Currently, Bonk @bonk_fun's data has fully surpassed Pump, and not only does Bonk have a Launchpad but also Bonkbot. Bonk's market cap is lower than Pump's. Currently, letsBONK has achieved a comprehensive surpassing of Pumpfun's data dimensions.
However, the platform coin sector is a zero-sum game. From the price performance perspective, since Pump 58 Bonkguy called for Pump, Bonk has also basically reached a high point of 0.004. Although these two platforms are in competition, their overall price trends have been very consistent so far. The activity level has declined by 30%-40% from its peak in February 2025 to now.
Bonkguy's call for Pump is indeed big-picture thinking because he deeply understands the zero-sum nature of this game. Whether these two leaders will rise is not determined by who FUDs whom or who calls it, but whether the funds continue to flow into this sector when the altcoin capital rotates ( $PUMP + $BONK is basically close to 7B ).
Strictly speaking, the biggest competitors for these two launchpads are not each other, but:
- Binance Alpha, new coins from VCs each worth several million to tens of millions, with enough room for growth.
- $WLFI, which can drive the DeFi sector.
- $XPL, stablecoins.
- Any other new altcoins and mainstream large-cap old altcoins that can attract funds and emotions.
In summary:
- Overall attention in the sector has weakened, with the trading volume of major coin contracts decreasing, and the wealth creation effect diminishing.
- The fundamental income logic is no longer solid, and latecomers have strong competitiveness.
You can mindlessly protect Pump, but you can't say that Alon is very rich, so Pump must rise, right? You can't say that whoever calls it will definitely surge by 50%, can you? You can't still rely on narratives to make a living these days, can you?
In the future, the capital inflow data for these two coins still needs to be dynamically observed to avoid stepping into the Blur trap again. Considering the opportunity cost issue, if small funds go to gamble on other new coins, the time required to reach the target from 0.004 to 0.006 is much less than that on Pump, referencing the situation of $C $ERA. After contract gambling and deep washout, there is definitely also an opportunity. The market is good now, considered a bull market, and in a bull market, nothing is impossible; using the rising tide of the bull market to make a case is meaningless.
Finally, from the data, there are still thousands of tokens that can graduate every week, and the strategy of small bets for big gains remains unchanged, simplifying altcoin positions to major mainstream and some leading coins.
