LetsBONK.fun Explained: The Solana Memecoin Launchpad Challenging Pump.fun
- rachelbeautybar
- Aug 20
- 4 min read
LetsBONK.fun is a memecoin launchpad built on the Solana blockchain, launched on April 25, 2025. Despite entering late into the game dominated by Pump.fun, it quickly emerged as a serious challenger by generating higher revenue, launching more tokens daily, and integrating unique community-driven mechanics.
The platform allows anyone to create and trade a memecoin within seconds, without coding skills. Its direct integration with Raydium DEX ensures instant liquidity for newly launched tokens.
According to DeFiLlama (Updated July 8, 2025), LetsBONK generated $1.16M in revenue over the past 24 hours, more than double Pump.fun’s $471K during the same period. This marks a turning point in the memecoin scene on Solana.
Key Advantages of LetsBONK
Faster memecoin creation: Just a few clicks, no coding required.
Raydium integration: Automatic liquidity pools on Solana’s largest DEX.
Real-time trading data: New token launches and trades are visible instantly.
Buy-back & burn BONK mechanism: A portion of platform fees is used to buy back and burn BONK token, aligning LetsBONK with one of Solana’s largest meme communities.
Transparency: Users can monitor liquidity, supply, and contracts via on-chain tools.
Advanced filters (in development): Features like “prepare to migrate” and “instant buy” help users catch early opportunities.
Buy-back and Burn Mechanism for BONK
LetsBONK.fun commits to using a portion of the fees collected from token creation and trading to buy back and burn BONK. This mechanism not only reduces the circulating supply but also directly aligns the platform’s growth with the interests of BONK holders — something rarely seen in other memecoin projects.
Impact on the BONK Ecosystem
LetsBONK is deeply tied to BONK, Solana’s first dog-themed memecoin. Unlike other launchpads, LetsBONK reinvests part of its revenue into buying and burning BONK tokens.
This strategy not only reduces BONK’s circulating supply but also strengthens community alignment, boosting BONK’s relevance as Solana’s flagship memecoin.
As of July 9, 2025, BONK’s price surged 61% in a single week, coinciding with LetsBONK surpassing Pump.fun in both revenue and token launches (Source: CoinMarketCap, Updated July 2025).
LetsBONK vs Pump.fun and Other Launchpads
Daily Performance (July 9, 2025 – Source: Dune Analytics)
Platform | Tokens Created | Graduated Tokens | Graduate Rate | Active Addresses (7D avg) | 24h Revenue (USD) |
21,940 | 201 | 0.92% | 73,396 | 1,167,000 | |
8,601 | 67 | 0.78% | 108,079 | 471,000 | |
Launchlab | 491 | 15 | 3.05% | 43,294 | 1,220,000 |
Believe | 118 | 0 | 0% | 84 | N/A |
Jup Studio | 1,214 | 0 | 0% | N/A | N/A |
Moonshot | 1,065 | 4 | 0.38% | 528 | N/A |
Takeaways:
LetsBONK leads in token creation and revenue, outperforming Pump.fun.
Pump.fun still has higher wallet activity, showing stronger community usage.
Launchlab has fewer launches but the best graduate rate (3.05%) — meaning a higher percentage of tokens sustain beyond early trading.
The memecoin market is becoming multi-polar, with multiple platforms competing for attention.
The Challenges of LetsBONK
Despite its explosive growth, LetsBONK is not without risks:
1. Low Graduate Rate
Out of 21,940 tokens, only 201 graduated (0.92%). This reflects the extreme volatility of memecoins, where most tokens die within hours or days.
2. Jeets and Cabals
Jeets: Traders who sell early for small gains (e.g., 1.5x–2x profit), killing momentum.
Cabal: Whales or groups manipulating liquidity and price movement.
Both behaviors are common on memecoin launchpads and contribute to instability.
3. Liquidity Risks
Since liquidity is user-provided, many tokens are launched with fake liquidity that gets pulled (“rugged”) quickly, leaving buyers stuck with worthless tokens.
4. General Memecoin Risks
Memecoins are highly speculative. Only ~1% of launched tokens survive, while the majority vanish with little to no trading volume.
How to Use LetsBONK
Step 1: Visit LetsBONK.fun
Step 2: Connect a Solana wallet (Phantom, Solflare, Trust Wallet, etc.)
Step 3: Click “Launch Token”
Step 4: Enter details (name, ticker, supply, description)
Step 5: Add SOL liquidity → Click “Create Token”
Your memecoin is instantly tradable on Raydium.
Where to Buy LETSBONK?
CEX: MEXC, BitMart, LBank, Ourbit
DEX: Raydium, Orca, Meteora
FAQs About LetsBONK.fun
Which bots work best with LetsBONK? Popular Solana trading bots like BONKbot, Maestro, and Sol Trading Bot support trading on LetsBONK.
Which memecoins are trending on LetsBONK? Some notable launches include USELESS, HOSICO, and IKUN.
What are the fees? LetsBONK charges 1% swap fee per trade, plus minimal Solana network fees.
How is BONK related to LetsBONK? Platform fees are partly used to buy back and burn BONK, directly benefiting BONK holders.
Other launchpads to watch? Besides LetsBONK and Pump.fun, competitors include Launchlab, Believe, Jup Studio, and Moonshot.
Conclusion
In just a few months, LetsBONK.fun has overtaken Pump.fun in both revenue and token launches, establishing itself as a major player in Solana’s memecoin economy. With its buy-back and burn BONK model, LetsBONK not only grows its own ecosystem but also strengthens the broader BONK community.
However, the memecoin world remains extremely risky — with less than 1% of tokens surviving beyond launch. While LetsBONK offers exciting opportunities, it’s essential to approach it with caution, proper risk management, and realistic expectations.
👉 Register via the links below to get up to 70% fee cashback: - Binance: https://www.binance.com/vi/join?ref=12801298
- Bitget: https://partner.bitget.com.vn/bg/9WAB04
Comments