Bonk.fun is shaking up the meme coin scene on Solana. In just a few weeks, it has overtaken Pump.fun to claim over 55% of the token launch market, and it’s doing more than just launching coins. Its model is driving strong demand for the BONK token at the center of its ecosystem.
Adding to the shift, Gate.io recently removed the Pump.fun token listing page, further delaying the token sale. It suggests fading interest in the once-dominant platform. As Pump.fun loses momentum, Bonk.fun is quickly gaining ground, and investors are starting to pay attention.
BONK Buy-and-Burn Powers Price Momentum
Bonk.fun got it right by turning users into stakeholders. Half of all fees go to buying and burning BONK, boosting demand and price. Another 8% supports community rewards and ecosystem growth. Moreover, out of every dollar earned, 50% goes toward buying and burning BONK, and another 8% goes into building reserves.
That’s over $500,000 worth of BONK bought and burned daily since overtaking Pump.fun. It’s a system designed to constantly apply upward pressure on BONK’s price, and it’s working. This creates a win-win model for users, projects, and the platform, unlike Pump.fun, which charges high fees and gives little back to users or tokens.
According to data, Bonk.fun has already processed $540 million in volume across 175,000 launches, compared to Pump.fun’s $341 million. Analysts like @theunipcs say this rapid shift is being driven by both stronger token incentives and a loyal user base eager to back the BONK ecosystem.
Meme Coin Mayhem: USELESS Token Steals the Spotlight
One of Bonk.fun’s biggest hits are USELESS, a self-aware meme coin with no utility that’s exploded in popularity, now boasting a market cap over $250 million. It’s become a symbol of Bonk.fun’s viral appeal and unconventional success.
With smaller players like Believe, Jup Studio, and Moonshot trailing far behind, Bonk.fun’s grip on the meme coin market appears only to be tightening. If current trends hold, BONK could see hundreds of millions in annual buy pressure, reinforcing its status as Solana’s standout meme token.
