The meme coin wars in the crypto space have reignited! In the past month, the 'battle' between #pumpfun and #Letsbonkfun , two major meme coin launchpads, seems to be bustling but also hides volatility.
Are you a bit curious about what exactly happened behind these two platforms? While the meme coins led by Pump.fun are gradually warming up, the situation for Letsbonk.fun seems to have fallen into a bottleneck.
What fluctuations have occurred in the market from early July until now? Is it the surprising success of new coins, or the steadfastness of old coins leading to a turnaround? Or perhaps, the 'revival' of meme coins is quietly unfolding?
💥 Although Letsbonk.fun has still occupied the top market share in the past 7 days, its hot spots within the ecosystem now show a completely different direction compared to Pump.fun.
Today, let's take a look at the highlights behind this meme coin launchpad battle.
🏁 Pump.fun: Meme Coin 'rebirth', $PUMP stands out!
The live event in July caused Pump.fun to experience a sharp drop, with the price of $PUMP once falling below a $3 billion market cap, creating a very poor decline record. From the live broadcast on July 24 to early August, the market temporarily labeled Pump.fun as a 'public relations disaster.' However, after this period, the situation seems to have changed—Pump.fun seems to be turning the tide!
In the half month after the price crash, Pump.fun did not stagnate but quietly made progress, especially its ecosystem tokens, which gradually showed strong momentum. Particularly, $TROLL, $Tokabu, and $USDUC have all welcomed several times the increase, with their market caps breaking through tens of millions or even over a billion.
📈 $TROLL, a project that was once underestimated, has increased by up to 9 times since July 25, with a market cap exceeding $100 million, becoming a 'big star' in the Pump.fun ecosystem. Both $Tokabu and $USDUC have also skyrocketed to 5 times and 2 times, performing impressively and attracting the attention of many investors.
These new coins don't have any super 'hardcore' benefits, but because Pump.fun maintained content updates and community activity even in the most adverse circumstances, these 'new players' have maintained strong community support and a consistent operational rhythm, undoubtedly giving the meme coin market a shot in the arm.
💡 Counterattack signal: $PUMP buyback plan launched!
At the beginning of August, Pump.fun officially announced the buyback plan for $PUMP.
According to official data, in the past 6 days, Pump.fun has repurchased approximately 8740 SOL of $PUMP, equivalent to 102% of the platform's revenue! This operation has shown the market Pump.fun's determination and strength, also laying the groundwork for the platform's subsequent counterattack.
What’s more noteworthy is that the holdings of $PUMP have turned from losses to profits, indicating that Pump.fun's operating team has found some effective countermeasures and restored confidence in the market.
However, to achieve a complete revival, Pump.fun still needs to put in more effort. Airdrops, live broadcasts, and more community activities will be their next strategic layout. In the current market environment, only by maintaining a stable rise of coins within the ecosystem can they attract more investors' attention.
🔥 Letsbonk.fun: Short-term bottleneck, but the ecosystem remains strong.
Returning to Letsbonk.fun, this platform has consistently held half of the market share over the past month and has maintained a leading position in performance over the past 7 days. Especially after the explosive growth of the $Ani project, Letsbonk.fun has once again demonstrated its strong market appeal.
However, contrary to expectations, although Letsbonk.fun still performs strongly in the short term, some of its 'star coins' are beginning to show signs of fatigue. For example, $USELESS, which once exceeded a $400 million market cap, has now fallen back to around $200 million; the market cap of $Memecoin has also dropped from a peak of $60 million to $11 million; $Ani has plummeted from $86 million to $30 million.
😬 These pullbacks may not seem fatal, but they have filled investors with doubts about Letsbonk.fun's future.
But... buybacks and support are still ongoing.
Nevertheless, Letsbonk.fun's buybacks and continuous support for meme coins within the ecosystem have not stopped. This platform has been striving to maintain its market share, avoiding a deep silence like Pump.fun.
Currently, although Letsbonk.fun's market share is being rapidly caught up by Pump.fun, its foundation remains solid, especially through continuous buybacks and strong support, making its meme coins still highly regarded in the market.
However, to completely break through the current bottleneck, Letsbonk.fun needs more novel gameplay and strong narratives, as the meme coin market heavily relies on 'storytelling' and 'community atmosphere.'
🥳 Bags & Moonit: Old platforms, new tricks.
In addition to the two major battlefields, other platforms are also quietly making moves. Among them, Bags and Moonit are two relatively new launchpads.
Bags: Donation narrative attracts attention, $CANCER token donations for charity.
What makes Bags special is that it has introduced the concept of 'donation narrative.' The $CANCER token on the platform promises to donate 100% of transaction fee income to the breast cancer charity organization Susan G. Komen. This unique donation model has attracted considerable attention, and they have already donated $35,000.
Another token that has attracted attention is $WINRAR, which directly assigns token income to the official Twitter account of the widely used compression application WinRAR. This has drawn a response from WinRAR's official account.
However, despite attracting attention with this unique public welfare marketing, the performance of $CANCER has not been sustained for long, and the current market cap has not met expectations. It seems that while this model attracted short-term attention, whether it can be maintained still requires more time and market validation.
Moonit: AI + Meme Coin, can it break the liquidity dilemma?
Moonit has adopted a relatively futuristic solution, combining AI technology with the launch of meme coins, and is able to automatically generate tokens based on popular memes on the social platform 9GAG.
This idea itself is very innovative, as 9GAG is one of the most popular meme communities worldwide. If Moonit can successfully transform these 'hot' contents into focal points in the crypto space, it will undoubtedly attract a large number of users.
However, the biggest problem with this model is whether it can solve the issues of liquidity and community consensus. Without strong community support and liquidity guarantees, AI-generated meme coins may face the risk of quickly becoming 'outdated.' Currently, this project has yet to outperform others and remains in the testing phase.
🧐 Summary: The rebound path of the meme coin market still requires 'brainpower.'
Currently, the meme coin market is in a stage of 'searching for rebirth.' Platforms like Pump.fun and Letsbonk.fun are trying to explore a 'revival path' from different avenues. From new coin performance to buyback strategies and community operations, every step is striving to inject new vitality into the meme coin market.
Platforms like Bags and Moonit are also trying to introduce innovative mechanisms, but the stability of liquidity and community remains key to their success. At this stage, the meme coin market still faces many uncertainties, and how to restore players' confidence in meme coins may be the biggest challenge determining the future direction.
😎 However, for players who enjoy meme coins, this is undoubtedly a period full of expectations and opportunities. The future meme coin market is still worth our continuous attention and exploration!
Many understand the trend, but few keep the right rhythm.
The crypto space changes rapidly, with opportunities and risks coexisting. Learning to enter and exit strategically, protecting principal, is the way to move forward steadily and reap wealth and growth.✍️
Remember to DYOR, manage risk well, and wish everyone smooth sailing in the crypto space! 🌊
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