letsBONK.fun: Reshaping the Launch Pattern of Solana Meme Coins

Author: Daniel Li, CoinVoice

In the cryptocurrency market of 2025, Meme coins have become star assets on the Solana blockchain due to their unique community culture and financial innovations. Solana, with its high throughput and low transaction costs, has attracted a large number of Meme coin projects, with a total market capitalization surpassing $112.3 billion and a daily trading volume of approximately $3 billion. However, traditional launch platforms like Pump.fun have been criticized for high costs, opaque governance, and a high failure rate (up to 98.7%). These issues have generated a strong demand for fairer and more transparent platforms.

letsBONK.fun was born out of necessity. It is a Meme coin launch platform launched by the BONK team on April 25, 2025, aimed at reshaping the Meme coin issuance ecology through no-code issuance, transparent revenue distribution, and deep integration with Raydium and Jupiter. In just a few months since its launch, the platform attracted over 1 million active users and surpassed Pump.fun in key metrics, becoming the leader in Meme coin launches on Solana. This article will explore in depth how letsBONK.fun leads the new wave of the Solana Meme coin market through community-driven and transparent innovation, focusing on its background, core advantages, and ecological and industry impacts.

The Birth of letsBONK.fun and Market Opportunities

The cryptocurrency market in 2025 is like a frenzied feast, and the Solana blockchain is undoubtedly the central stage of the Meme coin craze. Its total market capitalization has soared to $112.3 billion, with a daily trading volume stable at $3 billion. With a high throughput of thousands of transactions per second and transaction fees as low as a few cents, Solana has become the ideal fertile ground for Meme coins. Meme coins attract widespread attention from retail investors to speculators due to their close integration with internet meme culture and viral dissemination characteristics. However, the market's high volatility and token failure rates as high as 98.7% expose the industry's pain points: many Meme coin projects are fleeting, and investors frequently fall into the trap of "rug pulls" (developers pulling out funds and running away).

The traditional launch platform Pump.fun was once the dominant player in this field. Since its launch in January 2024, its innovative bonding curve mechanism (which increases prices with purchasing demand) has allowed anyone to easily create tokens, sparking a boom in Solana Meme coins. However, by mid-2025, the luster of Pump.fun gradually faded. According to Ainvest, its daily revenue plummeted from $7 million at the beginning of the year to $500,000, and its market share dropped from 98% to 37.7%. User dissatisfaction mainly focuses on three points:

High Fees: Pump.fun charges a 1% transaction fee and requires a fee of up to 6 SOL when the token is successfully listed on Raydium; this cost is too burdensome for small creators.

Lack of Transparency in Governance: The Pump.fun platform's fund allocation and decision-making processes lack public disclosure, making it difficult for the community to track, such as unclear income sources and destinations.

High Risk: According to a report by Solidus Labs, about 98.6% of the tokens on Pump.fun exhibit pull or fraud characteristics, leading to a significant decline in user trust. There are even criticisms on Platform X, calling it a "final scam," accusing its $4 billion PUMP token distribution of favoring early investors while neglecting the interests of ordinary users.

In such an environment, the market calls for a new launch platform centered on fairness and transparency. The BONK team is taking advantage of this trend: as a "people's token" initiated by the Solana community, BONK launched an airdrop at the end of 2022, distributing 50% of the tokens to Solana's NFT collectors, developers, and artists, quickly gathering over 430,000 X fans. On April 25, letsBONK.fun, based on the BONK ecosystem, officially went live, announcing a complete "revolution" in the creation and trading process of Meme coins through a no-code issuance and transparency mechanism. The platform has received support from eco-partners including Solana Labs co-founder Anatoly Yakovenko (Toly), Jupiter, MoonPay, etc., connecting fiat entry and cross-platform liquidity. By deeply integrating with Raydium and Jupiter, letsBONK.fun automatically creates liquidity pools on Raydium and uses Jupiter to achieve optimal routing across DEXs. This means that any user can create a new coin within minutes by simply connecting their wallet and filling in basic information such as token name, symbol, and supply, without needing programming experience.

letsBONK.fun has achieved remarkable results within just a few months since its launch. According to data from DefiLlama, as of July 18, letsBONK.fun's daily revenue has surpassed $1.5284 million, while Pump.fun only reached $574,200, with market shares of 55.96% and 37.7%, respectively. In terms of token issuance, letsBONK.fun is also far ahead: Dune Analytics shows that on July 7, letsBONK.fun issued 19,620 tokens within 24 hours, far exceeding Pump.fun's 9,249 tokens. The platform also attracted global developers by hosting the BCM Hackathon (offering $200,000 in prizes), promoting the emergence of innovative projects. These data and activities indicate that letsBONK.fun has gained market recognition through community-driven and transparent innovation and is quickly replacing Pump.fun as the new leader in Meme coin issuance on Solana.

Core Advantages of letsBONK.fun

The rise of letsBONK.fun is not a coincidence, but rather stems from its thoughtful mechanism design and precise understanding of user needs. The platform adheres to the core philosophy of "no code, fair launch," combining an intuitive interface with smart contract technology to significantly lower the barrier to entry for Meme coin issuance. Users simply need to visit the letsBONK.fun official website, connect their Solana wallet, fill in basic information such as token name, symbol, description, logo, and supply, choose a fixed supply or adopt a bonding curve model, and finally click the "Launch" button. The platform will automatically deploy the token contract and create a liquidity pool through Raydium's LaunchLab, while leveraging Jupiter's routing functionality for cross-DEX trading. This seamless process compresses the token issuance time to just a few minutes, requiring no programming knowledge, allowing both crypto newcomers and experienced developers to participate easily.

The income distribution model of letsBONK.fun is one of its core competitive advantages, enhancing community trust through a transparent distribution mechanism and supporting the long-term development of the Solana ecosystem. The platform allocates 1% of the transaction fees as follows:

According to official data, as of July 2025, letsBONK.fun has accumulated a revenue of 68,000 SOL, of which 34,000 SOL is used for BONK buybacks and burns, and 10,000 SOL is used for staking. This mechanism is publicly available to the community through a real-time dashboard, significantly enhancing user trust. CryptoManiaks reported that the platform's first week after launch saw BONK prices rise by over 50% through token burns. In contrast, Pump.fun's revenue distribution lacks transparency, and most of the funds are not returned to the community, leading to user attrition.

Compared to other platforms, letsBONK.fun demonstrates significant advantages in technical architecture and operational mechanisms. Although Pump.fun adopts a bonding curve mechanism that simplifies the token creation process, its graduation fee of up to 6 SOL and closed ecosystem severely limit the visibility and liquidity expansion of tokens on other decentralized exchanges (DEX). The "tweet-to-token" feature launched by the Believe platform is indeed topical, but due to the small community size, it struggles to achieve scale effects. Moonshot, while offering lower fees, lacks effective integration of liquidity, limiting project scalability. In contrast, letsBONK.fun relies on deep integration with Raydium and Jupiter, ensuring that every newly launched token can quickly go live and gain sufficient liquidity.

On April 26, 2025, Raydium set a record for issuing 4,000 tokens in a single day, driven by letsBONK.fun, with a trading volume reaching 25 million USD, showcasing its strong mobilization capabilities. The platform also launched a RAY token creator incentive mechanism in July 2025, rewarding 0.05% of the trading volume. Compared to the same proportion revenue-sharing scheme launched by Pump.fun in May, its distribution efficiency and on-chain transparency are higher, receiving more positive feedback. Additionally, the smart contract of letsBONK.fun has passed a rigorous audit and, combined with a mandatory liquidity locking mechanism, effectively curbs developer rug pull behavior, significantly improving the phenomenon where 98% of tokens on Pump.fun were marked as high risk. In the future, the platform will also introduce a voting mechanism for BONK holders to implement decentralized governance principles, further enhancing community participation and platform sustainability.

letsBONK.fun's low fees (1% uniform transaction fee), transparent dashboard, anti-fraud design, and strong community support (430,000 fans and endorsements from KOLs like @SolportTom) together constitute its competitive advantages. Compared to the high costs and opaque governance of Pump.fun, letsBONK.fun provides a more friendly environment for small creators, while its deep integration with the Solana ecosystem ensures high liquidity of the tokens. This user-oriented and eco-collaborative model not only allows letsBONK.fun to stand out in competition but also sets a new standard of fairness and transparency for the Meme coin launch industry.

The Ecological Development and Industry Impact of letsBONK.fun

Since letsBONK.fun went live, multiple high market cap Meme coin projects have emerged, showcasing the platform's incubation capability. Below are some representative projects:

Useless Coin (USELESS): Launched in May 2025, it uses self-deprecation as a gimmick with the tagline "completely useless" and has generated viral marketing through community-driven quirky promotions. According to CoinGecko data, as of July 19, its market cap reached $299 million, with a peak increase of 2,400% within weeks of its launch. Dune analysts describe its growth as "organic and genuine," reflecting a strong community-driven effect, and it has now become the largest project on the platform.

Hosico Cat (HOSICO): Launching in May 2025, it combines the Instagram cat IP with 1.8 million followers and AI art style, attracting significant community attention. According to data from multiple platforms, its market value is approximately $33.4–$34.7 million, with a 24-hour trading volume of $3.4–$4 million. Although its market value is not as high as USELESS, its cute positioning and dissemination path in the ACG (Anime, Comic, and Games) community are noteworthy. Some key opinion leaders in the art circle (like @ArtByLuna) have commented that it "has the momentum to become the next cat-themed coin."

Ani Grok Companion (ANI): Launched in June 2025, closely tied to the NFT and AI craze, the project team previously initiated a series of activities on platform X titled "Learn AI with Grok," significantly increasing community engagement, with a current market value of 30.51 million USD.

Bonk Level Saviour (SAVIOUR): Issued in May 2025, named after the BONK developers, with a market value of 31.33 million USD, reflecting community loyalty.

Kori (KORI): Issued in June 2025, based on Japanese and Korean pop culture IP, with a market value of 27 million USD, sought after by subculture enthusiasts.

The success of these projects is closely related to the no-threshold issuance and efficient liquidity support provided by letsBONK.fun. Data shows that letsBONK.fun's "graduation rate" (the proportion of tokens that complete initial fundraising and are listed on Raydium) is about 2.5%, significantly higher than Pump.fun's 1.3%. The deep integration with platform and ecosystem partners is key to its success: Raydium's LaunchLab automatically creates liquidity pools for new tokens, while Jupiter routing further expands trading coverage, reduces slippage, and attracts market-making bots. In fact, since late April 2025, the daily issuance of new coins on Raydium has repeatedly hit new highs, with the cumulative number of tokens issued by the platform growing exponentially. Meanwhile, letsBONK.fun has also partnered with payment channels like MoonPay to provide investors with convenient fiat recharge options and integrated with AlphaScan's Launchpad filtering system to enhance the visibility of quality projects.

letsBONK.fun's rapid rise has also attracted industry attention and followers. The public support from Anatoly Yakovenko, co-founder of Solana Labs, adds credibility to it. KOLs like @theunipcs (one of the largest holders of Useless Coin) and @SolportTom promoted it through social media, sparking a "LetsBonk" craze, which pushed the market value of letsBONK.fun from $100,000 to $30 million in just 6 hours. Dune analyst Adam Tech stated that 70% of the platform's token growth is "organic growth," reflecting real market demand. The community's 430,000 fans and Solana ecosystem's SBR program (which allocates 4% of platform revenue to fund developers) further enhance the vitality of the ecosystem. However, critics like @ferbsol argue that letsBONK.fun is a "copycat" of Pump.fun, but its excellent data performance and transparent mechanisms strongly refute this claim.

From an industry perspective, the model of letsBONK.fun has far-reaching impacts. Its transparent income distribution system—accumulating 34,000 SOL in burns and staking 10,000 SOL—sets a new benchmark for the industry, forcing other platforms to improve their governance structures. According to Ainvest (Solana news), the platform's activities have driven the price of BONK up by 22% within 24 hours, bringing significant liquidity and deflationary effects to the Solana ecosystem. Additionally, Pump.fun has been forced to lower some fees under pressure as of June 2025, but the success of letsBONK.fun is not easily replicated: it relies on years of cultural accumulation within the BONK community and a fan base of hundreds of thousands. In the future, letsBONK.fun plans to launch a public fee dashboard and community governance voting features to further enhance transparency and user engagement. Although market volatility and competitive pressures remain, letsBONK.fun has laid a solid foundation for the long-term prosperity of Solana Meme coin launches with its innovative mechanisms and ecosystem collaborations.

Source: CoinVoice Original