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cryptofishx
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Seeing a lot hype today about $
BONK
and its new
token
launchpad, @bonk_fun, and how it will melt faces, but I had a look and don't see what's the fuss about.
Am I missing something? Please enlighten me.
#BONK
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BONK
0.00002364
+3.82%
42
0
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I gotta admit - "Internet capital markets" is a great way to rebrand the same utility coins that would’ve launched on pumpfun the polished glaze of a YC startup
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In emerging markets like token launchpads, new entrants always target the incumbent’s profit margins without understanding where the real moat is It’s like trying to beat Hyperliquid by offering lower fees - it won't work I think the real path to taking market share from pumpfun isn’t by slashing fees or offering creator revshare - it’s by inventing a new meta that truly differentiates the product We’re already seeing early versions of this with apps focused on “genuine” creators linked to X accounts like Believe, Boop, and Arena But there’s a flaw here - it assumes KOLs make good token founders and most aren't. This approach also has a hard ceiling as the majority of KOLs will never launch a coin because they’re too protective of their brand Plus, the moat is not that strong as evidenced by multiple apps crowding into this angle That said, I love the experimentation happening. This is the stuff I live for. I fully expect the next wave of launchpads to bring even more creative ideas Hats off to all the builders who continue to experiment 🎩
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I’ll die on a hill on this - the market doesn't care about creator revshare - especially when the token’s under $10M FDV But people will fixate on it anyway, because they’ve convinced themselves pumpfun is extractive and need it to confirm their bias
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I’m convinced 1-Click Wallets will become the norm soon Wallet popups are the source of friction and phishing scams - 1CW solves both
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(Reader beware - Solana tweet) Now that $HOSICO smashed $50M, it looks like bonkfun szn is officially heating up. Seeing multiple $1M+ runners popping off. And judging from the token names, it looks China is bidding? P.S. All bonkfun tokens are tradeable on LFJ Trenches. Go click some buttons.
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