The old king is dead, the new one is crowned: the power of the Meme coin issuance platform is alternate

The old king is dead, the new king is crowned: the power of the meme coin issuance platform

has been reversedRecently, friends who issue coins on Solana are talking less and less about Pump.fun, and instead talk about a new name - LetsBONK.fun.

Some people say 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 caught in the whirlpool of public opinion

Pump.fun Over the past year or so, Solana has been the hottest meme coin issuance platform.

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, with a cumulative revenue of more than 700 million US dollars in more than a year
but the user return is very small. The data shows that less than 5% of users can earn more than $1,000
The platform does not support the growth of the project, nor does it leave anything for the community or ecology
Finally, it was announced that it would issue platform tokens, 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 SOLs, or about $16.89 million

LetsBONK.fun: It's not a volume, it's a "co-construction" In

April 2025, the coin issuance platform LetsBONK.fun led by the Meme coin BONK community was launched.

As soon as it was launched, it was an eye-catcher:

on the first day of launch, 800,000 people participated, and 2,700 tokens were traded
than $300 million within 24 hours
So far, 180,000+ tokens have been issued through the platform, far exceeding 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 the income distributed?

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

and for

Classification	Proportion	SOL quantity	Description of use
Buyback and destruction of BONK	50%	34,453 SOL	is used to buy back BONK from the market and burn it, increasing the scarcity of BONK and allowing the value of holders to grow naturally
BONKsol node stake	15%	10,335 SOL	Enhanced Solana Cybersecurity
Development/Growth/$GP Reserve	7.6% each	5,236 SOL each	for technology integration, developer incentives, platform operations,
4%	SBR community governance	2,756 SOL	Return to the community for use
BonkRewards users are incentivized	with 4%	of 2,756 SOL	distributed to participants
Marketing	4%	2,756 SOL	Promotion Platform and Ecosystem Projects

Table: LetsBONK.fun income distribution breakdown

The

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

LetsBONK.fun The platform will not only support the project to be launched, but also really pay for help.

Take $USELESS as an example:

the platform buys $USELESS directly from the market, builds a project treasury
and uses this asset to help it applyPrimary exchanges).
According to statistics, more than $600,000 has been invested in this initiative

In the meme world, this support is almost unprecedented.

Pump.fun Rely on the community to make money, but do not leave any 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 the latest data that says it all:

as of July 2025:

LetsBONK.fun has a token supply of 15,600, officially exceeding the 11,500
LetsBONK market share of Pump.fun by 51%, Pump.fun regressing to 39.9%.
The number of popular projects, active users, and daily trading volume

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

<img src="https://www.chaincatcher.com/upload/image/20250708/1751952234527-770276.webp"

> so why did the user choose LetsBONK.fun?

Because it sends a signal:

You're not a leek, you're a co-builder
aren't meant to be cut, they're grown,
participation isn't "dreaming," it's "doing."

This is 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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