LetsBONK.fun Dethrones Pump.fun as Solana’s Top Memecoin Launchpad – But Is the Hype Already Fading?

Solana's meme economy just got a shakeup—LetsBONK.fun now wears the crown as the chain's biggest memecoin launch platform. But beneath the confetti, traders might be losing their appetite for the next '1000x degen play.'

The Bonk Effect: How a Dog Token Spawned an Empire

LetsBONK rode Solana's meme wave to overtake Pump.fun's throne, proving even crypto's silliest trends can mint serious infrastructure. Too bad 'serious' and 'memecoins' still mix like oil and water.

Warning Signs Behind the Metrics

Despite the platform's growth, on-chain activity suggests investor fatigue. Volume tells one story—vanishing wallets tell another. Another case of 'build it and they will come...until the next shiny thing appears.'

Solana’s Launchpad Wars Heat Up

With multiple platforms now battling for meme supremacy, the real winner might be SOL itself—every new shitcoin still means more gas burned. The house always wins, even in a casino full of dogs and frogs.

The solana ecosystem is currently experiencing substantial shifts, with LetsBONK.fun emerging as the largest memecoin in the meme sector.

According to data shared today by market analyst Satoshi Club, LetsBONK.fun has become the market leader within Solana’s meme coin market.

As per the data, LetsBONK.fun now holds 66.5% of the market share, much ahead of Pump.fun’s 22%. These figures show the rising influence of LetsBONK.fun’s engagement and community base. 

Solana’s memecoin race has a new leader.@bonk_fun now holds 66.5% of the market, well ahead of PumpFun at 22%.

PumpFun’s volume and trader count have dropped sharply, and July revenue fell to a 2025 low – down 80% since January. pic.twitter.com/8Y4AGidypx

What is LetsBONK.fun?

As per the metrics, LetsBONK.fun is currently in the top place in the Solana memecoin launchpad rankings, outplacing the long-time leader Pump.fun, indicating an interesting shift in the meme sector.

LetsBONK.fun is a memecoin launchpad network developed by BONK users through collaboration with the Raydium DEX platform. Despite its launch in April 2025, it has closed a real breakthrough of outperforming the then market leader Pump.fun in daily revenues and utility, based on last month’s market performance.

LetsBonk’s market share of the launchpad sector in Solana surged from a low of 13% to a high of over 65% in July. The record suggests that LetsBONK.fun is gaining traction. Its success could lie in its viral appeal and user friendliness, making it accessible to a broader community of ordinary users. It has enticed millions of users rapidly, possibly using the ‘low barrier to entry’ approach and simplified platform to fuel utility and engagement. The emergence of this new launchpad hints at a change in how meme coins are developed and marketed.

Why Pump.fun Is Down  

Data shows that the long-time market leader, Pump.fun, witnessed a significant revenue decrease last month, falling to $24.96 million, a massive 80% drop from its January best of over $130 million. This drastic fall hints at a wider cooling phase in the Solana memecoin sector, triggered by decreasing investor interest and a drop in new token launches. DefiLlama metrics show a decline in memecoin development and trading activity, highlighting the sector’s downturn.