BONK’s Acquisition of SOL Aims to Offset Pump.Fun’s $741M Sell-off – Can LetsBONK Initiate a 70% Increase?

The BONK-driven memecoin launchpad, LetsBONK, continues to showcase its value proposition for both Solana and the wider BONK ecosystem through its dedication to accumulating SOL from growing revenue sources.

In the last two months, the Bonk Inu Foundation has strategically acquired and burned BONK tokens utilizing 34.5K SOL (worth $5.5M), in addition to another 10.3K SOL ($1.6M) in bonkSOL purchases.

This strategy sharply contrasts with competitor PumpFun’s method of consistently extracting liquidity from Solana’s trading environment, having sold over 4.1 million SOL ($741M) since its inception 13 months ago.

LetsBONK’s Revenue Dominance Influences Market Sentiment Toward BONK Ecosystem

The differing strategies have led many memecoin traders, often referred to as “degens,” to anticipate that BONK ecosystem tokens will surpass PumpFun launches in performance.

This sentiment has heightened expectations that BONK could achieve new price levels if LetsBONK continues its commitment to the 50% buyback initiative.

Market data seems to support this view, with BONK rising over 50% in the past week despite a general market slowdown.

$BONK (@bonk_inu) has recorded the largest 7-day gain among the top 200 cryptocurrencies by market capitalization! pic.twitter.com/lhKm6d5hzO

— The Solana Post (@thesolanapost) July 7, 2025

This surge has allowed BONK to reclaim its status as Solana’s leading memecoin by market cap, exceeding $1.76 billion and nearing its peak price of $0.0000220 in 2025.

Source: CoinMarketCap

BONK has also established itself as a mainstream memecoin, now ranking as the fourth-largest globally, surpassing tokens such as TRUMP, SPX, FARTCOIN, and PENGU.

The intensifying competition between LetsBONK and PumpFun has led many market analysts to believe that the advantages of BONK are far from depleted.

Recent statistics indicate that LetsBONK has outperformed PumpFun in daily revenue, generating over $1.04 million compared to PumpFun’s $533,412 in the last 24 hours.

Source: DefilLama

This performance has enabled the BONK launchpad to capture 54.7% of the market share among memecoin launchpads, while PumpFun retains only 35.2%.

The trend indicates that traders are increasingly favoring LetsBONK, viewing it as offering fewer player-versus-player (PvP) dynamics that have characterized many PumpFun launches.

$BONK Memecoin Launchpad has surpassed Pumpdotfun Launchpad.
Currently, @Bonk_fun holds 54.7% market share among meme launchpads, while @Pumpdotfun has only 35.2%.
The #USELESS token was created on Bonk fun 45 days ago, and it has increased by more than 5,700% in the last 30… pic.twitter.com/ANptpHdCPy

— Crypto Aman (@cryptoamanclub) July 7, 2025

A notable example is the USELESS token, launched on LetsBONK around six weeks ago, which has appreciated over 5,700% in the past month, with most holders remaining in profitable positions.

PumpFun’s Increasing TGE Speculations and Market Implications

As LetsBONK experiences heightened daily token minting activity, numerous analysts suggest that a dedicated Solana memecoin rally is gaining traction, with BONK positioned like “an underwater beachball waiting to explode.”

The ongoing speculation regarding PumpFun’s potential public offering through a $PUMP token launch, initially perceived as negative for Solana and its ecosystem, is now being reinterpreted as a positive catalyst in light of LetsBONK’s rise.

Reports indicate that PumpFun has secured $1 billion at a $4 billion valuation. Messari notes that over-the-counter markets are valuing the PUMP token between $7 billion and $8 billion following the Token Generation Event (TGE), with some trading desks estimating valuations as high as $10 billion.

1) A Valuation of $PUMP
Key takeaways from my latest Messari report
I built a model for $PUMP which places the token at a $7B FDV. But there’s one big caveat.
Here’s how we did it : pic.twitter.com/92FiSrCXUQ

— MONK (@defi_monk) June 13, 2025

Notable memecoin influencer “Bonk Guy” suggests that LetsBONK’s revenue and mindshare superiority over PumpFun, occurring in close proximity to the latter’s TGE, could mitigate the extractive effects of the PUMP token and avert a significant liquidity drain from the memecoin ecosystem.

He asserts that BONK seems considerably undervalued at its current market capitalization of $1.8 billion.

SOME THOUGHTS ON $PUMP TGE AND WHAT IT MEANS FOR $BONK AND BONKFUN ECO
I’ve had several people ask for my thoughts on the Pumpfun TGE and launch of their $PUMP token
Since this is currently the most anticipated TGE event in a very long time, and many are starting to make… pic.twitter.com/vQsBqkG8cY

— Unipcs (aka ‘Bonk Guy’) (@theunipcs) July 7, 2025

“From an objective investment standpoint, I believe there’s greater ROI potential in acquiring BONK at $1.8 billion compared to purchasing PUMP at $4 billion or more in the current market landscape,” he stated.

Ascending Channel Confirms: BONK Eyes $0.00002600 Target

The BONK/USDT daily chart reveals a bullish pattern forming within an ascending channel, with the price currently testing a crucial breakout level near $0.00002192.

After bouncing off lower trendline support, BONK has breached horizontal resistance around $0.00001900, confirming buyer strength and upward momentum.

Source: TradingView

Technical analysis indicates two possible scenarios: if the price remains above the breakout level, the next upward movement could target the upper channel resistance near $0.00002500–$0.00002600, aligning with volume gaps and historical supply zones.

Conversely, if BONK fails to hold above the breakout point, a retest of the $0.00001700–$0.00001900 support range may occur, although this would still maintain the overall ascending structure.

The positive volume indicators and Chaikin Money Flow (CMF) at 0.15 support a bullish outlook, suggesting that capital inflows are propelling the movement.

The post BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump? appeared first on Cryptonews.