• PumpFun captured 89.6% of daily launchpad market share on August 17, extending its sector dominance.

  • Rival platforms Bags, Moonshot, BonkFun, and Launchlab held a combined market share of under 11%.

  • PUMP token fell 9.5% in 24 hours, sliding from $0.003104 to $0.002871 amid strong selling pressure.

PumpFun, a platform on the Solana blockchain that simplifies the process of creating and launching new cryptocurrencies, particularly memecoins, has continued to record new levels. PumpFun has continued to dominate daily launchpad activity, extending its lead over competing platforms during recent months. 

PumpFun Retains Strong Lead in Launchpad Market Share

According to a post on X by Satoshi Club, data from August 17 showed the platform capturing 89.6% of the total daily launchpad market share, reflecting consistent growth that began in mid-June. The chart indicates that PumpFun’s dominance expanded steadily, reducing competition across the sector and establishing it as the leading driver of activity. Other platforms maintained smaller shares of the launchpad market.

Source: X

Bags recorded 5.9% on August 17, marking it the second-largest contributor. Moonshot followed with 2.3% of the market, while BonkFun captured 1.7%. Launchlab accounted for 0.5% of total daily volume, and Believe showed no measurable share on the same date. The figures underline the reduced presence of competing platforms when compared to PumpFun’s commanding performance. Earlier data revealed more fragmented activity, with several platforms competing for meaningful shares of the market. 

However, since late June, PumpFun has strengthened its control, pushing its share consistently above three-quarters of daily launchpad volume by July. Peaks in activity were visible in late June and early July, but PumpFun maintained its lead throughout those fluctuations.  By August 17, the combined market share of Bags, Moonshot, BonkFun, and Launchlab remained below 11%. This confirms the scale of PumpFun’s lead, with its activity continuing to define the overall launchpad market structure.

PUMP Token Slides 9.5% in 24 Hours

While the platform continues to record new market share levels, the native token has leaned downwards. At the time of press, CoinMarketCap data reveals that PUMP opened its market with a price value of $0.003104 during the Asian trading session. Despite opening the price value at that level, a dip followed, further leading to the current levels.

Source: CoinMarketCap

Currently, PUMP is trading at a price value of  $0.002871 after recording a 9.52% decline over the past 24 hours. The chart shows the token trading near $0.00317 earlier before experiencing a steady downward trend. Between late evening and early morning sessions, the price fluctuated around $0.0031 with minor recoveries.

However, selling pressure intensified shortly after, driving the token below $0.0030. A sharper drop occurred during early morning hours, pulling the price closer to $0.0028. Since then, trading has remained weak, with limited upward movement observed in intraday sessions. The overall daily pattern indicates sustained downward pressure, as the token continues to test lower levels around $0.0028.