Pump.fun surpassed in token issuance—what's on Letsbonk.fun?
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Pump.fun surpassed in token issuance—what's on Letsbonk.fun?
With a market share of 51%, leading platform projects include USELESS, Hosico, and IKUN.
Navigating Web3 tides with focused insightsAuthor: Asher, Odaily Planet Daily
Letsbonk.fun is surging again.
Yesterday, BONK's meme launchpad platform Letsbonk.fun launched 16,797 meme coins, surpassing Pump.fun’s 7,537, marking the first time it has exceeded Pump.fun in daily coin launches.
Letsbonk.fun launched more meme coins than Pump.fun yesterday
Beyond launch volume, Letsbonk.fun has surpassed Pump.fun across multiple dimensions. Data disclosed this morning by Unipcs on X shows that among on-chain launchpad platforms, Letsbonk.fun’s market share has broken 50% for the first time at 51%, taking the top spot; while Pump.fun dropped below 40% for the first time, falling to 39.9%. Additionally, over the past week, the BONK token has dominated Solana ecosystem projects with a market share of 18.06%, far ahead of second-place Pudgy Penguins and third-place Fartcoin at 7.76% and 7.35% respectively.
Letsbonk.fun market share breaks 50% for the first time
So why is Letsbonk.fun surging again?
About LetsBonk.fun
LetsBonk.fun is a meme token launchpad jointly launched by BONK, a leading meme project in the Solana community, and Raydium. Positioned as a Launchpad + creator incentive platform for the Solana ecosystem, it officially went live on April 26. Its minting mechanism allows users to easily deploy tokens via an in-app "one-click launch" feature, but requires a minimum liquidity threshold of ≥2 SOL before listing on Raydium. The platform received support from Solana’s official account and Solana co-founder Toly upon launch.
For transaction fees, each trade on the platform incurs a 1% fee, allocated to the development fund, BONKsol validators, and BONK buybacks and burns. Of LetsBonk.fun's revenue, 35% is used to buy back and burn BONK (deflationary model), 30% purchases and stakes BONKsol to support network security and liquidity; 19.2% goes to the ecosystem development fund, 7.6% to strategic reserves, and the remainder is allocated to technology development and operations (7.6% each for hiring/growth, development, and integration). An additional 12% is dedicated to user incentives and promotion, including 4% BonkRewards, 4% marketing, and 4% supporting community governance.
Founder Tom’s Aggressive Promotion
On June 4, Tom, founder of Letsbonk.fun, announced upcoming positive developments for the platform, including hosting hackathons and buying back tokens such as USELESS and Hosico—sparking a gradual resurgence in platform热度.
Besides announcing platform benefits, Tom has been extremely active on X almost every day, especially in building the Chinese community—relentlessly engaging through comments, reposts, buys, and calls. His aggressive promotion has played a crucial role in driving rapid platform growth.
Notably, Bonk community member Unipcs (aka “Bonk Guy”) has also actively promoted LetsBonk.fun, becoming a key hype leader. Some community members have even compared Tom to Alon, founder of Pump.fun, and Unipcs to Ansem. LetsBonk.fun has revitalized the once-dormant meme market, and enthusiasm for the platform continues to grow.
On-chain interest in the LetsBonk.fun platform continues to rise
What Are the Leading Projects?
Top: USELESS
Overview: USELESS champions the idea that "uselessness is the true essence of memes." This token makes no pretense—it doesn’t claim to be Layer 1, AI, or RWA, but openly tells traders it’s useless. The higher it goes, the more “useless” it becomes—and the more “useless,” the higher it climbs. Unipcs (aka “Bonk Guy”) has repeatedly recommended and heavily invested in this asset. Its narrative flips mainstream criticism—quotes like “Crypto is useless” from figures such as Bill Gates and Jamie Dimon—into a self-deprecating, viral meme-driven story. Additionally, USELESS has strong backing from Tom, founder of Letsbonk.fun.
Price Performance: According to GMGN data, USELESS’ market cap has steadily risen since early June, briefly exceeding $300 million yesterday and currently sitting at $280 million.
Contract Address:
Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk
Second: Hosico
Overview: Hosico was one of the first projects launched on Letsbonk.fun. It is based on an orange cat with 1.8 million followers on Instagram. The team built Hosico’s universe with heartfelt storytelling—“Child of the Stars,” “Guardian of Lost Dreams”—a meme coin born for wishes. Moreover, Tom, founder of Letsbonk.fun, has repeatedly shared Hosico content on X and expressed his support.
Price Performance: According to GMGN data, Hosico’s market cap has been rising steadily since late June, peaking above $75 million yesterday and currently at $64 million.
Contract Address:
9wK8yN6iz1ie5kEJkvZCTxyN1x5sTdNfx8yeMY8Ebonk
Third: IKUN
Overview: The IKUN meme originates from Cai Xukun’s basketball performance on the variety show “Idol Producer,” where the background music “Only Because You’re So Beautiful” became a widely circulated internet joke. Its remixed versions gained massive popularity across Chinese social media, sparking extensive fan-created content. IKUN is more than just a humorous project—it symbolizes Bonk’s respect for Chinese culture and its determination to expand into the Chinese market.
Price Performance: According to GMGN data, Hosico’s market cap has been rising steadily since late June, briefly touching $35 million this morning and currently at $26 million.
Contract Address:
AtortPA9SVbkKmdzu5zg4jxgkR4howvPshorA9jYbonk
On-Chain Meme Launchpad Platforms May Be Facing Major Shake-Up
With the rapid rise of Letsbonk.fun, the competitive landscape of on-chain meme launchpad platforms is undergoing dramatic change. Pump.fun’s market leadership is facing unprecedented challenges. Leveraging strong founder-led promotion and support from the Solana ecosystem, Letsbonk.fun has rapidly captured significant market share and shown sustained growth momentum.
Meanwhile, Jupiter’s recently launched in-house launchpad, Jupiter Studio, has also sparked widespread discussion among on-chain participants, emerging as a new market hotspot (for more details, click here: New launchpad platform Jupiter Studio goes live, igniting on-chain activity on day one).
Perhaps only through a complete reshuffling—spawning more high-heat meme projects—can fresh vitality be injected into the on-chain ecosystem, ushering in a new explosive “on-chain meme season.”
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