On July 6, the "Hundred Groups Battle" on the Solana chain's Launchpad finally reached a phase of victory and defeat. On-chain data shows that LetsBonk.fun has overtaken Pump.fun in market share, trading volume, and the number of tokens issued, establishing a new platform landscape.
However, the news of Pump.fun's token issuance quickly triggered market risk aversion, leading to a brief outflow of funds from the Bonk ecosystem, causing the leading platform token $USELESS to plummet by over 30%. Nevertheless, market sentiment quickly recovered, and the next day $USELESS rebounded strongly by over 50%, with a market capitalization surpassing $300 million, setting a new phase high, reflecting the community's strong consensus on its narrative and continued confidence in the Bonk ecosystem.
What Magic Does $USELESS Have
"If you missed $PEPE and $FARTCOIN, then you better take a serious look at $USELESS this time." This is a target that Bonk Guy has repeatedly recommended and heavily invested in. Its narrative is built around the phrase "Crypto is useless," a mockery from mainstream elites like Bill Gates and Jamie Dimon, creating a self-deprecating, useless, yet highly viral meme narrative system.
This is a token that requires no disguise: it does not claim to be Layer1, AI, or RWA, but directly tells all traders that the token is useless; the more it rises, the "more useless" it becomes, and the "more useless" it is, the more it rises. When news media headlines state, "$USELESS market cap surpasses $100 million," it ironically becomes the strongest advertisement.
Related article: From Silence to Breaking Out, What Quality Targets Are on Letsbonk.fun?
Bonk Guy's achievements also confirm this point: the $USELESS position built with $600,000 has now achieved a return rate of nearly 14 times, amounting to $8.1 million.
The Resilience of Bonk: From Mechanism Design to Founder's Backing
After the news of Pump.fun's token issuance triggered short-term selling pressure, the Bonk ecosystem did not collapse but instead demonstrated strong resilience. In addition to $USELESS, other ecosystem tokens also experienced strong recoveries—$KORI surged 87% in 24 hours, reaching a new high; $IKUN rebounded 23%; $CRYBB rebounded 32%.
Bonk's ability to quickly alleviate market risk aversion is not only due to its advantageous mechanism design but also relies on the founder's sincerity and long-termism.
This rapid recovery is closely related to the operational logic of the platform itself. The biggest difference between LetsBonk.fun and Pump.fun lies in their value distribution methods: Pump.fun tends to cash out with high transaction fees, with most SOL profits going directly to the project party; whereas LetsBonk.fun allocates 50% of platform transaction fees for repurchasing and burning $BONK, with another 8% entering strategic reserves and community incentive programs, forming a positive value closed loop.
More importantly, Bonk Guy has backed the entire ecosystem with real money. He has invested millions of dollars in buying $USELESS, $IKUN, and other ecosystem tokens, and even when they significantly retraced by 80%, he remained steadfast in holding them. Now, with millions of dollars in paper profits, he has not cashed out. In the fiercely competitive and short-term sentiment-driven environment of Solana, this rare long-termism has greatly boosted community confidence and earned true trust dividends for the Bonk ecosystem.
Related article: Comprehensively Suppressing Pump.fun, What Has LetsBonk Done Recently?
Conclusion
Pump.fun plans to issue tokens with a valuation of $4 billion, while Bonk's current market capitalization is only about $1.7 billion. The market generally believes that Bonk is undervalued, while Pump is frequently questioned due to mechanism controversies, with sentiment clearly leaning towards the former.
However, the final outcome still needs to wait for the market performance after Pump's token issuance. Whether the valuation is reasonable and whether the story holds true will depend on the genuine willingness of capital and users to buy in. The victory or defeat is still yet to be revealed.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
