- Pump.fun regained 67% market share of Solana meme coin launches, overtaking LetsBonk after a month-long slump.
- Daily revenue rebounded from $169K to over $1M, aided by the new Glass Full Foundation liquidity program.
- Meme coin ecosystem remains competitive, with Bags overtaking LetsBonk for second place and Zora’s token rallying 40%.
Pump.fun’s token jumped 20% in the last 24 hours to around $0.0036 as the Solana-based meme coin launchpad reclaimed market share from rival LetsBonk. While still down 46% from its post-debut high of $0.006812, the platform has seen a strong rebound after losing momentum to competitors last month.
For over a year, Pump.fun was the go-to hub for launching meme coins on Solana, but LetsBonk surged ahead in July, commanding 74% of daily launches. That shifted again on Sunday, with Pump.fun accounting for 67% of the 27,500 coins launched that day. Daily revenue, which had dropped to $169,000, has now soared back above $1 million.
Glass Full Foundation and Competitive Shifts
The turnaround began before last week’s unveiling of the Glass Full Foundation — an initiative to provide liquidity to popular meme coins and their most dedicated communities. The move drew positive attention but wasn’t the initial catalyst for Pump.fun’s resurgence.
In the broader competition, Bags overtook LetsBonk as the second-largest Solana meme coin launchpad, leaving Pump.fun, Bags, and LetsBonk with $134 million, $38 million, and $12 million in Sunday trading volume, respectively.
Ripple Effects Across the Meme Coin Ecosystem
BONK, LetsBonk’s flagship meme coin, dipped 3.2% on Monday but still holds a 10% monthly gain. Meanwhile, attention has also flowed toward other creator-focused platforms like Zora, whose token surged nearly 40% to $0.135 on Monday as interest in social token and content-creation ecosystems grows.
