Original | Odaily Planet Daily ( @OdailyChina )
Author | Asher ( @Asher_0210 )
Letsbonk.fun is hot again.
Yesterday, BONKs Meme Launchpad platform Letsbonk.fun launched 16,797 Meme coins, exceeding Pump.funs 7,537, and for the first time, the number of coins issued in 24 hours exceeded Pump.fun.
Letsbonk.fun launched Meme Coins yesterday, surpassing Pump.fun
In addition to the number of tokens issued, Letsbonk.fun surpasses Pump.fun in many dimensions. Data disclosed by Unipcs on the X platform this morning showed that among the on-chain Launchpad platforms, Letsbonk.funs market share exceeded 50% for the first time, reaching 51%, ranking first; while Pump.fun fell below 40% for the first time, falling to 39.9%. In addition, in the past week, the market share of Bonk tokens in Solana ecosystem projects reached 18.06%, ranking first, while the second-place Pudgy Penguins and the third-place Fartcoin had market shares of only 7.76% and 7.35% respectively.
Letsbonk.funs market share exceeds 50% for the first time
So why is Letsbonk.fun popular again?
About LetsBonk.fun
LetsBonk.fun is a meme token issuance platform jointly launched by BONK, the top meme project in the Solana community, and Raydium. It is positioned as the Launchpad + creator incentive platform of the Solana ecosystem. The platform was officially launched on April 26. Its token issuance mechanism allows users to easily deploy tokens through the one-click token issuance function in the application, but there is a liquidity threshold of ≥2 SOL, which can be listed on Raydium trading after it is met. In addition, LetsBonk.funs launch has received support from the Solana official account and Solana co-founder Toly.
In terms of transaction fees, a 1% handling fee is charged for each transaction on the platform, which is used to develop the fund pool, BONKsol validators, and repurchase and destroy BONK. LetsBonk.fun uses 35% of its revenue to repurchase and destroy BONK to achieve a deflationary model, 30% to purchase and pledge BONKsol to maintain network security and liquidity; 19.2% is allocated to the ecological construction fund, 7.6% is used for strategic reserves, and the rest is allocated to technical development and operations (recruitment/growth and development/integration each account for 7.6% ), 12% is invested in user incentives and promotion, including 4% BonkRewards, 4% marketing and 4% to support community governance.
Founder Tom is working hard to promote
On June 4, Tom, the founder of the Letsbonk.fun platform, announced that he would announce favorable news for the LetsBonk.fun platform, including hosting hackathons, repurchasing USELESS, Hosico and other tokens, which will gradually revive the popularity of the LetsBonk.fun platform.
In addition to announcing favorable news about the platform, Tom has been active on the X platform almost every day in the past. In particular, he has been promoting the Chinese community almost all the time - commenting, forwarding, buying, and shouting orders. Toms hard work in promoting the platform has contributed greatly to the rapid growth of the platform.
It is worth mentioning that Bonk community member Unipcs (aka Bonk Guy) also actively participated in the promotion of LetsBonk.fun and became the head of the order. Some community members even compared Tom to Alon, the founder of Pump.fun, and compared Unipcs to Ansem. LetsBonk.fun has revitalized the deserted Meme market, and the markets love for LetsBonk.fun is constantly fermenting.
The enthusiasm of on-chain players for the LetsBonk.fun platform continues to rise
What are the leading projects?
Long Yi: USELESS
Introduction: USELESS focuses on uselessness is the use of Meme. This is a token that does not need any disguise: it does not use the banner of Layer 1, AI, or RWA, but directly tells all traders that the token is useless; the more it rises, the more useless it is, and the more useless it is, the more it rises. In addition, it is a target that Unipcs (aka Bonk Guy) has recommended and heavily invested in many long articles. Its narrative is to use the ridicule of Crypto is useless from mainstream elites such as Bill Gates and Jamie Dimon to reversely construct a self-deprecating, useless, but highly viral Meme narrative system. In addition, USELESS has received support from Tom, the founder of the Letsbonk.fun platform.
Price performance: According to GMGN data , USELESSs market value has continued to rise since the beginning of June, breaking through $300 million yesterday, and its current market value is $280 million.
Contract address: Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk
Dragon II: Hosico
Introduction: Hosico is a project launched on the first day of the launch of the Letsbonk.fun platform. Its prototype is the orange cat with 1.8 million followers on Instagram. The token team created the cosmic view of Hosico in a very warm narrative way: Child of the Stars, Guardian of Lost Dreams, a meme coin born for wishes. In addition, Tom, the founder of the Letsbonk.fun platform, has repeatedly forwarded Hosico content on X and expressed his support.
Price performance: According to GMGN data , Hosicos market value has continued to rise since the end of June last week, breaking through $75 million yesterday, and its current market value is $64 million.
Contract address: 9wK8yN6iz1ie5kEJkvZCTxyN1x5sTdNfx8yeMY8Ebonk
Long San: IKUN
Introduction: IKUN is a meme originated from a basketball performance by idol Cai Xukun in the variety show Idol Producer. The background music at that time, Just Because You Are So Beautiful, became a widely spread meme. Its adapted version is widely popular on Chinese social media. It also inspired the creative enthusiasm of netizens, resulting in a large number of secondary works. IKUN is more than just a funny project. It carries the respect of the Bonk platform for the Chinese and its determination to expand the Chinese market.
Price performance: According to GMGN data , Hosicos market value has continued to rise since the end of June last week, reaching $35 million this morning, and its current market value is $26 million.
Contract address: AtortPA9SVbkKmdzu5zg4jxgkR4howvPshorA9jYbonk
The Meme Launchpad platform on the chain may usher in a major reshuffle
With the rapid rise of Letsbonk.fun, the competitive landscape of the on-chain Meme Launchpad platform has changed dramatically. Pump.fun’s market leadership is facing unprecedented threats. With the strong publicity of its founder and the support of the Solana ecosystem, Letsbonk.fun has quickly captured a large market share and is showing a sustained growth momentum.
At the same time, Jupiter’s own Launchpad platform Jupiter Studio, launched last week, also sparked widespread discussion among on-chain players and became a new hot spot for market attention ( for more information, click here: New IPO platform Jupiter Studio went online, driving up on-chain market on the first day ).
Perhaps, only after a thorough reshuffle and the emergence of more popular meme projects can we inject new vitality into the on-chain ecosystem and start a new round of on-chain meme season.
