PUMP price drops 15% as Bonk lauchpad dominates market share

2025/08/01 23:02

Memecoin launchpad Pump.fun saw a more than 90% decline in revenue amid a collapse in its market share.

Summary
  • Pump.fun revenue dropped more than 90%.
  • Bonk-powered LetsBonk dominates memecoin launchpads.

Solana-based (SOL) memecoin launchpad Pump.fun (PUMP) is rapidly losing its dominant position in the memecoin launchpad space. On Friday, August 1, the price of the PUMP token dropped 15%, from $0.00309 to a daily low of $0.002495, before rebounding to $0.0028. While the drop coincides with a broader market decline, it also reflects Pump.fun’s falling revenues and shrinking market share.

Notably, Pump.fun’s daily fees stood at $316,000 on August 1. On July 28, revenue hit a 10-month low at $307, according to DeFiLlama. This marks a 95% decline from the all-time high in daily revenue of $7 billion on January 23.

Daily fees on Pump.fun

At the same time, Pump.fun experienced a significant drop in market share. In late July, its revenue share plummeted from 88% to just 19%, while LetsBonk’s dominance surged from 25% to about 78%. Pump.fun is also losing ground in the number of daily memecoin launches, with LetsBonk now leading the category.

Memecoins deployed by the memecoin launchpad platform

Pump.fun is increasingly losing out to Bonk

Pump.fun’s revenue share has declined despite recent efforts to expand its ecosystem and incentivize creators. In May, Pump.fun introduced a 50% revenue share model, allowing creators to earn a portion of trading fees generated on the platform. On March 20, Pump.fun also launched its own decentralized exchange, PumpSwap, to capture additional fee revenue.

LetsBonk is a Solana-based memecoin launchpad created by the team behind the Bonk memecoin. Bonk is one of the largest memecoins on the Solana network, supported by a strong community. Since its launch in April, LetsBonk has offered a 60% revenue share and distributed fees to BONK token holders.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

XRP & DOGE Income Path: OPTO Miner Creates a Highly Flexible Passive Income Portfolio

XRP & DOGE Income Path: OPTO Miner Creates a Highly Flexible Passive Income Portfolio

OPTO Miner , a blockchain cloud computing platform, recently completed a service upgrade, officially opening Dogecoin (DOGE) as a new settlement method. Users can now directly deposit and purchase computing power contracts using DOGE. The platform already supports XRP contracts, and this expansion allows users to flexibly choose between XRP and DOGE based on their holdings, making mining even more convenient and efficient. This update aims to further lower the barrier to entry, making the world of mining accessible to more people. Regardless of technical background, users simply register, deposit crypto assets, and select a contract to automatically activate cloud computing services. There’s no need to purchase equipment, worry about electricity costs, or manage maintenance. Daily earnings are automatically distributed according to the contract, and can be withdrawn or reinvested at any time, truly enabling users to participate in the growth of mainstream crypto assets with just a few clicks. Why choose XRP and DOGE to Launch Mining Services? XRP and DOGE each have their own unique advantages, which are also the core considerations for OPTO Miner to support them as payment methods. XRP, with its very fast arrival speed and low transfer costs, is particularly suitable for users who want to quickly start cloud computing contracts and avoid lengthy waiting processes. DOGE has strong liquidity, a low usage threshold, and an active community, making it more popular among beginners and users who prefer flexible configuration. By introducing these two mainstream crypto assets as payment options, OPTO Miner not only lowers the threshold for user participation but also makes the entire mining process more in line with users’ actual asset usage habits, creating a more relaxed, free, and diverse cloud mining experience. Core Highlight: Creating a Cloud Computing Power Mine That is Truly “For Everyone” Zero hardware threshold: No mining machine and maintenance required, cloud computing power is ready to use. XRP/DOGE direct deposit and mining: no exchange required, deposit and invest instantly, fast, and efficient. Mainstream currency settlement: supports settlement of more than ten mainstream currencies, including XRP, DOGE, BTC, ETH, LTC, BCH, USDT, etc. Daily income settlement: automatically distributed according to the contract, credited to the account in real time, and flexible withdrawal. The data is transparent and clear: the input and output are clear at a glance, and the entire operation process can be checked. Multiple protections for funds: Isolation of hot and cold wallets, and multi-layered security to ensure asset safety. Flexible Contract Options: Multiple hashrate options are available to suit different user needs. BTC (Miner-S19k-Pro) Investment: $100 (USD), Contract Term: 2 Days, Daily Return: $4, Expiration Return: $100 + $8 BTC (AVALON MINER A1326-109T) Investment: $500, Contract Term: 6 Days, Daily Return: $6.05, Expiration Return: $500 + $36.3 BTC (iBeLink BM-K1+) Investment: $1,000, Contract Term: 10 Days, Daily Return: $12.5, Expiration Return: $1,000 + $125 DOGE/LTC (Gold Shell Mini Dog 2) Investment: $3,000, Contract Term: 20 Days, Daily Return: $41.1, Expiration Return: $3,000 + $822 Antminer S17 Pro Investment: $5,000, Contract Term: 26 Days, Daily Return: $70, Maturity Return: $5,000 + $1,820 Avalon A1466 Investment Amount: $10,000, Contract Term: 37 Days, Daily Return: $156, Maturity Return: $10,000 + $5,772 Users can flexibly select a contract based on their budget and risk appetite . With a single click, the system automatically allocates hashrate resources and generates stable daily returns during the contract period. Only 4 Steps are Needed to Start the XRP and DOGE Holding Income Mode 1. Register an account Visit the official website optominer.com , complete the registration, and receive a $1.5 new user bonus. 2. Deposit XRP and DOGE In the account backend, select “XRP or DOGE Deposit”. The system will generate a unique wallet address, and users can transfer funds from exchanges or personal wallets. 3. Select a contract plan Browse the various hashrate plans offered by the platform, freely select the appropriate contract, and start mining immediately after confirming your investment. 4. Collect daily income During the contract operation, the system will automatically distribute the mining income to the user’s balance on a daily basis. Users can withdraw or reinvest at any time. Redefine the Way to Participate in Cloud Computing with the Concept of “Mobile First” An OPTO Miner spokesperson stated, “We want every crypto user, regardless of technical background, to be able to manage their mining income as easily as using a banking app. For this reason, we adhere to a ‘mobile-first’ product philosophy, striving to make the complex cloud mining experience simple and accessible.” He further explained that XRP is an ideal way to start cloud computing contracts because of its fast transfer speed and low fees, while DOGE has an active community base and a low entry threshold, making it more popular among novice users and flexible investors. With the continued expansion of XRP in cross-border clearing and payment systems, and the widespread application of DOGE in retail payments and community culture, OPTO Miner, by supporting these two mainstream currencies, is providing global users with a more convenient, transparent, and low-threshold path to participate in cloud computing power. It also marks that mining methods are moving from the traditional hardware era to a more lightweight and inclusive “mobile era.” APP Download
Share
CryptoNews2025/08/02 19:00