Author: 0xresearch
Recently, friends who issue coins on Solana have mentioned Pump.fun less and less, and instead talked about a new name - LetsBONK.fun.
Some people say that Pump.fun has abdicated and the new king is it.
What happened? Why are the choices of community users quietly changing?
We use simple language to tell you the story of this "platform transposition".
Pump.fun has been the most popular Meme coin issuance platform on Solana for more than a year.
It is easy to operate. With just a few steps, you can issue your own coins, which has attracted a large number of creators and speculators.
Ten thousand Meme projects were launched online in one day, making a lot of money.
But the problems were gradually exposed:
The platform collected a lot of money, with cumulative revenue exceeding $700 million in more than a year
The user return was very small. Data showed that less than 5% of users could earn more than $1,000
The platform does not support project growth, nor does it leave anything for the community or ecology
Finally, it announced that it would issue platform coins, with a valuation of up to $4 billion!
To sum up in one sentence: the platform makes a lot of money, but users become "running tools".
Picture: Pump.Fun related addresses once again sold 112,000 SOL, equivalent to 16.89 million US dollars
In April 2025, LetsBONK.fun, a coin issuance platform led by the Meme coin BONK community, was launched.
It was eye-catching as soon as it was launched:
On the first day of launch, 800,000 people participated and 2,700 tokens were issued
Trading volume exceeded 300 million US dollars within 24 hours
So far, 180,000+ tokens have been issued through the platform, far exceeding similar platforms
The biggest difference is that the platform does not harvest everyone, but gives income back to the ecosystem.
A true "co-construction platform": How is the income distributed?
Let's take a look at the on-chain distribution data on July 7, 2025 (total revenue 68,768 SOL):
The LetsBONK.fun platform will not only support the project launch, but also provide financial support.
Take $USELESS as an example:
The platform directly purchases $USELESS from the market, establishes a project treasury
and uses this asset to help it apply for listing on a primary exchange
According to statistics, this initiative has invested more than $600,000
Pump.fun made money from the community's enthusiasm, but left no resources for the project; while Bonk.fun used real money to push the project onto a bigger stage.
It can be said that LetsBONK.fun did what Pump.fun never did, and users are also voting with their feet.
A set of latest data explains everything:
As of July 2025:
LetsBONK.fun's token issuance is 15,600, officially exceeding Pump.fun's 11,500
LetsBONK's market share is 51%, and Pump.fun has retreated to 39.9%
The number of popular projects, active users, and daily transaction volume are all leading
These are not simply based on "hype", but a new generation of coin issuance samples combined with community, functions, and narratives.
Because it sends a signal:
You are not a leek, but a co-builder
Projects are not for cutting, but for growing
Participation is not "dreaming", but "doing things"
This is why so many people flock to this platform, not just to issue a coin, but also for a space where they can "play for a long time and do it deeply".
Russia is increasingly using cryptocurrencies like Bitcoin and Tether to conduct oil trade with China and India, bypassing Western sanctions. The use of intermediaries and offshore accounts has made crypto a key tool in these transactions, speeding up operations despite financial restrictions.
WeatherlyGemini set a Guinness World Record by using 1,000 drones to form the Bitcoin logo in the sky over Austin, Texas. The event celebrated Bitcoin's role in the US Strategic Bitcoin Reserve initiative and showcased the growing influence of cryptocurrency.
AnaisAmerican streamer Amouranth survived a violent home invasion in Houston, where armed intruders assaulted her and demanded her cryptocurrency keys. Four suspects, including two teenagers, were arrested, and the case highlights the rising danger of criminals targeting people with significant digital assets.
JoyJames Howells' request to search a landfill for a hard drive containing 8,000 Bitcoin was rejected by the UK Court of Appeal, marking a setback in his legal battle. He plans to appeal to the European Court of Human Rights, but the landfill is set to close soon, making the search more difficult.
WeatherlyThe Bank of Korea rejected the idea of holding Bitcoin in its foreign exchange reserves due to concerns about volatility and liquidity. Despite growing political interest in Bitcoin reserves, the central bank remains cautious and aligns with global trends of skepticism.
AnaisNorth Korea's Lazarus Group has become one of the largest Bitcoin holders, controlling 13,562 BTC, after stealing $1.46 billion in a crypto heist. This makes North Korea one of the top government holders of Bitcoin, raising concerns about their intentions and role in global cybercrime.
AnaisMarla Maples has joined others in calling for the dismissal of charges against Bitcoin advocate Roger Ver, who faces accusations of tax evasion and fraud. Ver's legal battle has gained support from figures like Elon Musk, Vitalik Buterin, and political figures, highlighting concerns over crypto regulation.
WeatherlyElon Musk's xAI acquired Hotshot, a startup known for its advanced AI video models, to compete in the AI-driven video creation space. Hotshot’s technology will be integrated into xAI’s Colossus cluster, and the company has halted new video creation as of March 2025.
WeatherlySpanish authorities dismantled a major crypto pyramid scam that defrauded over 3,600 victims out of an estimated 32.6 million euros through a fake online investment platform. Eight suspects were arrested, and the scam affected victims in 36 countries, leading to asset seizures and frozen bank accounts.
JoyThailand is investing in AI to improve fraud detection and financial crime prevention across industries, with a focus on secure digital transactions. The country is also using AI to automate compliance tasks and strengthen governance in fraud detection systems.
Anais
