Pump.fun Crushes Rival In Memecoin Comeback

Key Takeaways

• Pump.fun controls 93.7% of the meme token launch market on Solana.

• Bot migration and a $500M buyback fueled its resurgence.

• Letsbonk.fun is fighting back with a rewards system and BONK buybacks.

• The battle for meme coin dominance is far from over, but for now, Pump.fun reigns supreme.

Pump.fun Surges To 93.7% Market Share

According to Dune Analytics data from August 18th, 2025, Pump.fun now accounts for 93.7% of daily memecoin listings that successfully reach trading on decentralized exchanges (DEXs).

Source: Dune Analytics

In contrast, Letsbonk.fun has plummeted to just 3.2%, a dramatic reversal that shocked even seasoned on-chain analysts.

What Caused The Comeback?

Follow The Bots

A big part of Pump.fun’s resurgence is due to automated meme coin creation bots. Top wallet addresses, mostly controlled by bots, have migrated from Letsbonk.fun back to Pump.fun.

These wallets are known for creating tokens every few minutes and often play a pivotal role in shaping launchpad metrics.

The $500 Million Token Buyback

In July 2025, Pump.fun completed a $500 million sale of PUMP tokens, immediately followed by a multi-million dollar buyback program. This aggressive move not only boosted community sentiment but may also be part of a broader revenue-sharing or incentive plan rumored to be in the works.

Coinbase’s Director of Product Strategy, Conor Grogan, previously noted that top launchpads are increasingly bot-driven and that the competitive edge often comes down to who can offer more lucrative incentives to these automated users.

Letsbonk’s Response: Rewards & Revenue Pledges

Despite losing ground, Letsbonk.fun isn’t backing down. The platform recently introduced a new “Points” tab on its dashboard, hinting at a future user rewards program aimed at bringing back creators and liquidity.

BONK Token Buyback Plan

In addition, Letsbonk.fun developers announced that 1% of platform revenue will be used to buy back BONK ecosystem tokens, further aligning with their native community and attempting to boost token utility.

Interestingly, Safety Shot recently announced a new collaboration with BONK.

Source: Safety Shot

Earlier this August, Letsbonk.fun still led in the number of “graduate tokens”, those that reached successful DEX trading. However, Pump.fun’s monthly revenue hit record lows, creating a perception that Letsbonk was pulling ahead.

That narrative has since flipped.

What’s Next For Pump.fun?

With nearly complete control of the Solana memecoin market, Pump.fun’s next steps will be critical. Speculation is mounting around:

• Possible token staking or revenue-sharing features

• Expanded launchpad services beyond memecoins

• Strategic integrations with Solana-based DEXs or wallets

What’s clear is that Pump.fun has not only weathered the storm, it’s now steering the ship.

FAQ

What is Pump.fun?

Pump.fun is a Solana-based meme token launchpad that allows users to quickly create and list tokens with minimal friction.

Why did Pump.fun lose market share temporarily?

Pump.fun was briefly overtaken by Letsbonk.fun due to aggressive user incentives and bot migration, but quickly regained dominance through token buybacks and strategic moves.

Are bots a problem on these platforms?

Not necessarily. Bots are responsible for a large portion of meme coin creation and liquidity. They drive volume and activity, although they can distort “organic” usage data.

What are “graduate tokens”?

Graduate tokens are meme coins that successfully launch and reach trading status on decentralized exchanges.