In the past two days, Solana staged a wonderful PVP. Bonk, who came from behind, finally defeated Pumpfun. Pump is no longer the only one in the market. I have also written a special tweet to interpret the evil deeds of Pump. It is a typical capital race to grab land by eating and sucking the blood of the coin circle. Today, let’s talk about why Bonk can make a comeback from the grassroots.
Let’s look at a set of data first:
Letsbonk.Fun created 16,802 Meme tokens in the past 24 hours, while Pump.fun only created 9,908;
182 graduated tokens, far more than Pump.fun’s 31;
Letsbonk has 49.80% of the Solana Meme market;
The number of active addresses exceeded 37,000, second only to Pump.fun’s 88,000 active addresses;
$Bonk increased by 100% in a week, with a single-day trading volume of $1.4 billion on July 6, surpassing Shiba and Pepe;
4163 SOL was earned in three days, all of which flowed back into the Solana ecosystem.
Many new players may not know about the Bonk meme. It was born in the most difficult time of Solana. At that time, FTX collapsed and the Solana community was almost wiped out. 20 Solana developers could not stand it anymore and challenged the exchange, shouting "decentralization is the way to go". So they came up with Bonk and airdropped 50% of the 100 trillion tokens directly to the community. It can be called the "people's meme coin" of Solana.
So in fact, Letsbonk.Fun has its own grassroots community narrative. At least in the European and American communities, retail investors have a very good evaluation of Bonk. Moreover, 50% of Letsbonk.fun's income is used to repurchase and destroy $BONK, which directly benefits the holders. On the other hand, pumpfun has too many complaints. It sells every day, and all the money it earns is used to make money from insiders. There is no community or loyal fans, only endless PVP.
The founder is the one who best reflects the community culture. Bonk's founder @SolportTom is a real friend and a maniac who sets the pace. In the $GLONK civil war in May, he directly stood on the Bonk.fun version and led the market value to 16.5 million. Tom also publicly showed that he bought Grassiot and Hosico. Interestingly, this guy also sent a "Ni Hao" tweet today, which seems to have felt the mysterious oriental power. The founder personally bought coins, set the pace, and directly communicated with the community. This kind of human touch and action is something that Pump.fun can't keep up with. Alon is a cunning guy who only knows yin and yang. He also cut countless people with the tokens he promoted.
The operation of the Bonk platform is textbook-level, and there are two points worth mentioning:
First, 1% of transaction fees will be injected into the triple flywheel: BONKSOL node verification (enhanced network security), repurchase and destruction of $BONK (driving deflation), and ecological construction fund (supporting developers). After the upgrade in July, 50% of the income will be directly used to repurchase and destroy $BONK;
Second, after the token migration, creators will receive a permanent 10% LP share, while Pump.fun only provides a 0.05% transaction share, which has been ridiculed as a "beggar subsidy."
Bonk defeated Pump by relying on a relatively fair mechanism, hardcore and warm operation, and community support. When Pump.fun continued to drain Solana, Bonk chose to transfer its interests to the community. I also hope that Bonk will keep its original intention and continue to build. The summer of 2025 has arrived. A group of retail investors who have been repeatedly rubbed and squeezed on the ground have focused all their attention on meme. The old copycats have passed, and the new king is brewing. I hope that the dog dealers of web3 have the courage to become the "crazy Tom who shaves his head live."
