Recent analysis has shown that the token launchpad Pump.fun has significantly increased its market share of memecoins, surpassing Letsbonk.fun.
Change of Leadership in the Memecoin Market
According to Dune Analytics, as of August 18, 2025, Pump.fun now accounts for 93.7% of daily token listings on decentralized exchanges, while Letsbonk.fun has plummeted to just 3.2%.
Impact of Buybacks and Bots
Some analysts attribute this shift to the active buyback of PUMP tokens and the migration of top memecoin creators, many of whom are bots, from Letsbonk.fun to Pump.fun. The ten largest users—mostly automated accounts—have reportedly switched platforms, triggering a rapid rise in Pump.fun’s market share.
Letsbonk.fun's Strategies to Regain Ground
Meanwhile, Letsbonk.fun is trying to claw back its influence. The platform recently introduced a 'Points' tab in its dashboard, suggesting a new rewards system for users. Developers have also pledged to allocate 1% of revenue to buybacks of top BONK ecosystem tokens.
Thus, the situation in the memecoin market continues to evolve, with Pump.fun solidifying its position significantly while Letsbonk.fun faces challenges in the race for user attention.
