Somewhere in the gray haze of August—hard to say if it was day or night—a memecoin launchpad called Pump.fun found itself slumping listlessly beside an empty samovar. Revenue, once as flush as Aunt Sonya at Uncle Pavel’s wake, had inexplicably taken flight, leaving nothing but the echoes of laughter and a pile of unpaid tabs.
- Pump.fun’s once respectable coffers now resemble a college student’s wallet—more moth than money.
- LetsBonk, that audacious Bonk-powered upstart, now throws its shadow across memecoin launchpads like an overambitious birch tree in spring.
On Solana’s vast and stormy plain, the once-proud Pump.fun (known to his friends as PUMP) found his market share scattering like last year’s snow. On the fateful Friday of August 1st (which no one will soon forget, despite trying), PUMP’s price stooped from $0.00309 to a pitiful $0.002495. There was a flicker of hope—always a dangerous thing—as it crawled back to $0.0028. But such hope is often the prelude to a longer sigh.
Daily fees, which had once soared to $316,000 with all the bluster of a Moscow matron at market, stumbled instead to $307—if only because DeFiLlama’s abacus cannot register tears. Compare this to January, when a $7 billion daily revenue made even the most skeptical uncles spill their borscht in disbelief. Those were days of laughter, card games, and too much vodka.
Meanwhile, in the adjacent dacha, Pump.fun watched its empire being carved up by the neighbors. In July, its share of the revels tumbled from a grand 88% to an ignominious 19%. LetBonk—flush with ambition and perhaps a touch of amateurish optimism—inflated its own share from 25% to 78%, likely while wearing suspiciously new boots. Even in the business of launching memecoins, the newcomers were out-launching the old guard.
Pump.fun: For Whom the Bell Bonks 🎉
Despite juggling revenue shares like a jaded circus bear and rolling out a decentralized exchange with a name only a mother could love (PumpSwap!), Pump.fun’s fortunes wilted faster than the family roses. Back in May, they howled about a new 50% revenue share—creators could finally pocket a little, assuming there was anything to pocket. By March, the brave souls at Pump.fun launched their own exchange. If only confidence paid the bills!
On the other side of the fence, LetsBonk had already spun up a launchpad so rowdy and rewarding, even the most cantankerous SOL token holders found themselves clutching BONK like an old love letter. Their offer? A devilish 60% revenue share and cozy fee distributions to BONK holders. It’s almost enough to make you believe in happy endings—or at least profitable ones 😏.
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2025-08-01 18:52