BONK is currently facing a sharp decline in price and liquidity as Pump.fun regains dominance in the Solana memecoin launchpad market.
The rise of BONK has stalled, while Pump.fun has shown impressive increases in volume and token launches, forcing the BONK_fun team to roll out reward points (Points Tab) to retain the community.
MAIN CONTENT
BONK has dropped sharply in price and volume, losing its leading position in the launchpad to Pump.fun.
Pump.fun leads in trading volume, number of token launches, and holds over 90% market share of the Solana memecoin launchpad.
BONK_fun responds with the Points Tab strategy to increase community engagement, but has not yet reversed the market trend.
What is BONK?
BONK is a prominent Meme Coin in the Solana ecosystem, which once attracted significant attention due to an impressive price increase at the beginning of 2025.
BONK once led in popularity across many launchpads due to community enthusiasm, especially after a price spike of 80% in July, reaching a peak of 0.000040 USD. The spread of BONK created a FOMO effect, attracting many traders to push the price up high in a short time.
However, as BONK's price quickly declined and many holders shifted to profit-taking, signs of distrust in recovery capabilities emerged. This made it difficult for BONK to maintain sustainable growth.
What notable characteristics does the recent decline of BONK have?
BONK has dropped more than 13% this month, falling below the 2 trillion USD market cap, while going against a 4% increase in Dogecoin (DOGE) during the same period.
The main reason comes from the RSI index reaching a peak and creating a Reset Setup, but the price continuously broke new lows - dropping by half in less than a month, down to 0.000020 USD. The market structure became increasingly poor with 4 consecutively lower lows, with no significant accumulation activity recorded.
"The recent developments of BONK do not align with the traditional Buy the Dip strategy; this marks a clear shift in investor sentiment."
AMBCrypto, Market Analysis, 8/2025
Signs of holders taking profits reflect that the FOMO trend has shifted to selling pressure, quickly withdrawing money from the market as buying power weakens. In contrast, major Meme Coins like Dogecoin have shown good rebounds during the same period.
What caused BONK to be surpassed by Pump.fun?
Pump.fun has regained control, becoming the leading memecoin launchpad on Solana with volumes and token launches far exceeding BONK_fun.
On August 6, 2025, Pump.fun's 24-hour trading volume reached 100.7 million USD, far exceeding BONK_fun with only 70.6 million USD. On the same day, Pump.fun launched 16K new tokens, much more than BONK_fun's 11.4K tokens. Notably, the event where Pump.fun executed a 33 million USD buyback triggered a 20% price increase, significantly breaking through community sentiment.
"Large buybacks and continuous token launches on Pump.fun help the platform regain community trust and significantly increase liquidity, surpassing all competitors."
SolanaFloor, Market Report, 8/2025
As a result, Pump.fun captured up to 90% of the trading volume market share of memecoin launchpads on Solana, while BONK_fun dropped to 4th place with only 0.74%. Investor sentiment and trading community shifted towards Pump.fun to take advantage of more enticing new token releases.
How has the launchpad market share on Solana changed?
The comparison table below clearly shows the changes in the Solana memecoin launchpad market at the beginning of August 2025.
24h Trading Volume (USD) Token Launches Market Share (%) Pump.fun 100.7 million 16K 90 BONK_fun 70.6 million 11.4K 0.74 Other platforms ~7 million* ~1K* Others
*Estimated data from total volume and SolanaFloor report 8/2025.
"The new dominance of Pump.fun in the launchpad market clearly reflects users' preference for platforms with strong liquidity and many potential tokens."
TradingView, Solana Data Report 8/2025
Previously, BONK_fun was the driving force behind BONK's 80% price increase in July 2025. Now, the capital flow trend is clearly shifting towards Pump.fun with better liquidity and more attractive token releases.
How does BONK_fun respond to pressure from Pump.fun?
The BONK_fun development team has added the Points Tab feature, rewarding points for trading and token issuance activities on the platform to maintain community engagement and restore trading volume.
The Points Tab program was launched to incentivize traders to continue releasing new tokens as well as participate in activities on BONK_fun. However, experts say this strategy is not strong enough to reverse market structure or compete fairly with Pump.fun's superior liquidity.
"The Points Tab feature of BONK_fun somewhat helps maintain community interest, but cannot replace Pump.fun's advantages in volume and strong buyback effects."
AMBCrypto, Analysis Report, 8/2025
Overall, even though BONK_fun's new strategy is considered a step in the right direction, there have been no significant changes in market share or market sentiment.
Frequently Asked Questions
What is BONK?
BONK is a prominent Meme Coin in the Solana ecosystem, once gaining significant attention due to a major price increase in 2025.
Why did BONK's price drop sharply in August 2025?
BONK decreased as investor sentiment shifted from FOMO to profit-taking; the price fell by half in just one month due to a lack of new growth drivers.
What position does Pump.fun hold in the memecoin launchpad market?
Pump.fun clearly leads with over 90% market share of the Solana memecoin launchpad, surpassing all competitors in volume and the number of token launches.
What is the Points Tab strategy of BONK_fun?
Points Tab is a reward program for users participating in trading and token issuance, aimed at stimulating engagement and increasing trading volume on BONK_fun.
What is the main difference between BONK_fun and Pump.fun?
Pump.fun excels in trading volume, number of issued tokens, and has strong buyback programs, while BONK_fun stands out with its Points Tab reward points.
How to identify which launchpad market is leading?
Based on 24-hour trading volume, the number of newly issued tokens, and market share reports from reputable data sources such as SolanaFloor, TradingView.
Is the decline of BONK a buying opportunity?
BONK currently shows no signs of accumulation, the market structure remains poor, and experts assert it is not the time for "Buy the Dip."
Source: https://tintucbitcoin.com/bonk_fun-giam-pump-fun-on-sap-phuc-hoi/
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