Pump.fun Loses Market Dominance as LetsBonk Captures Meme Coin Traders


  Pump.fun's market share plummeted to just 19% of Solana launchpad tokens Saturday, down from 88% a month ago.


LetsBonk now accounts for 69% of token deployments, facilitating most top meme coin launches on #Solana.


The platform's revenue dropped to under $200,000 Sunday, compared to $1 million a month prior.


  Pump.fun's native token hit a fresh low of $0.002, falling 60% over 12 days following its controversial ICO.


Co-founder Alon Cohen confirmed no immediate airdrop plans, disappointing the community.


LetsBonk's top token DEBT reached a $14.8 million market cap, while   Pump.fun's best performer INCEL hit $531,000.


Solana co-founder Anatoly Yakovenko recently dismissed meme coins as "digital slop" with no intrinsic value.

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July 28, 2025 at 11:22 PM
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