BONK Meme Coin Launchpad Flips Pump.fun for Solana Tokens Created

Solana launchpad Pump.fun has since been the center of the Meme Coin ecosystem launched in January 2024. But on Sunday, Lacong was the first Solana Launchpad that once turned it around for daily tokens.

In the last 24 hours, according to Die dataPump.Fun was responsible for creating 9,249 tokens, while Letsbonk launched 19,620.

‘Go over the [more than $200,000] Bonk runners In the last 24 hours it seems that most are organic, “Dune Dashboard maker Adam Tech tweeted. “Less than 30% look like a farm. That number was 78% on the pump that I checked. If Bonk takes over, the scammers will clearly migrate.”

What is Letsbonk?

Letsbonk is a launch path that uses Raydium’s Launchlab -infrastructure To make it easy to make a meme coin. The project is bound by the Solana Meme Coin BonkWith a few shared team members. Just like Pump.Fun, to start a token, users must fill in a basic form to request a name, ticker symbol, description and image. Letsbonk also enables the implementation to arrange the total token stock.

Since the launch of April, Letsbonk has seen a market share of Solana Launchpad from 2% to 18% before the recent increase that it yielded 58.5% on Sunday. Before the creation of Letsbonk, according to Die dataPump.Fun dominated the sector at almost 100%, while on Sunday it had a market share of only 35.2%.

The biggest winner of Letsbonk is Useless currencywhich currently has a market capitalization of $ 275.9 million, followed by Hosico Cat for $ 69 million, and Ikun For $ 25.4 million. In the meantime, Pomp.Fun’s largest tokens Are Crooked On a market capitalization of $ 1.2 billion, $ 505 million, and Peanut For $ 221 million.

De Bonk, Raydium and Pump.Fun teams did not respond immediately DecryptThe request for comments.

This is not the first time that Pump.Fun has confronted a challenger for his throne. In August last year it was turned through Tron-based launchpad Sunpump Follow a viral campaign from Tron Creator Justin Sun. Sunpump’s moment in the spotlight was short -lived, with pump. Fun who still housed his crown two weeks later. Sunpump has since faded into darkness and processed according to only three transactions on Tuesday, according to Dune.