The past weeks have not been easy for Pump.fun.
Although it organized its initial public offering (IPO) and raised $500 million in 23 minutes with a market value of $4 billion, this success turned into significant challenges after the offering.
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📉 Reasons for the decline of Pump.fun after the offering:
Continuous decline in revenue and PUMP token value.
Increased regulatory pressures on the platform.
The community feels disappointed with the way the project has been managed after the public offering.
Fierce competition from a new rival platform: LetsBonk.
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⚡️ Who is LetsBonk and why did it excel?
The platform has become the favorite for "degenerates" in the Solana meme coin world.
It dominated 55% of Solana launch platform revenues in July 2025.
Provides an easy user experience, with innovative features that enhance community engagement.
It significantly exceeded Pump.fun's daily trading volume: over $120 million compared to $12.4 million.
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🔍 Shocking numbers:
Pump.fun
24-hour revenue: $231,000
Trading volume: $12.4 million
Number of tokens released today: Less than 5,000
LetsBonk
24-hour revenue: More than $1,000,000
Trading volume: $120 million
Number of tokens released today: More than 17,000
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📝 Summary:
The success of Pump.fun as a leading platform has begun to erode due to public offering challenges and regulatory pressure, while LetsBonk has benefited from a strong fan base and an advanced user experience to cement its market position.
Do you expect Pump.fun to return to competition or will LetsBonk continue to lead? Share your opinion! 💬