny coins” and a significant decline in Pump.fun’s trading volume over the past six months, according to Dune.

Among the most notable negative examples are:

• LIBRA — more than a 94% price drop in a day and a loss of $4.4 billion in capitalization.
• TRUMP — over 800,000 wallets collectively lost $2 billion trading the token.

“From the beginning, our goal was to standardize, automate, and democratize token creation to make every launch as safe, simple, and fair as possible,” responded the founder of Pump.fun, known as alon.

A researcher under the pseudonym Adam_Tehc concluded that the platform is overcrowded with bots. 

A similar observation was made by Coinbase product manager Conor Grogan. He published statistics on wallets that launched the most tokens on Pump.fun and LetsBonk. The majority of activity on the platforms is driven by bots.

The great majority of tokens launched on PumpFun and LetsBonk are today run by bots; the below chart pulls new tokens launched on Letsbonk over the last 24 hours. The top accounts launch, on average, one new token every 3 minutes https://t.co/b5Inljc9z9 pic.twitter.com/S1GMqcrXkG

— Conor (@jconorgrogan) July 7, 2025

Back in May, experts suggested a weakening of Pump.fun’s dominance as direct competitors emerged.