Solana has become the epicenter of the memecoin revolution, hosting millions of tokens and billions in trading activity. As of July 2025, over 3 million memecoins have been launched on Solana, with the sector’s combined market cap nearing $11 billion, according to CoinGecko. Two platforms dominate this frenzy: Pump.fun, the original viral launchpad that changed how memes are tokenized, and LetsBONK.fun, a fast-rising challenger shaking up the leaderboard.
Number of Solana memecoins created with launchpads | Source: Dune Analytics
Pump.fun made headlines in 2024 by letting anyone create a token for as little as 0.02 SOL, no coding required. It fueled Solana’s memecoin boom, processing over 2.6 million daily transactions and peaking at $164 million in daily volume. But in 2025, LetsBONK.fun entered the scene. Within three months of its April launch, it overtook Pump.fun in daily revenue and token launches, reporting $1.04 million in 24-hour fees compared to Pump.fun’s $533,000.
This battle between the old guard and the newcomer is redefining Solana’s memecoin ecosystem. But which launchpad is right for you?
Discover the key differences between LetsBONK.fun and Pump.fun, Solana’s top memecoin launchpads. Learn their features, fees, top tokens, and which platform suits you best in 2025.
What Is a Memecoin Launchpad and How Does It Work?
A memecoin launchpad makes it easy for anyone to create and trade tokens without coding or deploying smart contracts.
Before platforms like LetsBONK.fun and Pump.fun, launching a memecoin meant hiring developers to write smart contracts, setting up liquidity pools manually, and paying high fees to list on decentralized exchanges. This process took weeks and required deep technical knowledge.
On Solana, modern launchpads simplify everything. They use bonding curves to set token prices dynamically; prices rise as more users buy in. Once tokens hit certain liquidity milestones, they “graduate” and get listed on major Solana DEXs like Raydium or Jupiter.
You don’t need upfront capital to launch a token. Instead, a small fee, usually 1% per trade, supports platform development and ecosystem rewards. For traders, these launchpads offer quick access to thousands of new meme tokens. But they also come with risks, like bot activity, thin liquidity, and scam projects.
What Is LetsBONK.fun?
Memecoin launched via LetsBONK.fun | Source: Dune Analytics
LetsBONK.fun is a community-driven memecoin launchpad built on Solana. Launched on April 25, 2025, it was designed to make creating and trading memecoins as simple as possible. In just three months, it has emerged as one of Solana’s busiest platforms, with over 235,000 tokens launched and 2,795 projects graduating to major DEXs like Raydium. On peak days, LetsBONK processes more than 22,000 token launches and has already amassed a total market cap exceeding $515 million across its ecosystem.
The platform also introduced LetsBONK (LETSBONK), its native utility token. LETSBONK gives holders governance rights and shares in the platform’s growth through its fee-sharing model. About 30% of all platform fees are used to buy back and burn BONK tokens, while another 30% supports BONKsol validators, aligning revenue generation with ecosystem stability. This design creates a deflationary effect for BONK and ties LetsBONK’s success directly to its growing user base and the broader Solana memecoin economy.
LetsBONK.fun's Key Features
• No-code token creation: You can launch a memecoin in just three clicks, no smart contract knowledge or developer needed. Simply choose your token name, symbol, and supply, and the platform deploys everything on Solana’s blockchain.
• Automatic DEX listings: Every new token is instantly available on major Solana DEXs like Raydium and Jupiter. This means your token gets immediate liquidity and exposure without complex setups.
• 1% swap fee: LetsBONK.fun charges a flat 1% fee on every trade. This fee isn’t pocketed by the platform alone. It’s strategically reinvested to strengthen the BONK ecosystem and Solana network.
• Community-first model: Revenue from fees is split: 30% for BONK token buybacks and burns, 30% for BONKsol validator support, and 40% for platform development. This approach helps sustain the ecosystem and benefits all participants.
How Big Is the LetsBONK.fun Community?
LetsBONK.fun is deeply tied to BONK, Solana’s most popular dog-themed memecoin. As of July 2025, BONK boasts over 430,000 followers on X and a market cap nearing $1.8 billion, making it a cultural and financial powerhouse within the Solana ecosystem.
Every trade on LetsBONK.fun helps fuel BONK’s growth. The platform directs 30% of all fees to buy back and burn BONK tokens, creating deflationary pressure that could drive up BONK’s value over time. Another 30% of fees supports BONKsol validators, strengthening Solana’s decentralization and network security. This tight integration between the launchpad and BONK has positioned LetsBONK.fun as a cornerstone of Solana’s memecoin economy, attracting both meme creators and long-term ecosystem supporters.
Top Memecoins Launched on LetsBONK.fun
Thousands of tokens launch daily on LetsBONK.fun, but a few stand out for their success:
• USELESS: A self-deprecating meme token that ironically gained serious momentum. It surged past $100 million in market cap within weeks of launch.
• HOSICO: Inspired by the chubby Scottish Fold cat famous online, HOSICO saw $12 million in 24-hour trading volume and continues to attract steady demand.
• IKUN: A cultural phenomenon among Chinese crypto users, IKUN (named after pop star Cai XuKun) became LetsBONK’s third-largest token by market cap, peaking over $15 million.
What Is Pump.fun?
Daily volume and total revenue of Pump.fun | Source: Dune Analytics
Pump.fun is Solana’s original viral memecoin launchpad. Launched in January 2024, it revolutionized memecoin creation by removing technical barriers and enabling anyone to launch a token for as little as 0.02 SOL. In just 18 months, Pump.fun became the backbone of Solana’s meme economy, hosting over 11.4 million token launches, attracting more than 22 million unique addresses, and generating over $722 million in total fees. At its peak in July 2025, the platform handled up to 2.6 million daily transactions and processed more than $164 million in daily trading volume.
In July 2025, Pump.fun plans to launch its native token, PUMP, through a public sale with an initial price of $0.004 and a total supply of 1 trillion tokens (FDV of $4 billion). The public sale aims to raise $600 million, with a private round potentially bringing the total raise to $1 billion. The PUMP token will give users a stake in the platform’s success and introduce new revenue-sharing incentives for token creators and traders. This move is widely seen as a response to LetsBONK.fun’s rapid rise and a strategy to reinvigorate Pump.fun’s community engagement.
Key Features of Pump.fun Launchpad
• Bonding curve pricing: Pump.fun uses an automated bonding curve that sets token prices dynamically. As more buyers enter, prices increase exponentially. This rewards early adopters and creates hype-driven price action.
• Auto liquidity migration: When a token hits a market cap milestone (e.g., $30K or $60K), Pump.fun automatically adds liquidity to Raydium, Solana’s largest DEX. It also burns LP tokens to lock liquidity permanently, ensuring fair trading conditions.
• Low launch costs: You can create a memecoin for as little as 0.02 SOL. There’s no need to provide upfront liquidity or technical setup, making it accessible to anyone with a wallet and an idea.
How Has Pump.fun Driven Solana's Memecoin Boom?
Solana memecoins' market cap | Source: CoinGecko
Pump.fun ignited the Solana memecoin craze in early 2024. At its peak in December 2024, it fueled an explosive rise in Solana’s total memecoin market cap, which soared to $127 billion, up from under $10 billion the year before. The platform became a cultural phenomenon, with breakout tokens like MOODENG (hitting a $170 million market cap in three days) and CHILLGUY (peaking at over $543 million) leading the charge.
By mid‑2025, however, cracks began to appear. Users voiced growing concerns over Pump.fun’s practices:
• Large SOL outflows: Reports showed hundreds of millions in platform fees being transferred to centralized exchanges like Kraken.
• Lack of ecosystem reinvestment: Unlike competitors, Pump.fun does not funnel fees back into Solana or community development.
• Bot activity: According to Coinbase’s head of product, the majority of tokens launched on Pump.fun are created by automated bots, not individual users.
These criticisms have opened the door for rivals like LetsBONK.fun, which prioritize community incentives, BONK ecosystem reinvestment, and transparent fee allocation.
Top Memecoins Launched on Pump.fun
Some of Solana’s biggest memecoin success stories began on Pump.fun:
• MOODENG: A baby pygmy hippo-themed token that rocketed to a $170 million market cap in just three days.
• CHILLGUY: With viral TikTok challenges and Gen Z humor, CHILLGUY peaked above $543 million in 2024.
• MOTHER: Created by Australian musician Iggy Azalea, this celebrity memecoin reached a $200 million cap shortly after launch and remains one of the most recognized Pump.fun projects.
LetsBONK.fun vs Pump.fun: Key Differences
At first glance, LetsBONK.fun and Pump.fun look very similar. Both are no-code memecoin launchpads built on Solana, making it easy for anyone to create and trade tokens without technical skills. They use bonding curve mechanics to set token prices dynamically and list successful tokens automatically on Solana DEXs like Raydium and Jupiter. Each charges a 1% swap fee and hosts thousands of new token launches daily. But dig deeper, and the two platforms take very different approaches to community alignment, revenue use, and user experience.
1. Community Alignment and Revenue Use
LetsBONK.fun reinvests its revenue directly into the ecosystem. Of every 1% swap fee, 30% is used to buy and burn BONK tokens, another 30% supports BONKsol validators, and the remaining 40% funds platform development. This creates a feedback loop where the success of the launchpad strengthens the BONK community and the broader Solana network.
In contrast, Pump.fun has been criticized for extracting value from the ecosystem. Reports show millions of dollars worth of SOL fees sent to centralized exchanges like Kraken. Until recently, it had no community rewards or reinvestment plans. However, this is changing. Pump.fun is preparing for the launch of its native PUMP token in July 2025. The token aims to introduce revenue-sharing and governance features to win back users and stay competitive.
2. User Experience and Market Performance
LetsBONK.fun emphasizes simplicity and accessibility. It features a clean, beginner-friendly UI, lower minimum liquidity thresholds, and instant listings on Raydium and Jupiter. These upgrades have helped it attract more organic projects and retail traders. By July 2025, LetsBONK.fun overtook Pump.fun in daily activity, launching over 22,000 tokens per day and generating $1.04–$1.23 million in daily revenue, capturing 54–55% of the daily market share.
Pump.fun, however, still leads in long-term metrics. Over the past 30 days, it pulled in $37 million in revenue, compared to LetsBONK.fun’s $4.5 million. With more than 11.4 million total token launches since its debut, Pump.fun remains a giant in Solana’s memecoin ecosystem. But challenges are mounting. Coinbase data reveals bots dominate activity on Pump.fun, with top wallets launching hundreds of tokens daily, many lacking real communities. For beginners, LetsBONK.fun feels safer and more community-driven. Meanwhile, experienced traders may still favor Pump.fun’s scale and proven history.
Which Memecoin Launchpad Should You Choose?
Choosing between LetsBONK.fun and Pump.fun depends on your experience level and what you value in a memecoin launchpad. If you’re a beginner or casual trader, LetsBONK.fun feels like the safer and more user-friendly option. Its clean interface, simple three-click token creation, and lower liquidity requirements make it ideal for first-time creators. The platform’s strong ties to the BONK ecosystem mean every trade supports validator rewards and BONK buybacks, appealing to users who prefer community-driven growth. By July 2025, LetsBONK.fun was leading Solana’s memecoin activity with over 22,000 daily token launches, $1.04–$1.23 million in daily revenue, and a 54–55% market share.
On the other hand, Pump.fun may be a better fit for experienced traders and creators looking for scale and legacy impact. As Solana’s original memecoin launchpad, it has hosted over 11.4 million token launches and served 22 million unique addresses since January 2024. Its milestone-based liquidity migration to Raydium offers proven pathways for tokens to gain traction. While the platform has faced criticism for lacking ecosystem reinvestment, its upcoming PUMP token ICO in mid-July 2025 promises to introduce revenue sharing and governance perks that could shift the narrative. For those comfortable navigating a more competitive (and bot-heavy) environment, Pump.fun remains a dominant force with a $37 million 30-day revenue track record.
Key Considerations Before Using Memecoin Launchpads
Memecoin trading on platforms like LetsBONK.fun and Pump.fun can be exciting, but it comes with significant risks. Many tokens are created by bots, with some senior crypto executives suggesting that automated accounts launch hundreds of tokens daily. This makes it harder for genuine projects to stand out. Liquidity is another issue; most new tokens have shallow markets, which can lead to high slippage and difficulty exiting positions. In addition, memecoin prices are highly volatile, often swinging 50–90% within hours as hype rises and fades. Beginners should approach with caution, do their own research, and only invest what they can afford to lose.
How to Start Trading Solana Memecoins
Getting started with Solana memecoins is simple, but you’ll need SOL (Solana’s native token) to participate on launchpads like LetsBONK.fun and Pump.fun. Here’s how you can do it:
1. Buy SOL on BingX: Log in to your BingX account and purchase SOL using the Quick Buy option with your credit or debit card, or use the P2P marketplace to buy directly from other users in your local currency. You can also buy SOL on the Spot market by trading USDT or other supported stablecoins.
2. Transfer SOL to a Solana wallet: Once you’ve bought SOL, send it to a Solana-compatible wallet such as Phantom or Solflare. These wallets are free, beginner-friendly, and allow you to interact directly with decentralized applications (dApps) like LetsBONK.fun and Pump.fun. Make sure to double-check the wallet address before transferring.
3. Explore launchpads for new tokens: Visit LetsBONK.fun or Pump.fun to browse newly launched memecoins. You can view token details, trading volume, and community activity to find projects that match your interest.
4. Start trading carefully: Connect your wallet to the launchpad, swap SOL for your chosen token, and track its performance. Be cautious, many tokens are highly volatile and have low liquidity. Only invest what you can afford to lose and avoid chasing hype.
Find Trending Solana Memecoins on BingX ChainSpot
You can also trade trending Solana memecoins early using BingX ChainSpot. This feature lets you access and swap on-chain assets like SOL-based meme tokens directly from your BingX account, with no need for a separate wallet or DEX. It’s a convenient way to join the memecoin hype before these tokens are officially listed on the BingX spot market.
Read more: BingX ChainSpot: One Tap, All Chains
With SOL in your wallet and access to these platforms, you’re ready to explore Solana’s growing memecoin ecosystem.
Conclusion
LetsBONK.fun is growing rapidly, thanks to BONK-powered incentives and its strong community focus. Pump.fun, on the other hand, continues to hold its place as a major player with a proven track record, advanced features, and an upcoming $1 billion ICO that could reshape its ecosystem.
If you’re new to memecoins, LetsBONK.fun offers a simpler and more beginner-friendly experience. For experienced users seeking scale and historic success, Pump.fun may still be the platform of choice. However, remember that memecoin trading is highly speculative and carries risks such as low liquidity, extreme volatility, and scam projects. Always do your own research (DYOR) and only invest what you can afford to lose.