๐ July 22, 2025 | Miami, USA
Let'sBonk, the most controversial and viral memecoin launchpad on Solana, has just consolidated a record that is shaking the entire crypto community: today it controls 64% of the market share of meme token launches within the Solana ecosystem, as revealed by The Block. This absolute dominance confirms that the memecoin craze is not only still alive, but also professionalized and centralizedโฆ at least within Solana.
The platformโwhich began as a simple meme token generator for users without programming knowledgeโhas now become the official factory for puppies, cats, toads, and viral tokens that flood DEXs like Raydium and Jupiter every week.
What is Let'sBonk and how did it get here?
Let'sBonk started as a joke, driven by the community that launched the BONK token in 2023. But what seemed like a meme experiment morphed into an industrial liquidity-generating machine, allowing anyone to create and launch their own memecoin in minutes, with contract templates, express audits, and integrated liquidity pools.
Today, Let'sBonk:
Attracts thousands of token creators looking to go viral quickly.
Generates fees for each launch and swap.
Offers marketing tools and automated airdrops.
And maintains a hyperactive community of pump-and-dump-hunting retail traders.
The platform surpassed competitors like MemeFi and SolMeme, capturing nearly two-thirds of all new memecoin volume on Solana.
What does this dominance mean for Solana?
For some, this is positive: Let'sBonk injects liquidity and users into Solana, consolidating the network as the global epicenter for ultra-cheap, quick-to-create, and easy-to-trade meme tokens.
But for others, this raises concerns:
Risk of network saturation with tokens with no real value.
Increase in fraud and rug pulls.
Wear and tear on Solana's technological narrative compared to blockchains focused on "serious" DeFi.
However, the numbers are clear: while many blockchains struggle to attract users, Solana attracts hordes of memecoin traders who move millions each week, and Let'sBonk is the driving force behind this craze.
The context: memecoin mania continues
Since DOGE and SHIB opened the door to millionaire memes, each bullish cycle revives the fantasy of multiplying $10 into thousands with viral tokens. Let'sBonk professionalized that momentum, with an easy-to-use launchpad, native marketing, and near-instant liquidity.
The result: Let'sBonk's market share grew from 20% to over 60% in just 8 months. And the creators are already planning to expand with Let'sBonk 2.0, which will include cross-chain tools.
Topic Opinion:
I see Let'sBonk as a reflection of the best and worst of the crypto world: boundless creativity, near-zero barriers to entryโฆ and, at the same time, an avalanche of tokens of dubious utility that can erode the confidence of new users.
A recommendation? If you want to ride the memecoin wave, do so with a cool head: study the projects, check liquidity, verify contracts. And, above all, remember that 99% of these tokens are designed to rise quickly and collapse just as quickly.
But you have to admit: Let'sBonk perfectly understood the psychology of the crypto crowd... and is monetizing it on a scale no one saw coming.
๐ฌIs it good or bad that a single launchpad controls 64% of the memecoin market?
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