Bonk.fun Takes the Lead in Solana Meme Token Frenzy – Demand for BONK Soars

Over the weekend, Bonk.fun overtook Pump.fun to become the leading launchpad in the Solana meme token ecosystem, capturing over 55% of the market share. This surge is fueling intense demand for the BONK token at the center of its ecosystem.

🔹 Market Dominance:

Bonk.fun has now facilitated 175,000 token launches totaling over $540 million, generating more than $34 million in fees. This gives it an impressive 55.2% market share in meme launchpads, compared to Pump.fun's 34.9% and $341 million in volume.

🔹 Victory in Just 2 Months:

While Pump.fun had ruled the space since January 2024 and accumulated over $800 million in fees over two years, Bonk.fun claimed the top spot in just two months, driven by stronger incentives, rapid expansion, and a BONK buyback plan that attracted early adopters.

💰 BONK Token Benefits from Fee Model A key factor in Bonk.fun’s success is its unique fee redistribution system: 🔹 50% of fees go to buying and burning BONK

🔹 8% is used to buy BONK for reserves

🔹 The remaining portion is retained by the platform as revenue Since surpassing Pump.fun, Bonk.fun has been generating over $1 million per day, meaning at least $500,000 daily is directed to buying and burning BONK, significantly tightening supply and driving up price pressure.

🌀 USELESS – A Token That Does Nothing, Yet Earns Millions One of the standout tokens launched via Bonk.fun is the ironically named USELESS – a token that openly admits to having no utility. Despite this (or perhaps because of it), it has built a cult following, reaching a market cap of over $100 million in just weeks.

📉 Rivals Left in the Dust While Bonk.fun and Pump.fun lead the charge, other Solana-based platforms are trailing far behind: 🔹 Believe – 3.8%

🔹 Jup Studio – 2.1%

🔹 Moonshot – 1.7%

If Bonk.fun maintains its current pace, annual BONK purchases could reach hundreds of millions of dollars, further reducing supply and increasing scarcity.

#Bonk , #memecoin , #solana , #CryptoMarket , #CryptoNews

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“