BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?
The BONK-powered memecoin launchpad, LetsBONK, continues to demonstrate its value proposition for both Solana and the broader BONK ecosystem through its commitment to SOL accumulation from increasing revenue streams.
Over the past two months, the Bonk Inu Foundation has strategically purchased and burned BONK tokens using 34.5K SOL (valued at $5.5M), alongside an additional 10.3K SOL ($1.6M) in bonkSOL acquisitions.
This approach stands in stark contrast to competitor PumpFun’s strategy of continuously extracting liquidity from Solana’s trading ecosystem, having sold over 4.1 million SOL ($741M) since its launch 13 months ago.
LetsBONK’s Revenue Dominance See Market Sentiment Shifts Toward BONK Ecosystem
The contrasting approaches have led many memecoin traders, commonly referred to as “degens,” to believe that BONK ecosystem tokens will outperform PumpFun launches.
This sentiment has intensified expectations that BONK could reach new price heights if LetsBONK maintains its commitment to the 50% buyback program.
Market data appears to validate this perspective, with BONK surging over 50% in the past seven days despite broader market sluggishness.
— The Solana Post (@thesolanapost) July 7, 2025
$BONK (@bonk_inu) records the largest 7-day gain among the top 200 cryptocurrencies by market cap! pic.twitter.com/lhKm6d5hzO
This rally has enabled BONK to reclaim its position as Solana’s largest memecoin by market capitalization, reaching over $1.76 billion and approaching its 2025 peak price of $0.0000220.
BONK has also secured its status as a mainstream memecoin, now ranking as the fourth-largest globally, surpassing tokens like TRUMP, SPX, FARTCOIN, and PENGU.
The growing rivalry between LetsBONK and PumpFun has intensified, with many market observers believing BONK’s benefits are far from exhausted.
Recent data shows that LetsBONK outperformed PumpFun in daily revenue, generating over $1.04 million compared to PumpFun’s $533,412 in the last 24-hour period.
This performance has resulted in the BONK launchpad capturing 54.7% market share among memecoin launchpads, while PumpFun holds only 35.2%.
The trend suggests that traders are increasingly gravitating toward LetsBONK, perceiving it as offering less of the player-versus-player (PvP) dynamics that have characterized many PumpFun launches.
$BONK Memecoin Launchpad has surpassed Pumpdotfun Launchpad.
— Crypto Aman (@cryptoamanclub) July 7, 2025
Currently, @Bonk_fun holds 54.7% market share among meme launchpads, while @Pumpdotfun has only 35.2%.
The #USELESS token was created on Bonk fun 45 days ago, and it has increased by more than 5,700% in the last 30… pic.twitter.com/ANptpHdCPy
A prime example is the USELESS token, created on LetsBONK approximately six weeks ago, which has appreciated over 5,700% in the last 30 days, with most holders maintaining profitable positions.
PumpFun’s Growing TGE Speculations and Market Implications
With LetsBONK experiencing increased daily token minting activity, many analysts believe a dedicated Solana memecoin rally is building momentum, with BONK positioned like “an underwater beachball waiting to explode.”
The ongoing speculation about PumpFun’s potential public offering through a $PUMP token launch, initially viewed as bearish for Solana and its ecosystem, is now being reframed as a bullish catalyst given LetsBONK’s ascendancy.
Reports indicate that PumpFun has raised $1 billion at a $4 billion valuation. Messari highlights that over-the-counter markets are valuing the PUMP token between $7 billion and $8 billion post-Token Generation Event (TGE), with some trading desks projecting valuations as high as $10 billion.
1) A Valuation of $PUMP
— MONK (@defi_monk) June 13, 2025
Key takeaways from my latest Messari report
I built a model for $PUMP which places the token at a $7B FDV. But there's one big caveat.
Here's how we did it: pic.twitter.com/92FiSrCXUQ
Prominent memecoin key opinion leader “Bonk Guy” suggests that LetsBONK’s revenue and mindshare dominance over PumpFun, occurring so close to the latter’s TGE, could moderate the extractive impact of the PUMP token and prevent a significant liquidity drain from the memecoin ecosystem.
He argues that BONK appears significantly undervalued at its current market capitalization of $1.8 billion.
SOME THOUGHTS ON $PUMP TGE AND WHAT IT MEANS FOR $BONK AND BONKFUN ECO
— Unipcs (aka 'Bonk Guy')
i've had several people ask for my thoughts on the Pumpfun TGE and launch of their $PUMP token
since this is currently the most anticipated TGE event in a very long time, and many are starting to make… pic.twitter.com/vQsBqkG8cY(@theunipcs) July 7, 2025
“From an objective investment perspective, I believe there’s greater ROI potential in purchasing BONK at $1.8 billion compared to buying PUMP at $4 billion or higher in the current market environment,” he stated.
Ascending Channel Confirms: BONK Eyes $0.00002600 Target
The BONK/USDT daily chart reveals a bullish formation developing within an ascending channel, with price currently testing a critical breakout level near $0.00002192.
Following a rebound from lower trendline support, BONK has penetrated horizontal resistance around $0.00001900, confirming buyer strength and upward momentum.
Technical analysis suggests two potential scenarios: if price maintains above the breakout level, the next upward movement could target the upper channel resistance near $0.00002500–$0.00002600, aligning with volume gaps and historical supply zones.
Conversely, if BONK fails to sustain above the breakout point, a retest of the $0.00001700–$0.00001900 support range could occur, though this would still preserve the overall ascending structure.
The positive volume indicators and Chaikin Money Flow (CMF) at 0.15 support a bullish outlook, indicating that capital inflows are driving the movement.
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