Pump.fun has once again claimed the top position in memecoin launches on Solana, launching 13,690 tokens in a single day, ahead of LetsBonk.fun.
Memecoin Platform Competition
According to data from Dune Analytics, Pump.fun launched more tokens than LetsBonk.fun, which released 13,392 tokens. However, LetsBonk.fun displayed higher trading volume, totaling $87.7 million compared to Pump.fun's $82.4 million.
Pump.fun Recovery
Vincent Liu from Kronos Research noted that Pump.fun’s strong platform and the recent recovery of its PUMP token helped it regain the lead. Last month, the platform launched its token as part of an ICO that raised $600 million in just 12 minutes, although the token price later fell. Based on recent data, Pump.fun is initiating a multimillion-dollar buyback, causing its price to rise by 17.8%, though it remains 52% below its peak.
Community Support and Liquidity
The LetsBonk.fun platform, backed by the BONK token community, is integrated with Raydium’s LaunchLab and uses half of its fee income to buy and destroy BONK tokens, thereby reducing their supply. Liu also explained that the rapid growth of LetsBonk.fun is due to strong community support and effective fund management through the partnership with Raydium.
As the memecoin sector continues to evolve, the success of launchpad platforms will depend on accessibility and developments in trading infrastructure.
