Author: Daniel Li, CoinVoice
In the cryptocurrency market of 2025, Meme coins have become star assets on the Solana blockchain due to their unique community culture and financial innovation. With high throughput and low transaction costs, Solana has attracted a large number of Meme coin projects, with a total market value exceeding $112.3 billion and a daily trading volume of about $3 billion. However, traditional launching platforms like Pump.fun have been criticized for high fees, opaque governance, and high failure rates (up to 98.7%). These issues have created a strong demand for a fairer and more transparent platform.
letsBONK.fun was born, a Meme coin launch platform launched by the BONK team on April 25, 2025, aimed at reshaping the Meme coin issuance ecology through no-code issuance, transparent revenue distribution, and deep integration with Raydium and Jupiter. Just a few months after its launch, it attracted over 1 million active users and surpassed Pump.fun on key metrics to become the leader in Meme coin launches on Solana. This article will deeply explore how letsBONK.fun, through community-driven and transparent innovation, leads a new wave in the Solana Meme coin market from three aspects: its birth background, core advantages, and its ecological and industry impact.
The birth of letsBONK.fun and market opportunities
The cryptocurrency market in 2025 is like a frenzied feast, and the Solana blockchain is undoubtedly the center stage of the Meme coin craze. Its total market capitalization has soared to $112.3 billion, with daily trading volumes stabilizing at $3 billion. With its high throughput of thousands of transactions per second and transaction fees as low as a few cents, Solana has become the ideal breeding ground for Meme coins. Meme coins, with their close ties to internet meme culture and viral spread characteristics, have attracted widespread attention from retail investors to speculators. However, the market's high volatility and a token failure rate of up to 98.7% expose the industry's pain points: many Meme coin projects are short-lived, and investors often fall into the trap of 'rug pulls' (where developers withdraw funds and run away).
The traditional launch platform Pump.fun was once a dominant player in this field. Since its launch in January 2024, its innovative bonding curve mechanism (which increases prices with purchasing demand) allowed anyone to easily create tokens, sparking a boom in Solana Meme coins. However, by mid-2025, the halo of Pump.fun gradually faded. According to Ainvest, its daily revenue plummeted from $7 million at the beginning of the year to $500,000, and its market share dropped from 98% to 37.7%. User dissatisfaction mainly focuses on three points:
High fees: Pump.fun charges a 1% transaction fee and requires a fee of up to 6 SOL when tokens successfully list on Raydium; the costs are too heavy for small creators.
Lack of transparent governance: Pump.fun's fund allocation and decision-making processes lack public disclosure, making it difficult for the community to trace, such as unclear sources of income.
High risk: According to Solidus Labs, about 98.6% of tokens on Pump.fun exhibit pull or fraud characteristics, leading to a significant decline in user trust. Criticism on platform X even includes terms like 'final scam', accusing its $4 billion PUMP token distribution of favoring early investors and neglecting the interests of ordinary users.
In such an environment, the market calls for a new launch platform centered on fairness and transparency. The BONK team took the opportunity: as a 'people's token' initiated by the Solana community, BONK launched an airdrop at the end of 2022, distributing 50% of the tokens to Solana's NFT collectors, developers, and artists, quickly gathering over 430,000 fans on platform X. On April 25, based on the BONK ecosystem, letsBONK.fun officially launched, announcing that it would 'completely revolutionize' the creation and trading process of Meme coins with no-code issuance and transparent mechanisms. The platform has received support from ecological partners including Anatoly Yakovenko (Toly), co-founder of Solana Labs, Jupiter, MoonPay, etc., connecting fiat entry points and cross-platform liquidity. By integrating deeply with Raydium and Jupiter, letsBONK.fun automatically creates liquidity pools on Raydium and utilizes Jupiter for optimal cross-DEX routing. This means that any user only needs to connect their wallet, fill in basic information such as token name, symbol, and supply, and they can complete the creation of a new coin within minutes, without needing programming experience.
letsBONK.fun achieved impressive results just a few months after its launch. According to data from DefiLlama, as of July 18, letsBONK.fun's daily revenue has surpassed $1.5284 million, while Pump.fun was only $574,200, with market shares of 55.96% and 37.7% respectively. In terms of the number of tokens issued, letsBONK.fun is also far ahead: Dune Analytics shows that on July 7, letsBONK.fun issued 19,620 tokens within 24 hours, far exceeding Pump.fun's 9,249. The platform has also attracted global developers by hosting the BCM Hackathon (offering a $200,000 prize), promoting the emergence of innovative projects. These data and activities indicate that letsBONK.fun has gained market recognition through community-driven and transparent innovation and is quickly replacing Pump.fun as the leading Meme coin issuer on Solana.
Core advantages of letsBONK.fun
The rise of letsBONK.fun is not accidental; it stems from its thoughtful mechanism design and precise grasp of user needs. The platform adheres to the core concept of 'no code, fair launch', combining an intuitive interface with smart contract technology, significantly lowering the threshold for Meme coin issuance. Users only need to visit the letsBONK.fun official website, connect their Solana wallet, fill in basic information such as token name, symbol, description, logo, and supply, choose fixed supply or bonding curve model, and finally click the 'Launch' button. The platform will automatically deploy the token contract and create a liquidity pool through Raydium's LaunchLab while utilizing Jupiter's routing function for cross-DEX trading. This seamless process compresses the token issuance time to just a few minutes, completely without programming knowledge, allowing both crypto newcomers and experienced developers to participate easily.
The revenue distribution model of letsBONK.fun is one of its core competitive advantages, enhancing community trust and supporting the long-term development of the Solana ecosystem through a transparent distribution mechanism.
According to official data, as of July 2025, letsBONK.fun has accumulated revenue of 68,000 SOL, with 34,000 SOL used for BONK repurchase and destruction, and 10,000 SOL for staking. This mechanism is made public to the community through a real-time dashboard, significantly enhancing user trust. CryptoManiaks reported that the platform drove BONK's price increase by over 50% through token destruction in its first week online. In contrast, Pump.fun's revenue distribution lacks transparency, and most of the funds do not return to the community, leading to user attrition.
Compared to other platforms, letsBONK.fun exhibits significant advantages in technical architecture and operational mechanisms. Although Pump.fun adopted the bonding curve mechanism to simplify the token creation process, its high 'graduation fee' of up to 6 SOL and closed ecosystem severely limited the visibility and liquidity expansion of tokens on other decentralized exchanges (DEXs). The 'tweet-to-token' feature launched by the Believe platform is indeed topical, but due to the small community size, it is difficult to form a scaled effect. Moonshot offers lower fees but lacks effective integration for liquidity, limiting project expansion. In contrast, letsBONK.fun relies on deep integration with Raydium and Jupiter to ensure that each newly launched token can quickly go live and obtain sufficient liquidity.
On April 26, 2025, Raydium set a record of 4,000 token issuances in a single day, with trading volume reaching $25 million, demonstrating its strong mobilization capability, driven by letsBONK.fun. The platform also launched the RAY token creator incentive mechanism in July 2025, rewarding based on 0.05% of trading volume, which has a higher distribution efficiency and on-chain transparency compared to Pump.fun's equivalent revenue-sharing plan launched in May, and has received more positive feedback. In addition, letsBONK.fun's smart contracts have passed rigorous audits, combined with mandatory liquidity lock mechanisms, effectively curbing developer rug pull behavior, significantly improving the phenomenon of 98% of tokens on Pump.fun being flagged as high risk. In the future, the platform will also introduce a voting mechanism for BONK holders to implement decentralized governance principles, further enhancing community participation and platform sustainability.
letsBONK.fun's low fees (1% uniform transaction fee), transparent dashboard, anti-fraud design, and strong community support (430,000 fans and endorsements from KOLs like @SolportTom) together form its competitive advantage. Compared to Pump.fun's high costs and opaque governance, letsBONK.fun provides a more friendly environment for small creators, while its deep integration with the Solana ecosystem ensures high liquidity for tokens. This user-oriented and eco-synergistic model not only allows letsBONK.fun to stand out in competition but also sets a new benchmark for fairness and transparency in the Meme coin launch industry.
The ecological development and industry impact of letsBONK.fun
Since the launch of letsBONK.fun, several high-market-value Meme coin projects have emerged, showcasing the platform's incubation capabilities. Here are some representative projects:
Useless Coin (USELESS): Launched in May 2025, humorously self-deprecating as 'useless', it formed viral marketing through community-driven quirky promotions. According to CoinGecko data, as of July 19, its market value reached $299 million, with a rise of as much as 2,400% within a few weeks of issuance. Dune analysts describe its growth as 'organic and real', reflecting the strong community-driven effect, and it has now become the largest project on the platform.
Hosico Cat (HOSICO): Launched in May 2025, combining the cat IP with 1.8 million Instagram followers and AI art style, attracting a lot of community attention. According to data from multiple platforms, its market value is approximately $33.4–34.7 million, with a 24-hour trading volume of $3.4–4 million. Although its market value is not as high as USELESS, its cute positioning and distribution path in the ACG community are significant, with some art circle KOLs (like @ArtByLuna) evaluating it as having the momentum to become the next cat-themed coin.
Ani Grok Companion (ANI): Launched in June 2025, closely tied to the NFT and AI craze, the project initiated a series of activities on platform X titled 'Learn AI with Grok', significantly enhancing community engagement, with a current market value of $30.51 million.
Bonk Level Saviour (SAVIOUR): Launched in May 2025, named after the BONK developers, with a market value of $31.33 million, reflecting community loyalty.
Kori (KORI): Launched in June 2025, based on Japanese and Korean pop culture IP, with a market value of $27 million, favored by subculture enthusiasts.
The success of these projects is closely related to the barrier-free issuance and efficient liquidity support provided by letsBONK.fun. Data shows that letsBONK.fun's 'graduation rate' (the proportion of tokens completing initial fundraising and listing on Raydium) is about 2.5%, much higher than Pump.fun's 1.3%. The deep integration with ecological partners is key to its success: Raydium's LaunchLab automatically creates liquidity pools for new tokens, and Jupiter routes further expand trading coverage, reduce slippage, and attract market-making bots. In fact, since late April 2025, the daily issuance of new coins on Raydium has repeatedly set new highs, and the cumulative number of tokens issued by the platform has grown exponentially. Meanwhile, letsBONK.fun has also partnered with payment channels like MoonPay to provide investors with convenient fiat recharge options and integrated with AlphaScan's Launchpad filtering system to improve the visibility of quality projects.
The rapid rise of letsBONK.fun has also attracted industry attention and follow-up. The public support from Anatoly Yakovenko, co-founder of Solana Labs, adds credibility to it. KOLs like @theunipcs (one of the largest holders of Useless Coin) and @SolportTom have promoted it through social media, triggering a 'LetsBonk' craze, pushing the market value of letsBONK.fun to soar from $100,000 to $30 million within 6 hours. Dune analyst Adam Tech states that 70% of the platform's token growth is 'organic growth', reflecting genuine market demand. The community's 430,000 fans and Solana ecosystem's SBR program (which allocates 4% of platform revenue to fund developers) further enhances ecological vitality. However, critics like @ferbsol argue that letsBONK.fun is a 'copycat' of Pump.fun, but its outstanding performance data and transparent mechanisms strongly refute this view.
From an industry perspective, letsBONK.fun's model has far-reaching implications. Its transparent revenue distribution system—accumulating 34,000 SOL destroyed and 10,000 SOL staked—sets a new benchmark for the industry, forcing other platforms to improve their governance structures. According to Ainvest (Solana News), the platform's activities have driven the BONK coin price to increase by 22% within 24 hours, bringing significant liquidity and deflationary effects to the Solana ecosystem. In addition, under pressure, Pump.fun was forced to lower some fees in June 2025, but the success of letsBONK.fun is not easily replicable: it relies on years of cultural accumulation and a fan base of hundreds of thousands from the BONK community. In the future, letsBONK.fun plans to launch a public fee dashboard and community governance voting functionality, further enhancing transparency and user engagement. Although market volatility and competitive pressures still exist, letsBONK.fun has laid a solid foundation for the long-term prosperity of Meme coin launches on Solana with its innovative mechanisms and ecological cooperation.
