š° Today in Crypto: LetsBonk Surges, TON Visa Claims Denied, and a Massive BTC š LetsBonk Outpaces Pump.fun in Memecoin Revenue
Solanaās memecoin battleground just saw a major upset. LetsBonk, a relatively new memecoin launchpad, has overtaken the long-dominant Pump.fun, doubling its daily revenue. According to DefiLlama, LetsBonk raked in $1.04 million in 24-hour revenue on Monday, compared to Pump.funās $533,412.
This sudden surge marks a significant power shift in the memecoin space. LetsBonk is benefiting from strong backing by the BONK community ā one of the largest and most active Solana-based memecoin ecosystems. With over 430K followers on X and a $1.8B market cap, BONKās influence appears to be steering a growing user base toward LetsBonk.
Launched in April 2025, LetsBonk brands itself as a āself-serving launchpad for memecoins,ā aimed at countering what it calls exploitative practices in the space. Its emphasis on decentralization and social engagement may be paying off.
š¦šŖ TON Falls After UAE Denies Golden Visa Rumors
Toncoin (TON) faced a sharp 6% dip after United Arab Emirates authorities debunked reports that staking $100,000 worth of TON could grant access to the coveted UAE golden visa.
TON had briefly surged 10% to $3.03 following a statement from The Open Network suggesting that long-term staking could qualify applicants for residency. But on Monday, UAE officials issued a clear denial through the Emirates News Agency, stating:
āGolden visas are not issued to digital asset holders. Digital currency investments are governed by separate regulations.ā
The news serves as a reminder to verify such high-impact claims through official channels, especially as global crypto regulations remain fluid and complex.
š $8.6B Bitcoin Whale Moves Funds ā But Itās Not a Sell-Off
A mysterious Bitcoin whale stirred after 14 years of silence, moving a massive $8.6 billion worth of BTC last Thursday ā sparking widespread speculation. But according to blockchain analytics firm Arkham, thereās no indication of a sell-off.