Original title: "The Old King Is Dead, the New King Is Coronated: The Power Alternation of the Meme Coin Issuing Platform"

Original author: 0xresearcher

Lately, friends who have been issuing coins on Solana have been talking less and less about Pump.fun and have instead talked about a new name - LetsBONK.fun.

It has been said that Pump.fun abdicated, and the new king is it.

What's going on? Why are the choices of community users quietly changing?

We tell you the story of this "platform translocation" in simple language.

Pump.fun: From the former hegemon, now he is caught in the whirlpool of public opinion

Pump.fun Over the past year or so, it has been the most popular meme issuance platform on Solana.

It's easy to use, and it only takes a few steps to issue its own coins, attracting a large influx of creators and speculators.

I used to be able to launch 10,000 meme projects online a day, making a lot of money.

But the problem is also slowly exposed:

The platform collects a lot of money, and the cumulative revenue exceeds $700 million in more than a year

User returns are minimal, with data showing that less than 5% of users earn more than $1,000

The platform does not support the growth of the project, nor does it leave anything for the community or the ecosystem

Finally, it was announced that it would issue a platform currency, with a valuation of up to $4 billion!

In a word: the platform makes a lot of money, but the user has become a "running tool".

Image: Pump.Fun The address in question sold another 112,000 SOL, or about $16.89 million

LetsBONK.fun: It's not for the volume, it's for "co-construction".

In April 2025, the coin-issuing platform LetsBONK.fun, which is dominated by the Meme coin BONK community, will be launched.

As soon as it was shot, it was eye-catching:

· On the first day of launch, 800,000 people participated and 2,700 tokens were released

· Exceeded $300 million in trading volume in 24 hours

· So far, 180, 000+ tokens have been issued through the platform, far more than similar platforms

The biggest difference is that the platform does not harvest everyone, but gives back the income to the ecosystem.

A real "co-built platform": how is income distributed?

Let's take the on-chain distribution data for July 7, 2025 (total revenue 68, 768 SOL):

The mutual achievement of the platform and the meme: LetsBONK.fun is not just encouragement, but also real money

LetsBONK.fun The platform will not only support the launch of the project, but also pay for it.

Take $USELESS as an example:

The platform buys $USELESS directly from the market, builds a project treasury

And use this asset to help it apply for listing on the primary exchange

According to statistics, more than $600,000 has been invested in this initiative

In the meme world, this support is almost unprecedented.

Pump.fun Earn money from the community, but leave no resources for the project; And Bonk.fun uses real money to push the project to a bigger stage.

It's fair to say that LetsBONK.fun is doing what Pump.fun has never done before, and users are voting with their feet.

A set of up-to-date data that says it all:

As of July 2025:

· LetsBONK.fun has a token mintage of 15, 600, officially surpassing Pump.fun's 11, 500

· LetsBONK 51% market share, Pump.fun refunds to 39.9%

· The number of popular projects, active users, and daily trading volume are all in the lead

These are not simply "hype", but a new generation of coin samples that are combined with the community, function, and narrative.

So, why did users choose LetsBONK.fun?

Because it sends a signal:

· You are not a leek, but a co-builder

· Items are not for cutting, they are for growing

· Participation is not "dreaming", but "doing"

This is also why so many people flock to this platform, not only to issue coins, but also for a space where they can "play long and do deep".

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