LetsBonk Challenges Pump.fun’s Dominance in Meme Token Market

LetsBonk.fun is rapidly encroaching on Pump.fun's territory, capturing nearly 50% of the meme token market share. The platform has seen three consecutive days of expansion, outpacing Pump.fun in new token creations and graduations from the bonding curve.

On Wednesday, LetsBonk graduated 192 tokens compared to Pump.fun's 87, while new token creations surged past 22,000—more than double Pump.fun's 8,151. Despite allegations of bot-driven activity, LetsBonk has demonstrated organic growth potential, with fees reaching a record $1.36 million in the past day.

The platform now ranks 14th among fee-generating crypto applications, while Pump.fun has slipped to 20th place with $817,000. This shift underscores the volatility of the meme token sector and the potential for new entrants to disrupt established players.