Pump.fun returns to a leading position on Solana, PUMP token surges in price

Pump.fun, the platform for launching meme coins on the Solana network, has reclaimed its leading position from its main competitor #LetsBONK , causing the PUMP token to rise by 20% in one day.

Regaining market share and trading volume

After losing market share to LetsBonk for a month, Pump.fun has made a strong comeback. According to data from Dune, on Sunday, 67% of the 27,500 new meme coins on $SOL were launched on Pump.fun. The trading volume of this platform also skyrocketed to 134 million USD, far surpassing LetsBonk (12 million USD) and Bags (38 million USD).

This comeback has helped Pump.fun's daily revenue recover strongly, from a low of 169,000 USD to over 1 million USD recently.

Community support move

To solidify its position, #pumpfun introduced the Glass Full Foundation last week, an organization established to support popular meme coins by providing liquidity, thus helping the communities of these tokens develop more sustainably.

Despite the price of token $PUMP still being far from its historical peak, this strong comeback shows that the platform still holds great appeal for the meme coin trading community. The competition among token launch platforms on Solana is heating up, bringing more choices and opportunities for investors.