Decrease in Bonk's popularity, Pump.fun maintains its status - Will Bonk_fun regain dominance?
In a recent turn of events, Pump.fun has surged ahead of Bonk_fun in Solana's memecoin launchpad, capturing approximately 90% of the market volume on August 6, 2025. This shift was primarily driven by a surge in token creation, aggressive buybacks of PUMP tokens, and strategic moves that have revitalized trader engagement and investor confidence.
On this particular day, Pump.fun led in the 24-hour trading volume with $100.7 million, significantly outpacing Bonk_fun's $70.6 million. The token creation rate also favoured Pump.fun, with 16,000 tokens launched compared to Bonk_fun's 11,400.
Moreover, Pump.fun executed a $33 million buyback of PUMP tokens, causing a 20% spike in PUMP's price. This massive buyback, coupled with daily buybacks of at least $1 million, has kept Pump.fun at the forefront of the memecoin launchpad ecosystem.
In contrast, Bonk_fun has been grappling with a bearish market. The digital asset has lost 50% of its value in under a month, hitting its fourth lower low. This dip doesn't appear to be a "buy the dip" setup, and the market sentiment suggests a shift rather than a temporary blip.
In response to this liquidity drain, Bonk_fun is rolling out a new Points Tab strategy. This feature aims to boost trader engagement by rewarding participation and token drops, hoping to incentivize activity on Bonk_fun's platform. However, as of the latest reports, this Points Tab has yet to materially alter the overall market structure favouring Pump.fun.
Here's a comparison of the key factors:
| Aspect | Pump.fun | Bonk_fun | |-----------------------------|-------------------------------------|-----------------------------------------| | Recent 24-hour volume (Aug 6) | $100.7 million | $70.6 million | | Tokens launched (Aug 6) | 16,000 | 11,400 | | Token buybacks | $33 million large buyback + daily ~$1M buybacks | Has buyback model but less aggressive recently | | Market share of launchpad volume | ~90% | ~0.74% | | New strategic initiative | Aggressive buybacks, community coins, transparent revenue dashboards | Points Tab rewarding trader engagement | | Revenue (Aug 6) | $1.38 million | $282,000 |
While Bonk_fun's Points Tab is a promising tool for boosting user involvement, Pump.fun's aggressive buybacks, higher token creation rate, and strong community momentum have, for now, kept Pump.fun at the top.
[1] Source: CoinMarketCap, CoinGecko, and SolanaBeach. [2] Source: Pump.fun official blog and community announcements. [3] Source: Bonk_fun official blog and community announcements. [4] Source: CoinDesk and The Block. [5] Source: Yahoo Finance and MarketWatch.
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