After being overtaken by letsBONK.fun for a few weeks, the memecoin launch platform Pump.fun is back in the spotlight. Here are the key statistics.
Pump.fun overtakes letsBONK.fun again
Last month, the memecoin launch platform letsBONK.fun surpassed its competitor Pump.fun in terms of volume and revenue. After managing to keep pace for a month, the underdog finally relinquished its position, and at the time of writing, Pump.fun has regained its leading role on a daily, weekly and monthly basis:
According to data from aggregator Jupiter, Pump.fun has a 49.3% market share over 30 days, compared to 37.6% for letsBONK.fun. Over 7 days, this figure rises to 73.6% compared to 14.5%, and then to 80.2% compared to 10.8% on a daily basis.
The picture is similar when it comes to daily revenue. At the time of writing, Pump.fun managed to rake in $1.85 million on Monday, after reaching a summer high of $2.59 million on August 13. While these figures remain well below the all-time high (ATH) of $7.07 million on January 23, they still mark a sharp rebound from the annual low of less than $204,000 on August 3:
By comparison, letsBONK.fun managed to generate up to $1.21 million in fees during its ATH on July 22, but those same revenues have now fallen to just over $10,000 on Monday.
On X, trader WazzCrypto explained last week that this turning point was part of a trend in which the biggest memecoin creators were switching from one platform to another:
The top 10 launchers on BonkFun (mostly bots) have just started deploying en masse on Pumpfun again, and market share has grown another 90% overnight.
As for the price of the PUMP token itself, performance remains disappointing at present. The asset is currently down around 28% from its Initial Coin Offering (ICO) price and has fallen more than 58% since its ATH on July 15:
While the Pump.fun platform seems to be back on track, it will be interesting to see if this is a sign of a revival in the memecoin sector or just a temporary blip.
