What's up, my crypto people! Things are heating up in the world of Solana memecoins, and today I bring you big news that could change the game. It turns out that BONK, that memecoin many saw as the "little brother," just kicked Pump.fun in a key area! 😱 Are we witnessing a real power shift or is it just a firework?
To give you an idea, the Solana memecoin ecosystem is growing like crazy, already representing 20% of the total market capitalization of memecoins, which is $54 billion! Not bad, right? And of course, Pump.fun has been the king of the party with its explosive launches that could make you a millionaire in the blink of an eye. But beware, because underneath the surface, the numbers are singing a different tune.
BONK scores a goal against Pump.fun! ⚽️
The latest is that BONK has surpassed Pump.fun in the daily volume of linked Solana tokens. And what does that mean, folks? Well, it means people are putting in more SOL (the Solana crypto) to "create" BONK tokens than for those of Pump.fun. This is a big sign!
Let's see, Pump.fun has been killing it since it launched in January 2024, generating a fortune with its quick launches. It reached a daily volume of $1.5 million! And over 11 million tokens were launched there. But, like in life itself, the party doesn't last forever. The daily volume of Pump.fun has dropped a lot, from an average of $400 million a year to about $150 million a day now. The bubble is deflating!
Meanwhile, platforms related to BONK have soared like a palm tree to the sky, capturing 53.2% of the linking activity! This is no small feat, my people. It's as if traders are rotating their money towards more "solid" or "structured" platforms, which could indicate that the Solana memecoin market is maturing. It's no longer just a race for the first arrivals!
Why is this so important for BONK? 🤔
To understand the magnitude of this, one must look at the SOL lockups being done for BONK. More and more SOL is being locked into Bonk for the long term. The Total Value Locked (TVL) in SOL bonds for BONK has risen nearly 50% in just two months, reaching $11.98 million by July 6.
This is not just a passing trend. While the system is similar to Pump.fun, where you put in SOL to create tokens, in BONK this is showing a more "real" commitment. It's not just due to the "bubble" of the moment, but SOL is staying in the BONK ecosystem for the long term. It's like people are building a house, not just a tent for the festival!
So, for BONK to have won the race against Pump.fun in linked token volume is no coincidence. It points to a structural change in how money moves in the world of Solana memecoins. Pump.fun may have lit the fuse, but BONK is attracting the capital that truly stays. If this trend continues, get ready because BONK could lead the Solana memecoin scene in the third quarter of this year!
We need to keep a close eye on this move, as it could bring big surprises! Could BONK be the memecoin that gives us the surprise of the year? Only time will tell!$SOL $BONK
