Token Issuing Platform Dark War: The Head-to-Head Battle of Believe, Bonk, and Pump
The biggest highlight in the current altcoin market is undoubtedly the competition for traffic among the three major token issuing platforms.
The Believe platform has risen sharply with its 'real-name issuance' strategy, attracting a large number of project parties that come with their own traffic. Early hits like DUPE (Disney IP adaptation) and SUPERFRIEND (social application transformation) both exploded in popularity from the start due to their real user bases, and this 'self-sufficient' model has encouraged retail investors to take bolder bets. Unlike Pump, Believe has eliminated the internal trading mechanism, directly filtering projects through traffic to create an extreme gambling environment of 'either going to zero or ten times your investment.' Its platform token $LAUNCHCOIN has a market cap exceeding $200 million, further consolidating its ecological appeal.
The veteran platform Pump has found itself in an awkward position: despite having incubated star projects like FARTCOIN and PNUT, it has recently been criticized for 'issuing tokens while cashing out SOL,' with its capital flow going against market sentiment. In a direct confrontation with the Bonk platform, both sides launched their namesake token $GLONK simultaneously, resulting in Bonk achieving over $100 million in trading volume within 24 hours, while Pump only captured half that traffic, indicating its advantages are eroding.
The rising star Bonk platform excels in 'community carnival' tactics: projects like DOOM (zombie theme) and BONKIFY (pet economy) accurately capture meme culture, and the platform token empowerment mechanism creates a snowball effect. Its key advantage lies in deeply binding token distribution with social media interaction, giving each new project the inherent property of virality upon launch.
