Solana News Today: Platform Allocates 1% Revenue to Buyback Meme Tokens as Market Share Hits 48.9%

Generated by AI AgentCoin World
Wednesday, Jul 23, 2025 8:10 pm ET1min read
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Aime RobotAime Summary

- LetsBONK, a Solana-based meme token platform, allocates 1% of protocol revenue to buyback top tokens, aiming to stabilize prices and enhance utility.

- The platform dominates 48.9% of Solana's token issuance market, surpassing Pump.Fun, with 23,945 tokens issued vs. 8,720 and 265 graduation tokens vs. 66.

- Analysts link the strategy to DeFi trends prioritizing community liquidity, though critics warn excessive buybacks could trigger speculative dumping and price inflation.

- Success depends on balancing market saturation with user engagement, as LetsBONK's transparent smart contract execution and fee-sharing model attract crypto-native audiences.

BlockBeats News reports that Solana-based meme token launch platform LetsBONK has announced a strategic initiative to allocate 1% of its protocol’s total revenue toward repurchasing top meme tokens within its ecosystem [1]. This move follows the platform’s recent surge in market dominance, with Jupiter data showing LetsBONK capturing 48.9% of Solana’s token issuance platform market share in the past 24 hours—surpassing rival Pump.Fun’s 39.3%.

Dune
analytics further highlight LetsBONK’s dominance, noting it issued approximately 23,945 tokens in the same period compared to Pump.Fun’s 8,720, while maintaining a significantly larger portfolio of 265 graduation tokens versus 66 for its competitor [1].

The buyback plan aims to enhance token utility and stabilize prices by reducing circulating supply, addressing the volatile nature of meme tokens. Analysts suggest such strategies align with broader DeFi trends prioritizing community-driven liquidity [1]. While LetsBONK has not disclosed specific criteria for selecting tokens for repurchase, the initiative reflects a maturation of meme token economics, moving beyond speculative novelty toward structured governance models. Similar approaches have been adopted by projects like

Dogecoin
, though LetsBONK’s blockchain-based execution—transparently executed via smart contracts—cater to crypto-native audiences seeking accountability [1].

The platform’s dominance in Solana’s meme token ecosystem has been bolstered by its user-friendly interface and fee-sharing mechanisms, positioning it as a stabilizing force amid rising competition. NeurotiCat and Notcoin, among others, continue experimenting with novel tokenomics, but LetsBONK’s buyback strategy could further entrench its influence. Critics, however, caution that excessive buybacks risk inflating prices and triggering dumping by short-term speculators [1]. The success of the initiative will depend on LetsBONK’s ability to balance market saturation with sustained user engagement, as noted in analyses from The Block [1].

Market reactions remain mixed. While some investors view the 1% revenue allocation as a meaningful commitment to ecosystem health, others remain skeptical due to the unpredictable nature of meme tokens. Analysts highlight key variables such as token circulation velocity and platform activity in determining the buyback’s effectiveness [1]. The move also underscores a broader shift in DeFi toward value retention strategies, though its long-term impact will hinge on execution and market dynamics.

Source:

[1] [Important information from last night and this morning (July ...)](https://www.panewslab.com/en/articles/s6bo5dzv)

[2] [NeurotiCat Price: NEURO Live Price Chart, Market Cap & ...](https://www.coingecko.com/en/coins/neuroticat)

[3] [Notcoin Launches on Ton Blockchain, Price Crashes 69%](https://www.blocmates.com/news-posts/notcoin-launches-on-ton-blockchain-price-crashes-69)