LetsBonk Beats Pump.fun, Total Marketcap Reaches $1 Billion!

Jakarta, Pintu News – The legendary meme coin of the Solana (SOL) ecosystem, Bonk (BONK), has caught the attention of crypto investors once again after experiencing a 10% price spike in the last 24 hours, when the majority of cryptocurrencies experienced a sharp decline.

In the last 30 days, BONK recorded a fantastic 158% gain, driven by the increasing popularity of the LetsBonk platform (Bonk.fun)-a new competitor that managed to overtake Pump.fun’s dominance in the launch of meme tokens on the Solana network.

With a shrinking token supply trend and bullish technical formations, BONK is predicted to surge up to 50% higher, even surpassing its record high price. Is it a good time to get in before the big rally starts?

LetsBonk Beat the Pump.fun

The LetsBonk platform is now the main engine of meme coin launches on Solana, displacing the dominance of Pump.fun which previously controlled up to 90% market share. According to the latest data, LetsBonk now controls more than 64% of the token minting volume on Solana, leaving Pump.fun to settle for the remaining 24% market share.

This win by LetsBonk had a direct impact on BONK’s price performance, as the platform used most of its revenue to buy and burn BONK tokens from the market.

During the month of July alone, LetsBonk has generated over $30 million in revenue, and 50% of those funds were used to burn BONK tokens-a deflationary mechanism that reduces supply and increases value.

In one month, this means that almost 1% of the total circulating supply of BONK disappeared from the market, creating natural upward pressure. With a burn rate like this, the potential for price increases is very realistic in the near future.

Read also: Price of 1 Pi Network (PI) in Indonesia Today (07/30/25)

LetsBonk’s Marketcap Hits $1 Billion

The LetsBonk platform continues to register tremendous growth in the crypto ecosystem, particularly in the Solana (SOL) based meme token minting sector. To date, LetsBonk has launched a total of 674,199 tokens, making it one of the fastest and most active token launch platforms in the industry.

Of these, 7,190 tokens have successfully “graduated” or passed the selection stage to step into the next phase of the market.

Token launch activity has also been very high in recent days. In the last 3 days alone, there have been 45,467 new tokens launched, while 548 of them have graduated. Looking at the last 7 days, a total of 122,053 tokens have been launched and 1,302 tokens have graduated-signaling a massive level of community participation.

In terms of market valuation, the total cumulative market cap of the tokens launched through LetsBonk has now reached a fantastic figure of $1,015,249,832 or around Rp16.6 trillion (exchange rate $1 = Rp16,393).

The average market capitalization per token is also quite significant, at $22,297 or around Rp365 million per token-suggesting that even small projects have a great valuation opportunity in the LetsBonk ecosystem.

These numbers reflect LetsBonk’s dominance in the Solana meme token market, beating out competitors such as Pump.fun. In addition to providing the ease of instant token creation, LetsBonk also supports value growth through burning mechanisms and community building-which in turn drives up the price of related assets such as Bonk (BONK) itself.

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BONK Ready to Breakout: Bullish Flag Formation and New All-Time High Target

BONK’s 4-hour price chart is currently forming a bullish flag pattern, a technical formation that usually signals the continuation of an uptrend if a breakout occurs. This pattern emerged after BONK rallied from $0.000022 to $0.000040 (equivalent to Rp0.36 to Rp0.66), and is currently consolidating around Rp0.60. The Relative Strength Index (RSI) indicator reinforces this pattern as it shows a sideways movement with steady buying pressure.

The other two indicators, EMA 9 and EMA 21, are also getting tighter, signaling a healthy consolidation before a potential breakout. For confirmation of further upside, BONK needs to cross the strong resistance at $0.000040 (IDR656) on heavy volume.

If a breakout occurs, based on the size of the previous pole which gives 90% upside, a conservative target of $0.000057 (Rp935) becomes very possible-even surpassing the previous all-time high of $0.00005916 (Rp970) from November 2024.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• FX Empire. Bonk Price News: BONK Could Rise by 50% as LetsBonk Overthrows Pump.fun. Accessed July 30, 2025.
• Featured image: Coinmarketcap