LetsBONK has significantly outpaced Pump.fun in token launches and trading volume over the last 24 hours on the Solana blockchain, highlighting a shift in user preferences.
LetsBONK Leads with 22,109 Token Launches
LetsBONK issued approximately 22,109 tokens in a day, surpassing Pump.fun's 8,305, according to Dune Analytics. The LetsBONK launchpad also registered 216 graduate tokens compared to Pump.fun's 70. The total trading volume for LetsBONK reached $536 million, overshadowing Pump.fun's $394 million.
Trading Volumes and Community Reactions
The Solana meme token market shows changes in user engagement and preferences. Despite its successes, LetsBONK's liquidity stands at $33 million, significantly lower than Pump.fun's $440 million. Community sentiments reflect a growing enthusiasm for LetsBONK, highlighted by its pseudonymous founder Tom's comment that "this is just the beginning of the journey."
Market Dynamics of Meme-Token Launchpads
Pump.fun was historically known for controlling up to 98% of the early meme launch market on Solana. The Coincu research team suggests that evolving dynamics in meme-token launchpads could influence decentralized finance platforms, impacting market liquidity and community engagement.
LetsBONK continues to develop actively and influence the meme token market on the Solana blockchain, while Pump.fun faces new challenges in a shifting environment.
