$BONK is Bonking

The first half of 2024 was marked by the explosive rise of pump.fun, a Solana-based platform that made memecoin creation incredibly easy. It became the fastest-growing app in crypto history, generating hundreds of millions in revenue and fees by making it as simple as possible for anyone to launch a token. For just 0.02 SOL and without writing a single line of code, any user could launch a new token in minutes ,  an idea that perfectly captured the memecoin vibe of speed, virality, and openness. By January 2025, the platform was a money-making machine, at one point generating over $7 million in a single day and attracting more than 116,000 daily active users.
But underneath this massive growth, the platform’s design created a deeply broken and exploitative environment. While pump.fun promoted a "fair launch" model with no presales or team allocations, its main success metric was transaction volume, not how long a project would survive. This created a space that felt less like a launchpad and more like a high-speed online casino.
II. The Pump(.)Fun Opportunity

The platform's main user goal was to "graduate" a token to the Raydium decentralized exchange by reaching a market cap of $69,000. This milestone was shown as the top goal for creators. But on-chain data tells a darker story about how often that actually happened. Of the millions of tokens launched on the platform, the graduation rate stayed between just 1% and 1.5%.
 This shows a major mismatch: pump.fun wasn't helping projects succeed long-term, but rather to keep churning through token launches and earn from volume. It worked more like a token graveyard, where most projects were launched and then forgotten within hours.
III. Launchpad of Scammers and Bots

The platform’s open, “anyone can join” style became its biggest weakness. The same simplicity that brought in genuine creators also invited a wave of bad actors who created clever ways to abuse the system. Common scams included:
Wash Trading and Volume Bots: Scammers used automated bots to run high-speed, low-value trades between their own wallets, making it look like real interest and tricking buyers into buying tokens that seemed more popular than they were.Bundled Transactions: These actors grouped tokens across several wallets and dumped them all at once in a huge sell order, causing prices to crash before honest investors could react.Sniper Bots: Bots were set up to jump ahead of real buyers, grabbing a large part of the initial supply within milliseconds and later dumping on the rest of the buyers.Cloned Contracts: During the delay when a token was moving to Raydium, scammers would launch a fake token with a similar name and contract address, tricking people into adding liquidity to the wrong one.
This setup brought heavy criticism. Some called pump.fun a “digital version of Macau or Vegas” and even “possibly the biggest and most draining scam in crypto history.” For honest creators, the platform turned into a minefield.  Their projects were often doomed from the start, their communities taken advantage of, and their hard work undone by non-stop manipulation.
This mix of massive demand (as seen by the numbers) and deep user mistrust created a major “trust gap.” The market clearly wanted an easy token launch experience, but one that was also fair, safe, and better for creators. The real opportunity wasn't just for a new tool, but for a whole new approach.
IV. The 2025 Outlook of Meme Market 

All of this was happening as the memecoin space kept getting bigger. Market research says the memecoin market could grow from $68.5 billion in 2024 to more than $925 billion by 2035. A growth rate of 26.7% per year. As the space matures and pulls in more money, the need for reliable, professional tools is only going to rise.

This growth created the perfect moment for a new player to jump in, one that could serve more serious users who wanted more than just chaotic gambling.
 V. LetsBonk(.)Fun's Core Mechanics

LetsBonk.Fun’s strategy wasn’t about making something entirely new, but about improving what already worked. It kept the simple one-click token creation that made pump.fun famous, but added three big upgrades to fix its biggest flaws. These changes totally changed the way the platform worked, moving power away from bots and short-term speculators and toward creators and communities.
1. The User Journey: From Idea to Live Token
The process for launching a memecoin on LetsBonk.Fun is streamlined into an intuitive, three-step workflow accessible even to users with no technical expertise. This democratization of token issuance is a cornerstone of the modern memecoin launchpad model.

  Create Token: A user navigates to the platform, now officially found at bonk.fun after a strategic domain acquisition, and selects the option to create a new token.Input Details: The creator then defines the essential characteristics of their token, including its name, ticker symbol, and associated metadata like a description and image.Set Supply: Finally, the user determines the total supply of the token to be minted.
With these simple steps, a new memecoin is born and ready for trading on the platform's bonding curve.
2. The Bonding Curve
A bonding curve is the math engine behind a launchpad. It sets how a token’s price changes as more are bought. Its shape affects how people behave when they buy or sell.
❍ Pump.fun’s Model: The Exponential Firework

Pump.fun used a basic exponential bonding curve. While the exact math wasn’t public, looking at the on-chain activity suggests it acted like a constant product model with virtual liquidity. A simplified formula for how price changed could look like this:
y = 1073000191 - 32190005730/(30+x), where x is how much SOL is invested and y is how many tokens you get. The main trait here is the sharp price spike at the beginning. Prices jumped a lot with just a few early buys, creating a huge reward for whoever got in fastest.
This model worked like a firework, a fast, bright, but short-lived flash. It mainly rewarded bots that could buy in the first block after launch. Regular users who arrived even seconds later had to pay much higher prices. This setup encouraged short-term gambling and fear-driven buying.
❍ LetsBonk.Fun’s Innovation: The Dynamic Logarithmic Curve

LetsBonk.Fun replaced this with a Dynamic Logarithmic Curve. It still gave early buyers good deals, but the price rose more slowly as more tokens were sold. The early jump was still quick, but much more controlled, eventually flattening out.
Think of this as a rocket launch, it holds enough power to take off, but carefully managed so the project doesn’t blow up. This change had a major effect on user psychology. It lowered the edge that bots had and reduced the panic that made humans rush in. Instead of trying to be the very first buyer, users focused more on whether the project could last. This brought in a more thoughtful crowd, one that looked at the community and long-term potential instead of quick flips. LetsBonk.Fun didn’t just tweak the math, but it changed the whole game from a 10-second dash to a slow, strategic race.
2. Fortifying the Gates: The Proactive War on Bots
While pump.fun left security up to the user, LetsBonk.Fun made it a built-in feature. It launched a layered system aimed at stopping the most common types of abuse.
❍ Launch-Time CAPTCHA & Fairness Shield:

When someone creates a token, they have to solve a simple hCAPTCHA . Which is enough to stop fully automated bots. More importantly, for the first 60 seconds after launch, a “fairness shield” kicks in. It adds a small transaction fee on sales and caps how many tokens one wallet can buy in a single move. This stops sniper bots from grabbing everything instantly.
❍ AI-Powered Behavioral Analysis:

After that, an AI model keeps watching what’s happening on-chain. Using tools similar to advanced security systems, it’s trained to spot shady activity, like bots doing tons of tiny trades or using lots of wallets to wash trade. Any wallet that looks suspicious can be slowed down, limiting how much damage it can do without freezing funds completely.
This move from community policing to platform protection made a huge difference. In a space full of scams, built-in fairness became a big selling point. LetsBonk.Fun showed that security wasn’t just a cost it was a reason for people to switch platforms.
3. Beyond the Launch: Integrated Community Governance
Pump.fun pretty much left creators on their own after graduation to Raydium, it handles liquidity, marketing, and community-building without help. LetsBonk.Fun changed that by turning from a launchpad into a full “Launchpad-as-a-Service” ecosystem.
❍ Automated DAO Tooling:

Once a token launches and graduates, the platform auto-creates a basic governance page. This “DAO-in-a-box” gives holders something to actually do with their tokens right away.
❍ Transparent Treasury Vesting:

Some of the creator’s token supply goes into a community wallet controlled by smart contract. This treasury unlocks tokens slowly, following a public schedule, using smart tokenomics to stop teams from dumping early.
❍ Simple Proposal System:

From the governance page, token holders can make and vote on preset actions, like funding a promo campaign, paying devs, or burning tokens.
These tools made LetsBonk.Fun more than just a launchpad. It became a long-term partner. Successful projects stayed inside the system, bringing in more users, more money, and more attention. That pull brought even more serious creators, creating a loop that kept growing stronger.
VI. On-Chain Analysis & Market Dominance

The moment LetsBonk.Fun overtook pump.fun wasn’t slow, but it was fast and clear. It wasn’t the usual "liquidity vampire attack" like SushiSwap pulling money from Uniswap. It was a "creator vampire attack." LetsBonk.Fun didn’t steal pump.fun’s capital — it stole its most important asset: new projects. The better tools, fairer system, and higher chance of success made creators switch, just like Sushi's rewards pulled users from Uniswap.
❍ The Numbers:
This shift showed up clearly on-chain. On Sunday, July 7, 2025, the “flippening” happened. On that day, LetsBonk.Fun launched 19,620 new Solana tokens. Pump.fun, once the leader, only launched 9,249.

This capped off a trend that had been building for weeks. Daily token launches showed an obvious pattern: as LetsBonk.Fun’s numbers shot up, pump.fun’s dropped fast.

This wave of creators leaving also showed up in pump.fun’s other stats. Monthly revenue and daily users both took a hit with 30-day revenue dropping over 20%, and daily users falling by nearly 40%. At its peak, pump.fun made over $7 million a day in January 2025. By mid-2025, that number was under $1 million.
VII. The Bonk Flywheel

The “Bonk Flywheel” is a feedback loop where activity on LetsBonk.Fun helps the BONK token, which in turn drives more action on the platform. Here’s how it works:

1. Platform Fees Fuel BONK Buybacks and Burns
LetsBonk.Fun charges 1% on every swap, plus a share of post-launch trading.
50% of all revenue is used to buy and burn BONK.
This cuts down BONK’s supply, making it rarer and helping its price.

2. Increased Demand and Ecosystem Growth
As more tokens launch and trade, more fees come in — which means more BONK is bought and burned.
As BONK rises in value and becomes harder to get, more users and creators join the platform.
3. Community and Holder Rewards

BONK holders gain from price growth and can earn from programs like BONK Rewards, which share fees with users who lock their BONK.
Also, if a new token drops below a set market cap, its fees go toward BONK buybacks instead of creator rewards, feeding the cycle again.

$BONK Totally Lived up the momentum. Their Price up 2x in few weeks after LetsBonk launched. And it's not stopping. It's one of rare opportunity where memecoin didn't lost its memetic value yet live with a utility.