PUMP rebounds over 60%, Group Coins may become the deciding factor in this Meme race
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PUMP rebounds over 60%, Group Coins may become the deciding factor in this Meme race
PumpFun is quickly taking steps to try to reclaim market share.
Navigating Web3 tides with focused insightsAuthor: @insomniac_ac
Translation: AiddiaoJP, Foresight News
Background
Pumpfun is locked in a meme coin arms race with Solana rival LetsBonk.fun, as both platforms roll out new features to attract traders.
LetsBonk.fun launched in April 2025 and quickly surpassed Pumpfun in daily activity by mid-July, peaking at 28,000 tokens issued per day compared to Pumpfun’s low of just 3,500.
At the time, LetsBonk also led in trading volume (daily $179 million vs. $52 million) and fee revenue (14.51 million USD over the past 30 days vs. 23.29 million USD).
However, recently Pumpfun has made a comeback, creating over 15,000 tokens in 24 hours, overtaking its competitor.
Pumpfun Revenue
LetsBonk Revenue
Built around Solana's BONK token, LetsBonk markets itself on a "community-first" philosophy. It launched a governance token and offers creators a 1% share of trading fees—far above the 0.05% that Pumpfun later introduced. The team explicitly reinvests fees into the ecosystem—for example, 50% of LetsBonk fees are used to buy back and burn BONK, while 8% goes into a reserve fund—a move that proved popular with users.
By July, community sentiment had turned against Pumpfun’s perceived “cash grab” strategy, with many early users dumping their holdings after PUMP’s initial coin offering on July 12, despite raising up to $500 million. The token price immediately crashed over 50% from its all-time high post-launch, forcing Pumpfun to launch a multi-hundred-million-dollar buyback program to stabilize the price.
Under pressure, Pump.fun adjusted its strategy to regain market share. In May, it began sharing 0.05% of swap fees with token creators, an effort aimed at discouraging instant rug-pulls and rewarding sustained community building.
The latest update on August 8 marked a bolder step in this direction.
Pumpfun announced "Group Coins," a feature set supporting team-based token launches, offering collaboration tools for meme coin creators. This update introduces "Squads" (multiple developers co-issuing tokens), multisig wallets for project funds, and competitive launch categories (e.g., leaderboards or contests for new tokens).
The goal is to bring more structure and trust to the chaotic meme market while fundamentally addressing Pumpfun’s long-standing issues like rug pulls, inactive tokens, and diluted trading volume. By enabling team-issued tokens with multisig control, Pumpfun aims to curb solo scam tokens and encourage community-driven, long-term projects. It's also an attempt by Pumpfun to differentiate itself from BONKBot’s ecosystem by fostering a more social and collaborative environment.
Notably, the "Group Coins" update follows other major moves by Pumpfun—the fee-sharing rollout and PUMP token launch—and forms part of a broader strategy to win back creators and traders who migrated to LetsBonk. If early criticism was that Pumpfun developers pocketed fees without giving back to the community, these recent changes directly respond to that narrative. For instance, Pumpfun now shares revenue with creators and has hinted at potentially sharing revenue with PUMP holders in the future.
By providing multisig security for "Squads," the platform signals a commitment to legitimacy; no one wants to get rugged, and multisig teams can help filter out bad actors. In short, Pumpfun is catching up by embedding community incentives and safeguards into its model—elements that LetsBonk prioritized from day one.
Solana’s meme coin community immediately took notice of Pumpfun’s "Group Coins" announcement, with many viewing it as a smart pivot. Pumpfun co-founder @a1lon9 had teased days earlier that there would be a “major announcement about organic community tokens,” and the actual update brought a wave of cautious optimism.
Some Twitter traders praised the team launch concept as a way to “bring more legitimate teams into meme coins.” Others hope multisig control will restore some trust and serve as an antidote to the Wild West-style rug culture.
Pumpfun’s token even rose 15% in the days following the news, partly fueled by at least one whale bet: on August 5, on-chain detectives spotted a whale purchasing 1.06 billion PUMP tokens worth $3.3 million and opening a 3x long position ahead of the update. Such a large bet suggests insiders expect Pump.fun to regain users and trading volume through these changes.
Still, skeptics remain. Some in the community joked that "Group Coins" are just "Group Rugs," implying dishonest developers might collude to scam together. On X, influential trader Byzantine General harshly criticized Pumpfun’s decline as a “failure” and “a generation’s mistake,” doubting whether new features can fully recover lost ground. “They once had all the market share and completely messed it up… somehow managed to lose the market—ridiculous,” he bluntly stated.
From this perspective, Pumpfun’s reputation won’t be repaired overnight. Critics also point out that LetsBonk still offers creators far better incentives (1% fee share vs. Pumpfun’s 0.05%), meaning Pumpfun may need to do more to win back top meme creators.
Outlook and Predictions
So what does all this mean for the future battle between Pumpfun and BONKBot? In the short term, Pumpfun’s "Group Coins" update could narrow the gap between them. Currently, Pumpfun has already regained the lead in daily token issuance, suggesting some creators are returning.
If the new features work as intended, team-based launches could accelerate this trend. We may see more meme projects formed by teams—such as influencer collectives, developer collaborations, or DAO-like communities—choosing Pumpfun as their launchpad. This leverages Pumpfun’s traditional advantage in volume while adding a layer of quality control.
In other words, if multisig squads catch on, the average “seriousness” of Pumpfun tokens might rise. More legitimate projects and fewer one-off scams could lure traders who previously stuck with LetsBonk. This is Pumpfun’s attempt to shift its image from a “casino” to something more community-driven—without entirely abandoning its speculative nature.
LetsBonk Daily Active Wallets
Yet BONKBot isn’t standing still. LetsBonk still boasts a hardcore community and brand identity and has been more innovative than Pumpfun over the past few months.
Pumpfun’s belated response addresses some concerns, but BONKBot may strike back in kind. If Pumpfun’s PUMP token starts offering extra perks like fee discounts, revenue sharing, and enhanced launch features, LetsBonk might respond by launching a token that further incentivizes its community—through airdrops or larger rewards for creators and traders using its platform.
In fact, LetsBonk already indirectly rewards its ecosystem by allocating 50% of its fees toward buying back and burning BONK and supporting validators. To keep pace, Pumpfun may need to consider increasing creator rewards or introducing new incentives for PUMP holders. Competitive pressure is rising—it’s an arms race of features and rewards that will ultimately benefit Solana meme coin traders, giving the community better terms.
Pumpfun vs. LetsBonk Revenue Comparison
From a trader’s standpoint, Pumpfun’s near-term outlook is cautiously optimistic. The platform is clearly working to rebuild credibility, and if "Group Coins" lead to some headline-grabbing token launches, it would validate Pumpfun’s strategic shift.
In the coming weeks, we may see Pumpfun’s market share gradually climb back above 50%. Some traders have already positioned themselves for this reversal. PUMP’s price has risen over 30% since August, signaling growing confidence in Pumpfun. Further structural upgrades could attract more liquidity: big players who previously avoided Pumpfun due to rug risks might re-enter if multisig teams become standard practice.
On the other hand, BONKBot’s prospects remain strong. It still leads in user trust and community sentiment. Many traders genuinely appreciate the atmosphere and transparency of the BONK ecosystem. Even if Pumpfun regains a quantitative edge, LetsBonk retains loyal users.
Pumpfun’s new features must not only generate more token launches but also boost active trading volume and user retention to truly outcompete BONKBot in the long run. We must watch whether the average lifecycle (and trading volume) of Pumpfun tokens increases with team launches. If not, and the update merely spawns “team pump-and-dumps,” then Pumpfun may still fail to solve its core problems, and BONKBot could continue leading in key metrics like trading volume and fee revenue.
Summary
The core of the competition between Pumpfun and BONKBot lies in community incentives and platform trust. BONKBot gained early advantages through higher fee sharing (1%) and ecosystem buybacks, while Pumpfun is now trying to win back users with "Group Coins" (multisig team launches) and minimal fee sharing (0.05%).
Pumpfun’s "Group Coins" update marks a pivotal moment in this rivalry. It shows Pumpfun shifting from pure speed and “Christmas tree-style” launches toward a more grounded strategy—essentially adopting BONKBot’s community-first approach.
For Solana meme coin traders, this is good news: competition is pushing both platforms to improve launch mechanisms, introduce fairer reward systems, and drive innovation. If Pumpfun can capitalize on this momentum, it now has a real chance to close the gap with BONKBot. Watch closely in the coming weeks—the community mood has shifted from outright hostility to a mix of hope and skepticism.
In the end, Pumpfun’s latest moves could level the playing field with BONKBot by the end of 2025. The Solana meme coin market is expected to remain volatile and highly competitive, but likely healthier than it was just months ago.
If "Group Coins" succeed, the era of solo Christmas tree scams may gradually fade, giving way to more team-driven meme projects competing for the next 100x gain—offering new opportunities for traders on both Pumpfun and BONKBot.
As the "team token" era unfolds, we’ll continue monitoring developments. But for now, the race is far from over—and for those participating, that’s a bullish signal.
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