Solana News Today: LetsbonkFun Surges Past Pump.fun with 55.8% Solana Meme Coin Market Share

Solana’s meme coin landscape has seen a swift and significant shift, with the new platform LetsbonkFun surging ahead of its leading competitor, Pump.fun. As of August 5, 2025, data from Jupiter’s Launchpad leaderboard reveals that LetsbonkFun holds a dominant 55.8% of the market, more than double Pump.fun’s 27.4%. This reflects a broader trend in user engagement and trading activity, with LetsbonkFun processing $508 million in daily volume and engaging 304,000 traders—nearly twice the $249 million and 153,000 traders reported by Pump.fun [1].

The success of LetsbonkFun is attributed to its faster token launch cycles, seamless integration with Solana-native assets such as BONK, and a more engaged user base. In a single day, the platform minted 18,357 tokens, a stark contrast to Pump.fun’s 5,388. Additionally, LetsbonkFun’s bonded percentage—1.02%—far exceeds Pump.fun’s 0.48%, suggesting stronger community commitment and user retention [1].

Pump.fun, once the dominant force in Solana’s meme coin scene, is now struggling to maintain relevance. Despite a highly publicized $600 million initial coin offering (ICO) in which 15% of the total 1 trillion PUMP supply was sold to the public, the platform has seen a sharp decline in both volume and trader activity. July 2025 marked a 2025 low in Pump.fun’s revenue, down 80% from January. Recent buyback efforts—where 188,000 SOL, valued at approximately $31.3 million, was repurchased—have had limited impact, pushing the PUMP token up only 17% to $0.0067 [1].

In a recent move to regain momentum, Pump.fun acquired Kolscan, a Solana-based wallet tracker that identifies top on-chain traders. The acquisition aims to enhance Pump.fun’s transparency and social trading features by integrating Kolscan’s analytics. Kolscan’s services will be offered for free to users as part of the deal, signaling a strategic pivot toward community-driven growth. Pump.fun also introduced a “community takeover” feature, enabling users to take control of abandoned projects and redirect creator fees toward active contributors [1].

While Pump.fun’s market share remains at 27.4%, other launchpads such as BAGS, Jup Studio, and Believe lag significantly, with shares of 9.28%, 2.69%, and 2.11%, respectively. Meanwhile, LetsbonkFun continues to expand its influence, capturing 66.5% of the Solana meme coin market as of August 4 [1].

The competition between these platforms highlights the evolving dynamics of the Solana meme coin ecosystem. As user preferences shift toward speed, community engagement, and functional integrations, LetsbonkFun appears to be setting a new standard. Whether Pump.fun can regain its footing remains to be seen, but for now, the new king of the Solana meme coin scene is LetsbonkFun.

Source: [1] [Solana’s New Meme King: LetsbonkFun Leaves Pump.fun in the Dust with 2x Lead](https://cryptonews.com/news/solanas-new-meme-king-letsbonkfun-leaves-pump-fun-in-the-dust-with-2x-lead/)