Recently, friends who are issuing tokens on Solana have been mentioning less about Pump.fun and instead talking about a new name—LetsBONK.fun.

Some say that Pump.fun has stepped down, and the new king is here.

What exactly happened? Why is the choice of community users quietly changing?

We will tell you the story of this "platform transition" in simple terms.

Pump.fun: From Former Dominance to Being Deep in Controversy

For more than a year, Pump.fun was the hottest meme token issuance platform on Solana.

It was easy to operate; with just a few steps, anyone could issue tokens, attracting a large wave of creators and speculators.

At one point, thousands of meme projects could go live in a single day, making a fortune.

But problems gradually surfaced:

• The platform made a lot of money, accumulating over $700 million in revenue in just over a year.

• User returns were very low; data showed that less than 5% of users could earn over $1,000.

• The platform did not support project growth and left little for the community or ecosystem.

• Finally, it announced plans to issue a platform token, with a valuation of up to $4 billion!

In summary: The platform earned a lot, but users became "tools for running alongside."

Image: Pump.Fun-related addresses sold off 112,000 SOL again, worth about $16.89 million.

LetsBONK.fun: Not Here to Exploit, but to "Co-Build"

In April 2025, the token issuance platform LetsBONK.fun, led by the meme coin BONK community, went live.

From the start, it was impressive:

• On the first day, 800,000 people participated, and 2,700 tokens were released.

• Trading volume exceeded $300 million within 24 hours.

• As of now, over 180,000 tokens have been issued through the platform, far surpassing similar platforms.

The biggest difference is: the platform does not exploit everyone but returns revenue to the ecosystem.

A true "co-building platform": How is revenue distributed?

Let's look at the on-chain distribution data from July 7, 2025 (total revenue 68,768 SOL):

The Mutual Success of the Platform and Meme

The LetsBONK.fun platform not only supports project launches but also genuinely invests money to help.

Take $USELESS as an example:

• The platform directly purchased $USELESS from the market to establish a project treasury.

• It used this asset to help the project apply for listing on a top-tier exchange.

• According to statistics, this initiative has invested over $600,000.

In the meme world, such support is almost unprecedented.

Pump.fun profited from the community's enthusiasm but left no resources for the projects; whereas LetsBONK.fun uses real money to elevate projects to a larger stage.

It can be said that LetsBONK.fun has done what Pump.fun never did, and users are voting with their feet.

A set of the latest data:

As of July 2025:

• The token issuance volume of LetsBONK.fun reached 15,600, officially surpassing Pump.fun's 11,500.

• LetsBONK's market share is 51%, while Pump.fun has dropped to 39.9%.

• The number of popular projects, active users, and daily trading volume are all leading.

These are not merely based on "hype," but are new-generation token issuance examples that combine community, functionality, and narrative.

So, why did users choose LetsBONK.fun?

Because it conveys a signal:

• Users are not just victims; they are co-builders.

• Projects are not meant to be exploited; they are meant to grow.

• Participation is not about "dreaming," but about "doing."

This is also why so many people flock to this platform—not just to issue a token, but for a space where they can "play for a long time and engage deeply."

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