LetsBonk.fun continues to confidently lead the meme market on Solana, increasing its share to 66.5%.
Achievements of LetsBonk.fun in Meme Market
LetsBonk.fun has solidified its position in the meme market by attracting new creators and increasing the volume of active memes. The platform displaced Pump.fun, which now holds 22% of the market.
Activity of Tokens and Traders
On LetsBonk.fun, more than 80% of new meme tokens are generated on average. However, a significant portion of trading activity is concentrated among a few major players. Due to market conditions, many traders opt for new tokens instead of existing ones.
State of Solana Market and Its Impact
The network token SOL retreated to $163.25 after a recent market correction. Meanwhile, demand for SOL increased due to the meme market. The total value locked in Solana stands at $9.57 billion.
LetsBonk.fun continues to confidently hold leading positions in the meme space on Solana, emphasizing the importance of adapting to new market conditions.
