The memecoin launchpad LetsBONK, powered by BONK, is solidifying its position within both the Solana blockchain and the wider BONK ecosystem by focusing on the accumulation of SOL through a variety of increasing revenue sources.
In a strategic move over the past two months, the Bonk Inu Foundation has invested heavily, utilizing 34.5K SOL (around $5.5 million) to buy back and burn BONK tokens. Additionally, the foundation has acquired another 10.3K SOL (approximately $1.6 million) in bonkSOL tokens.
This strategy sharply contrasts with that of its rival PumpFun, which has focused on extracting liquidity from Solana’s trading ecosystem, having offloaded more than 4.1 million SOL (about $741 million) since its inception 13 months ago.
Changing Market Dynamics Favor the BONK Ecosystem
The differing methodologies have prompted many memecoin traders—often referred to as “degens”—to speculate that tokens within the BONK ecosystem may soon outperform those launched by PumpFun.
This prevailing sentiment has heightened expectations that BONK could achieve new price milestones if LetsBONK continues its commitment to a buyback program, aimed at redistributing 50% of its earnings.
Market data supports this optimism, with BONK witnessing a remarkable increase of over 50% in the last week, countering a generally sluggish market trend.
$BONK (@bonk_inu) records the largest 7-day gain among the top 200 cryptocurrencies by market cap! pic.twitter.com/lhKm6d5hzO
— The Solana Post (@thesolanapost) July 7, 2025
This impressive surge has allowed BONK to reclaim its status as the largest memecoin on the Solana network by market capitalization, now exceeding $1.76 billion and approaching its peak price of $0.0000220 for 2025.
Source: CoinMarketCap
The token has also solidified its place as a major player in the global memecoin arena, currently ranking as the fourth-largest, outpacing tokens such as TRUMP, SPX, FARTCOIN, and PENGU.
The rivalry between LetsBONK and PumpFun has escalated, with analysts suggesting that the advantages associated with BONK are far from being fully realized.
Recent figures show that in terms of daily revenue, LetsBONK outperformed PumpFun, generating over $1.04 million compared to PumpFun’s $533,412 within a 24-hour span.
Source: DefilLama
This robust performance has enabled the BONK launchpad to secure 54.7% of the market share among memecoin launchpads, whereas PumpFun holds only 35.2%.
Such trends indicate a growing preference among traders for LetsBONK, which is perceived as offering a more stable environment, as opposed to the player-versus-player dynamics often seen in PumpFun launches.
$BONK Memecoin Launchpad has surpassed Pumpdotfun Launchpad.
Currently, @Bonk_fun holds 54.7% market share among meme launchpads, while @Pumpdotfun has only 35.2%.
The #USELESS token was created on Bonk fun 45 days ago, and it has increased by more than 5,700% in the last 30… pic.twitter.com/ANptpHdCPy
— Crypto Aman (@cryptoamanclub) July 7, 2025
A notable example is the USELESS token, launched on LetsBONK roughly six weeks ago, which has skyrocketed by over 5,700% in the last 30 days, with many holders now enjoying profitable investments.
Future Speculations for PumpFun and Market Dynamics
As LetsBONK sees an uptick in daily token minting activity, analysts are increasingly convinced that a dedicated rally for Solana memecoins is on the horizon, with BONK likened to “an underwater beachball waiting to explode.”
Speculation surrounding PumpFun’s impending public offering via the $PUMP token launch—initially seen as a potential drawback for Solana and its ecosystem—now appears to be shifting towards a more bullish interpretation, thanks to the ascendance of LetsBONK.
Reports suggest that PumpFun has successfully raised $1 billion at a valuation of $4 billion. Meanwhile, analyses from Messari indicate that over-the-counter markets are valuing the $PUMP token between $7 billion and $8 billion post-Token Generation Event (TGE), with some desks estimating valuations could reach as high as $10 billion.
1) A Valuation of $PUMP
Key takeaways from my latest Messari report
I built a model for $PUMP which places the token at a $7B FDV. But there's one big caveat.
Here's how we did it : pic.twitter.com/92FiSrCXUQ
— MONK (@defi_monk) June 13, 2025
According to influential memecoin analyst known as “Bonk Guy,” the revenue and brand dominance of LetsBONK in relation to PumpFun—especially as the latter approaches its TGE—could mitigate the liquidity-draining effects of the PUMP token, thus protecting the memecoin ecosystem from substantial losses.
He argues that BONK is significantly undervalued at its current market capitalization of $1.8 billion.
SOME THOUGHTS ON $PUMP TGE AND WHAT IT MEANS FOR $BONK AND BONKFUN ECO
i've had several people ask for my thoughts on the Pumpfun TGE and launch of their $PUMP token
since this is currently the most anticipated TGE event in a very long time, and many are starting to make… pic.twitter.com/vQsBqkG8cY
— Unipcs (aka 'Bonk Guy') (@theunipcs) July 7, 2025
He emphasized, “From an objective investment perspective, I believe there’s greater ROI potential in purchasing BONK at $1.8 billion compared to buying PUMP at $4 billion or higher in the current market environment.”
Technical Analysis Points to Potential Gains for BONK
A technical examination of the BONK/USDT daily chart shows the formation of a bullish trend within an ascending channel, with the price currently testing a crucial breakout level around $0.00002192.
Following a rebound from the lower trendline support, BONK has breached horizontal resistance at approximately $0.00001900, indicating strong buyer momentum.
Source: TradingView
Technical indicators suggest two possible outcomes: if the price sustains above this breakout level, the next upward target could reach the upper channel resistance between $0.00002500 and $0.00002600, in line with historic supply zones and volume gaps.
Conversely, should BONK falter below the breakout point, a retest of the support range from $0.00001700 to $0.00001900 may ensue, though this would not negate the overall upward trajectory.
Strong volume signals and a Chaikin Money Flow (CMF) reading of 0.15 reinforce a positive forecast, suggesting that capital inflows are propelling this upward movement.
The post BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump? appeared first on Finance Newso.
