LetsBonk Surpasses Pump.fun with 95% Revenue Gain in 24 Hours

Solana-based memecoin launchpad LetsBonk has surpassed Pump.fun in daily revenue, marking a significant shift in the memecoin landscape. According to data from a decentralized finance (DeFi) analytics platform, LetsBonk generated $1.04 million in revenue over the past 24 hours, nearly doubling Pump.fun’s $533,412 collections during the same period. This surge in revenue positions LetsBonk as a formidable competitor in the memecoin market, highlighting its growing influence and user engagement.

LetsBonk's success is further underscored by its ability to facilitate the launch of 18,093 memecoins within a single 24-hour period, as indicated by Dune Analytics data. This impressive feat places LetsBonk ahead of other launchpads in terms of coin creation, solidifying its position as a leading platform in the Solana ecosystem. Currently, LetsBonk ranks third on Solana’s 24-hour revenue charts, trailing behind trading app Axiom, which generated $1.72 million, and token launchpad Raydium, which accumulated $1.33 million.

Launched on April 25, LetsBonk positions itself as a “self-serving launchpad for memecoins,” aiming to counteract “predatory practices in memecoins.” The platform’s developers emphasize their belief in the longevity of memecoins and their commitment to the Solana ecosystem. In a statement at the time of launch, the LetsBonk team expressed their vision to offer an alternative platform that supports Solana for the long term, aligning with the growing interest in memecoins.

Despite LetsBonk's impressive 24-hour performance, Pump.fun maintains a lead over a broader timeframe. Over the past 30 days, Pump.fun accumulated over $37 million in revenue, while LetsBonk generated $4.5 million during the same period. This disparity highlights Pump.fun's established presence and continued relevance in the memecoin market. However, LetsBonk's recent integration with Raydium’s new LaunchLab contract aims to enhance user experience by simplifying the coin launch process and improving liquidity access, potentially narrowing the gap in the future.

The success of LetsBonk has also positively impacted the BONK token, which has experienced a three-month price rise. At the time of this publication, BONK is trading at $0.00002332, reflecting a 23% increase since the launch of LetsBonk in late April. This upward momentum is further supported by a 60% surge in the last seven days and an 118% increase since April 8, indicating strong investor confidence in the token's potential. However, the Relative Strength Index (RSI) currently sits at 74.6, suggesting that the token is in overbought territory and may face a near-term price correction.

While memecoins have struggled in 2025, with the CMC 100 Index showing a modest 1.8% gain year-to-date and the average memecoin down 28.5%, LetsBonk's rise offers a glimmer of hope for the memecoin market. Popular memecoins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) have experienced significant declines, each dropping between 48% and 51% from their January highs. The OFFICIAL TRUMP (TRUMP) memecoin also saw a short-term surge in April but has since followed a steady downtrend. LetsBonk's success, however, demonstrates the potential for new platforms to revitalize the memecoin landscape and attract renewed interest from investors.