Pump.Fun tokens skyrocketed on Monday Meme Coin Launchpad Letsbonk has curtailed market share from Its The biggest competitor Above Solana The past few weeks.
According to the Crypto Data Provider, the pump has recently changed its hand to around $0.0036, up 20% over the past day. Co Ringecko. Token prices fell 46% last month from an all-time high of $0.006812.
For over a year, Pump.Fun has served as a go-to place for people to speculate on meme coins, with thousands of tokens being launched every day. However, the script was flipped over last month as users were drawn to Letsbonk after the token of Pump.fun. Disappointed upon arrival.
Last month, Letsbonk accounted for 74% of tokens released daily at Solana-based Launchpad, according to Dune. Dashboard Created by data scientist Adam Tehc. On Sunday, Pump.Fun returned to the top, with its platform accounting for 67% of the 27,500 meme coins released to Wild that day.
According to TEHC, the so-called Meme Coin War is heated. Decryption On Monday, momentum shook sharply in favor of pump.fun. Pump.Fun's daily revenues, he said, have shown that Letsbonk has shown strength, showing darts as low as $169,000 to return to more than $1 million recently.
“The pump has had a very strong comeback. (It's back to the lead in both the number of tokens created and the volume,” he added.
Last week, Pump.Fun It was introduced The Glass Fulls Foundation bills organizations as a way to support popular meme coins and “the most stubborn cults” by injecting “significant liquidity” into tokens, which are part of the LaunchPad ecosystem.
The announcement attracted positive feedback on X, but TEHC noted that the platform's comeback began before the move was teased.
Within the past week, Letsbonk was expelled as Solana's second most popular Meme Coin Launchpad by a platform called Bags. On Sunday, Letsbonk, Bags and Pump.Fun won trading volumes of $12 million, $38 million and $134 million, respectively.
Bonk It is one of the most popular meme coins in Solana, and Letsbonk uses revenue to buy and remove digital assets from distribution. On Monday, Bonk's price fell 3.2%, but its price rose 10% over the past month.
Meanwhile, investors I was swarmed Another token tied to a platform that encourages the creation of meme coins. Project Zora uses tokens to encourage and reward artists and musicians by saying their work on the platform, whose prices rose nearly 40% on Monday to $0.135.
