BONK Plummets While Pump.fun Stands Strong – Will Bonk_fun Reclaim Dominance?

Memecoin markets reel as BONK takes a nosedive—yet Pump.fun's infrastructure holds steady against the tide. All eyes now turn to the upstart Bonk_fun, scrambling to prove it's more than just another degen casino in crypto's endless carnival of speculation.

The Resilience Factor

While BONK's chart bleeds red, Pump.fun’s protocol doesn’t flinch. No outages, no liquidity panics—just cold, automated execution. That kind of stability isn’t sexy, but it’s what separates temporary hype from actual utility.

Bonk_fun’s Uphill Battle

Can it claw back momentum? Maybe. But without a clear edge beyond branding, it’s just betting on a name—and in crypto, even the memes have expiration dates. Another day, another token trying to out-pump the pumpers.

Key Takeaways

BONK lost its launchpad dominance as Pump.fun reasserted its control. Will bonk_fun’s new Points Tab strategy recover its volume share?

After an 80% surge in July, BONK’s HYPE is finally cooling off. 

The memecoin is down 13% over the month, losing its $2 trillion market cap. In July, it spiked to $0.000040, bouncing back to its Q1 levels. With its RSI topping out, it created a classic reset setup.

However, at a price level of $0.000020, BONK gave up 50% of its value in under a month. In fact, it hit its fourth lower low, keeping the market structure bearish with no meaningful accumulation and invalidating the reset thesis.

Source: TradingView (BONK/USDT)

To put it simply, BONK’s monthly dip doesn’t look like a “buy the dip” setup. Instead, it could allude to waning investor conviction, despite the world’s largest memecoin Dogecoin [DOGE] up by 4% in a month. 

This means that BONK’s pullback isn’t just a technical blip, but a shift in sentiment. Put simply, FOMO is turning into profit-taking as holders dump into thin bullish pressure. 

However, what’s driving this shift? Well, according to AMBCrypto, it looks like devs are aware and pursuing a strategic fix to address the liquidity drain.

BONK slides as Pump.fun reclaims dominance

After a year of BONK_fun dominance, Pump.fun is clawing back control.

On 6 August, Pump.fun led on the 24-hour trading volume front, hitting $100.7 million compared to BONK_fun’s $70.6 million. In fact, on the same day, Pump.fun launched 16,000 tokens, surpassing BONK_fun’s 11,400.

Additionally, a $33 million PUMP buyback sparked a 20% token pop. The result? Pump.fun now dominates 90% of Solana’s memecoin launchpad volume. On the contrary, Bonk_fun slipped to fourth with just 0.74% market share.

Source: SolanaFloor

Traders are rotating back to Pump.fun for token drops, snapping Bonk_fun’s long streak. That streak had powered BONK’s 80% July spike to $0.000040.

Alas, the market structure is now shifting. Bonk_fun is rolling out a Points Tab to boost trader engagement and reclaim volume, rewarding token drops along the way.

Clearly, Bonk_fun is trying to push back on Pump.fun. However, Pump.fun is still hogging liquidity. Hence, while BONK’s Points Tab may be promising, it hasn’t shifted market structure yet.