{"id":26212,"date":"2025-08-19T11:08:07","date_gmt":"2025-08-19T08:08:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26212"},"modified":"2025-08-22T17:06:33","modified_gmt":"2025-08-22T14:06:33","slug":"letsbonk-loses-80-of-market-share-in-two-weeks","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/letsbonk-loses-80-of-market-share-in-two-weeks\/","title":{"rendered":"LetsBonk loses 80% of market share in two weeks"},"content":{"rendered":"<p>Pump.fun has regained the lead in the sector, its share reaching 90%. Meanwhile its main rival, LetsBonk, has slipped to 3%, reports <a href=\"https:\/\/www.theblock.co\/post\/367266\/solana-memecoin-launchpad-war-flips-again-as-pump-takes-top-spot-amid-letsbonk-collapse\">The Block<\/a>.\u00a0<\/p>\n<p>Just two weeks ago the picture <a href=\"https:\/\/forklog.com\/en\/news\/letsbonk-surpasses-pump-fun-in-market-share\">was the reverse<\/a>: LetsBonk controlled more than 80% of the market, and Pump.fun 5%.<\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"420\" frameborder=\"0\" src=\"https:\/\/www.theblock.co\/data\/decentralized-finance\/launchpads\/tokens-graduations-on-solana-launchpads-daily-market-share\/embed\" title=\"Tokens Graduations On Solana Launchpads (Daily Market Share)\"><\/iframe><\/p>\n<p>The abrupt swing came after the biggest memecoin creators, including bots, moved en masse from LetsBonk to Pump.fun, crypto trader WazzCrypto noted, citing <a href=\"https:\/\/dune.com\/adam_tehc\/memecoin-wars\">Dune data<\/a>.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">It basically happened again in real time<\/p>\n<p>The TOP10 deployers on BonkFun (mostly bots), just started deploying en mass to Pumpfun again, and the market share shifted 90% overnight again<\/p>\n<p>You can actually see this happening onchain if u just open the explorers. <a href=\"https:\/\/t.co\/CgRsRWBzMC\">https:\/\/t.co\/CgRsRWBzMC<\/a> <a href=\"https:\/\/t.co\/77xcCcgOjj\">pic.twitter.com\/77xcCcgOjj<\/a><\/p>\n<p>\u2014 Wazz (@WazzCrypto) <a href=\"https:\/\/twitter.com\/WazzCrypto\/status\/1955416643972239396?ref_src=twsrc%5Etfw\">August 12, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe top ten token developers (mostly bots) again began to mass-issue new assets on Pump.fun, and the platform\u2019s market share increased to 90% overnight,\u201d he wrote.\u00a0<\/p>\n<\/blockquote>\n<p>Back in July, Coinbase director Conor Grogan said that most coins on memecoin-launch platforms are created by automated scripts, with some accounts doing so every three minutes.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">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 <a href=\"https:\/\/t.co\/b5Inljc9z9\">https:\/\/t.co\/b5Inljc9z9<\/a> <a href=\"https:\/\/t.co\/S1GMqcrXkG\">pic.twitter.com\/S1GMqcrXkG<\/a><\/p>\n<p>\u2014 Conor (@jconorgrogan) <a href=\"https:\/\/twitter.com\/jconorgrogan\/status\/1942283834390671377?ref_src=twsrc%5Etfw\">July 7, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As of August 18, Pump.fun had 123,847 daily active addresses, while LetsBonk had 9,614. At the start of the month the figures were 58,575 and 80,129, respectively.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/AD_4nXc2GC7mwxhqT6-cJA_LyFJZO2yn5q-ZMnlgGmO9YHnUV1fCN9qeuRrIcaIBRQR_Hygk0mEfR_UVD_4toF8zChNb0yNWKjn9Zc2ExYrMm4vbitDr4haqvdUhLZFrovWZlOP3d5Kc.webp\" alt=\"LetsBonk \u043f\u043e\u0442\u0435\u0440\u044f\u043b\u0430 80% \u0434\u043e\u043b\u0438 \u0440\u044b\u043d\u043a\u0430 \u0437\u0430 \u0434\u0432\u0435 \u043d\u0435\u0434\u0435\u043b\u0438\" class=\"wp-image-264156\"\/><figcaption class=\"wp-element-caption\">Source: Dune.\u00a0<\/figcaption><\/figure>\n<p>Over the past 24 hours, trading volume on Pump.fun exceeded $175m. On LetsBonk it was $2.6m, down from $114.5m recorded on August 1.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/AD_4nXeIGAlxMan0SyijWtWUALzrsKBIz8sKeShAhNC4wxKX1TaE52fE-ZFLzNfCeDh35hHRNbMao4wtW6tyL_HeIIepwNYSMfsseqeqHR6mjA_ZcZLyBnjlDhwA4rPyP_Ttz1mgzS8r.webp\" alt=\"LetsBonk \u043f\u043e\u0442\u0435\u0440\u044f\u043b\u0430 80% \u0434\u043e\u043b\u0438 \u0440\u044b\u043d\u043a\u0430 \u0437\u0430 \u0434\u0432\u0435 \u043d\u0435\u0434\u0435\u043b\u0438\" class=\"wp-image-264158\"\/><figcaption class=\"wp-element-caption\">Source: Dune.\u00a0<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Why Pump.fun leads<\/h2>\n<p><em>The Block<\/em> reckons Pump.fun is poaching users from LetsBonk thanks to active purchases of its native token. Last month the platform began buying it using its own profits. Earlier, <a href=\"https:\/\/www.theblock.co\/post\/357359\/pump-fun-will-distribute-protocol-revenue-to-pump-token-holders-sources\">reports emerged<\/a> that the platform intended to share revenue with PUMP holders.\u00a0<\/p>\n<p>Judging by the latest data, Pump.fun stepped up its token purchases in August.\u00a0<\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"420\" frameborder=\"0\" src=\"https:\/\/www.theblock.co\/data\/decentralized-finance\/protocol-revenue\/protocols-buybacks-in-usd-daily\/embed\" title=\"Protocols Buybacks in USD (Daily)\"><\/iframe><\/p>\n<p>On August 8 the platform also <a href=\"https:\/\/forklog.com\/en\/news\/pump-fun-launches-fund-for-meme-coins-on-solana-reclaims-sector-leadership\">launched<\/a> the Glass Full Foundation (GFF), an initiative to develop Solana\u2019s memecoin ecosystem.\u00a0<\/p>\n<p>According to SolanaFloor, LetsBonk is trying to regain ground. On August 18, it signalled plans to introduce a points programme to incentivise memecoin creators and traders.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8BREAKING: <a href=\"https:\/\/twitter.com\/bonk_fun?ref_src=twsrc%5Etfw\">@bonk_fun<\/a> has introduced a Points tab on its launchpad, suggesting plans to roll out a points system aimed at incentivizing creators and traders. The move follows a steep decline in its market share, as <a href=\"https:\/\/t.co\/VS31GZ2FXq\">https:\/\/t.co\/VS31GZ2FXq<\/a> has taken the lead across key metrics\u2026 <a href=\"https:\/\/t.co\/qOy3GPFZTp\">pic.twitter.com\/qOy3GPFZTp<\/a><\/p>\n<p>\u2014 SolanaFloor (@SolanaFloor) <a href=\"https:\/\/twitter.com\/SolanaFloor\/status\/1957431701790965807?ref_src=twsrc%5Etfw\">August 18, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At the end of July, the project also <a href=\"https:\/\/x.com\/bonk_fun\/status\/1948123326599270404\">promised<\/a> to allocate 1% of revenue to buybacks of tokens in the BONK ecosystem, but that did not stem user outflows.<\/p>\n<h2 class=\"wp-block-heading\">A new challenger\u00a0<\/h2>\n<p>In mid-month another memecoin-launch platform <a href=\"https:\/\/x.com\/heavendex\/status\/1956215123795640614\">appeared<\/a> in the Solana ecosystem \u2014\u00a0Heaven. One hundred percent of protocol revenues go to perpetual buybacks and burns of LIGHT tokens.<\/p>\n<p>The platform has already burned $1.7m worth of coins \u2014\u00a02.1% of the 1bn total supply.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/AD_4nXdYLFKJ7viuHUa0hm8-PhaOORWaLmDWa0kIt1xckcBXxUCpOOUYQB4yCp1N30wGd1TPC0XFO5xYi-Mc7xiNTtxsy6lRhBrLnQpMfbwJ6L5RPNhEwZO_IlrwBPmg3AVJtX7kR1TKnw.webp\" alt=\"LetsBonk \u043f\u043e\u0442\u0435\u0440\u044f\u043b\u0430 80% \u0434\u043e\u043b\u0438 \u0440\u044b\u043d\u043a\u0430 \u0437\u0430 \u0434\u0432\u0435 \u043d\u0435\u0434\u0435\u043b\u0438\" class=\"wp-image-264157\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/dune.com\/adam_tehc\/heaven-dex\">Dune<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Unlike Pump.fun and LetsBonk, Heaven <a href=\"https:\/\/docs.heaven.xyz\/intro\">combines<\/a> a launchpad with its own <span data-descr=\"decentralized exchange\" class=\"old_tooltip\">DEX<\/span>. Only platform-approved assets trade there. The developers manually vet each project and control liquidity. That minimises the influence of MEV bots.\u00a0<\/p>\n<p>Within a few days, the newcomer had already overtaken LetsBonk by number of tokens launched \u2014\u00a04,761 versus 434 as of August 18.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/AD_4nXdeQrBdKZyHvAWiyjw1Bg_hfsiqnrW8A8UFoUyxBrcELZqhjGQH3D2MzR5d4R71FC_fc9qaPqh443I30bA52USTptflyoV2lZT7sn3jfrc3Q9dxpyRAb0Z5s2kPhc9x6omCP7q5.webp\" alt=\"LetsBonk \u043f\u043e\u0442\u0435\u0440\u044f\u043b\u0430 80% \u0434\u043e\u043b\u0438 \u0440\u044b\u043d\u043a\u0430 \u0437\u0430 \u0434\u0432\u0435 \u043d\u0435\u0434\u0435\u043b\u0438\" class=\"wp-image-264159\"\/><figcaption class=\"wp-element-caption\">Source: Dune.\u00a0<\/figcaption><\/figure>\n<p>Earlier, the Heaven team also <a href=\"https:\/\/x.com\/heavendex\/status\/1956155767439937809\">unveiled<\/a> the Starseed programme \u2014 an analogue of Pump.fun\u2019s GFF. The initiative aims to support promising projects on the platform.\u00a0<\/p>\n<p>On August 13, the Bitcoin-based memecoin platform Odin.fun <a href=\"https:\/\/forklog.com\/en\/news\/hackers-extract-7-million-in-bitcoin-from-odin-fun-platform\">lost<\/a> 58.2 BTC (~$7m) in a hack.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pump.fun has regained the lead in the sector, with its market share reaching 90%. Its main rival LetsBonk has fallen to 3%.<\/p>\n","protected":false},"author":1,"featured_media":26213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"On 13 August, another memecoin launch platform appeared on Solana \u2014 Heaven","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1161,1715,1159],"class_list":["post-26212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-memes","tag-pump-fun","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"135","promo_type":"1","layout_type":"1","short_excerpt":"On 13 August, another memecoin launch platform appeared on Solana \u2014 Heaven","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=26212"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26212\/revisions"}],"predecessor-version":[{"id":26214,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26212\/revisions\/26214"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26213"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=26212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=26212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=26212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}