Original | Odaily Planet Daily (@OdailyChina_)
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Letsbonk.fun is on fire again.
Yesterday, the Meme Launchpad platform Letsbonk.fun under BONK launched 16,797 Meme coins, surpassing Pump.fun's 7,537, marking the first time the 24-hour issuance quantity exceeded Pump.fun.
Letsbonk.fun launched more Meme coins than Pump.fun yesterday
In addition to the number of issued coins, Letsbonk.fun surpassed Pump.fun in multiple dimensions. Data disclosed by Unipcs this morning on the X platform shows that Letsbonk.fun's market share on the on-chain Launchpad platform has surpassed 50% for the first time, reaching 51%, ranking first; while Pump.fun has dropped below 40% for the first time, falling to 39.9%. Additionally, in the past week, the market share of the Bonk token in the Solana ecosystem projects reached 18.06%, ranking first, while the second place, Pudgy Penguins, and the third place, Fartcoin, had market shares of only 7.76% and 7.35%, respectively.
Letsbonk.fun's market share has surpassed 50% for the first time
So, why is Letsbonk.fun on fire again?
LetsBonk.fun Introduction
LetsBonk.fun is a Meme issuance platform jointly launched by the leading Meme project BONK from the Solana community and Raydium, positioned as a Launchpad + creator incentive platform for the Solana ecosystem. The platform officially launched on April 26, and its issuance mechanism allows users to easily deploy tokens through the in-app "one-click issuance" feature, but there is a liquidity threshold of ≥2 SOL; once met, tokens can be listed for trading on Raydium. Furthermore, LetsBonk.fun has received support from the official Solana account and Solana co-founder Toly.
In terms of transaction fees, each transaction on the platform incurs a 1% fee, which is used for developing the funding pool, BONKsol validators, and repurchasing and burning BONK. LetsBonk.fun uses 35% of its revenue to repurchase and burn BONK to achieve a deflationary model, 30% to purchase and stake BONKsol to maintain network security and liquidity; 19.2% is allocated to the ecological construction fund, 7.6% for strategic reserves, and the remaining is distributed to technical development and operations (7.6% each for recruitment/growth and development/integration), with 12% invested in user incentives and promotions, including 4% for BonkRewards, 4% for marketing, and 4% for supporting community governance.
Founder Tom's Efforts in Promotion
On June 4, Tom, the founder of the Letsbonk.fun platform, announced that he would reveal positive news about the LetsBonk.fun platform, including hosting hackathons and repurchasing tokens like USELESS and Hosico, gradually reviving the platform's popularity.
In addition to announcing positive news about the platform, Tom has been active on the X platform almost every day, especially in building the Chinese community, tirelessly promoting—through comments, retweets, buying, or calling out. Tom's relentless promotion has played a significant role in driving the platform's rapid growth.
It is worth mentioning that Bonk community member Unipcs (aka 'Bonk Guy') has also actively participated in promoting LetsBonk.fun, becoming a "call leader." Some community members even compared Tom with Pump.fun's founder Alon, likening Unipcs to Ansem. LetsBonk.fun has revitalized the once quiet Meme market, and the market's affection for LetsBonk.fun is continuously fermenting.
On-chain players' enthusiasm for the LetsBonk.fun platform is steadily rising.
What are the leading projects?
Leader One: USELESS
Introduction: USELESS focuses on "the uselessness of usefulness, which is the essence of Meme," and is a token that requires no disguise: it does not claim to be Layer1, AI, or RWA, directly telling all traders that the token is useless; the more it rises, the more "useless" it becomes, and the more "useless" it is, the more it rises. Additionally, Unipcs (aka 'Bonk Guy') has repeatedly recommended and heavily invested in it. Its narrative is built around the phrase "Crypto is useless," a mockery from mainstream elites like Bill Gates and Jamie Dimon, creating a self-deprecating, useless, yet highly viral Meme narrative system. Furthermore, USELESS has the support of Letsbonk.fun platform founder Tom.
Price Performance: According to GMGN data, USELESS's market cap has been continuously rising since early June, surpassing $300 million yesterday, with a current market cap of $280 million.
Contract Address: Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk
Leader Two: Hosico
Introduction: Hosico is a project launched on the first day of the Letsbonk.fun platform, inspired by an orange cat with 1.8 million followers on Instagram. The token team has created a warm narrative for Hosico's universe: "Child of the Stars," "Guardian of Lost Dreams," a meme coin born for wishes. Additionally, Letsbonk.fun platform founder Tom has frequently retweeted Hosico content on X and expressed support.
Price Performance: According to GMGN data, Hosico's market cap has been continuously rising since the end of June, surpassing $75 million yesterday, with a current market cap of $64 million.
Contract Address: 9wK8yN6iz1ie5kEJkvZCTxyN1x5sTdNfx8yeMY8Ebonk
Leader Three: IKUN
Introduction: IKUN is a Meme that originated from idol Cai Xukun's basketball performance in the variety show "Idol Producer," with the background music "Only Because You're Too Beautiful" becoming a widely circulated meme. Its adapted versions have gained popularity on Chinese social media, inspiring a wave of creative works from netizens, resulting in a large number of derivative creations. IKUN is more than just a humorous project; it embodies the Bonk platform's respect for the Chinese people and its determination to expand into the Chinese market.
Price Performance: According to GMGN data, Hosico's market cap has been continuously rising since the end of June, reaching $35 million this morning, with a current market cap of $26 million.
Contract Address: AtortPA9SVbkKmdzu5zg4jxgkR4howvPshorA9jYbonk
On-chain Meme Launchpad Platforms May Experience a Major Reshuffle
With the rapid rise of Letsbonk.fun, the competitive landscape of on-chain Meme Launchpad platforms has undergone significant changes. Pump.fun's market leadership is facing unprecedented threats, as Letsbonk.fun, backed by strong promotion from its founder and the support of the Solana ecosystem, has quickly captured a large market share and shows signs of sustained growth.
At the same time, Jupiter's own Launchpad platform, Jupiter Studio, launched last week, has sparked widespread discussion among on-chain players, becoming a new focal point of market attention (click here for more content: New platform Jupiter Studio launched, boosting on-chain market on its first day).
Perhaps only through a thorough reshuffle can more high-heat Meme projects emerge, injecting new vitality into the on-chain ecosystem and initiating a new round of "on-chain Meme season" explosion.
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