Pump.fun Surges Back to Dominance in Solana Memecoin Launchpad Battle

Pump.fun has staged a strong comeback after weeks of losing ground to rival LetsBonk. 

Recent data shows Pump.fun regaining the lion’s share of market activity. 

It underscores just how volatile and competitive the memecoin ecosystem on the Solana blockchain has become.

Pump.fun’s Resurgence in the Memecoin Market

Pump.fun dominance on the memecoin market (Doc. The Block)

Only two weeks ago, Pump.fun’s market share had slipped to just 5%, raising questions about whether its dominance had ended. 

Today, the platform accounts for more than 90% of Solana memecoin launchpad activity, according to data compiled by The Block. In contrast, LetsBonk, which recently held more than 80% of the market, has fallen to about 3%.

The market share calculation is based on “graduated tokens,” a metric seen as a more reliable measure of real activity than raw token launches. Pump.fun’s resurgence shows that users, bots, and major deployers have quickly shifted back to the platform.

Read also: XZXX Vs Pump.fun: Crypto Review Explanation

Why Did LetsBonk Collapse?

LetsBonk, a token creation platform launched by the BONK community, made headlines earlier this summer when it briefly overtook Pump.fun. It attracted creators by offering trading fee incentives and by tapping into BONK’s large social media following. 

At its peak, LetsBonk was responsible for most Solana token creation, driving notable increases in Solana network activity.

However, the momentum did not last. Transaction counts and active wallet numbers on LetsBonk have since plummeted, suggesting that traders and automated bots have abandoned the platform. 

Analysts point to top deployers, who rapidly switched back to Pump.fun, as a key factor in the shift.

Read also: Pump.fun Insider Admits to Draining $2 Million in SOL, Faces Years Behind Bars

Pump.fun’s Strategy and Buyback Effect

One reason for Pump.fun’s resurgence may lie in its tokenomics. The platform initiated multimillion-dollar buybacks of its PUMP token, signaling stronger support for its community. 

Pump.fun had raised $600 million in July during a public sale of nearly three billion PUMP tokens, which sold out in just 12 minutes.

Reports also indicate that Pump.fun has considered sharing protocol revenue with token holders, a move that could increase loyalty among its user base. 

Combined with recent buybacks, this strategy may have helped restore confidence and pull market share away from competitors.

Read also: Is LetsBonk Still Trying to Beat Pump.Fun?

Memecoin Trends on the Solana Blockchain

The back-and-forth battle between Pump.fun and LetsBonk highlights broader trends in the Solana meme coin ecosystem. Earlier in the year, Pump.fun was generating between $4 million and $6 million in daily revenue at the height of the memecoin craze. 

Revenue has since cooled, but the platform’s recent rebound has lifted daily earnings back above $1 million.

LetsBonk, meanwhile, has sought to regain attention by introducing a points system to incentivize creators and traders. 

It has also pledged to allocate a share of revenue toward buying back tokens within the BONK ecosystem. Despite these moves, the platform has not yet stopped the rapid loss of market share.

Read also: Pump.fun Buy Back Strategies: Here is What You Must Know

The Shifting Landscape of Crypto Launchpads

Solana’s token creation platforms remain volatile, shaped by trends, trader behavior, and automated bots. While Pump.fun has reclaimed its top position, other platforms are emerging. 

Bags, another Solana memecoin launchpad, has recently begun to capture attention and market activity, suggesting that the competition in crypto launchpads is far from settled.

For now, Pump.fun’s resurgence demonstrates the fluid nature of Solana ecosystem developments. The memecoin market continues to evolve quickly, with token creation platforms rising and falling in a matter of weeks.

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FAQ

What is Pump.fun?

Pump.fun is a crypto platform that makes it easy for anyone to create and trade meme coins. It is built on the Solana blockchain and is known for its user-friendly interface that simplifies the process of launching tokens.

Who is the CEO of Pump.fun?

Alon Cohen is the founder and owner of Pump.fun. He is one of the co-founders, along with Noah Tweedale and Dylan Kerler.

How much is the Pump.fun token today?

The price of the Pump.fun (PUMP) token is approximately $0.0031 USD as of August 19, 2025. It has a circulating supply of over 354 billion tokens, giving it a market capitalization of around $1.1 billion.

Where is Pump.fun from?

Pump.fun is a company based in Solana Beach, United States. It was founded in 2023 by Alon Cohen and operates as a decentralized platform.

How does Pump.fun make money?

Pump.fun makes money in two ways: it charges a 1% "swap fee" on all token trades on the platform and a fee of 1.5 Solana tokens when a coin reaches a market capitalization of $90,000 and "graduates" to a decentralized exchange.