- Pump.enjoyable regained 67% market share of Solana meme coin launches, overtaking LetsBonk after a month-long hunch.
- Each day income rebounded from $169K to over $1M, aided by the brand new Glass Full Basis liquidity program.
- Meme coin ecosystem stays aggressive, with Luggage overtaking LetsBonk for second place and Zora’s token rallying 40%.
Pump.enjoyable’s token jumped 20% within the final 24 hours to round $0.0036 because the Solana-based meme coin launchpad reclaimed market share from rival LetsBonk. Whereas nonetheless down 46% from its post-debut excessive of $0.006812, the platform has seen a powerful rebound after shedding momentum to rivals final month.
For over a yr, Pump.enjoyable was the go-to hub for launching meme cash on Solana, however LetsBonk surged forward in July, commanding 74% of every day launches. That shifted once more on Sunday, with Pump.enjoyable accounting for 67% of the 27,500 cash launched that day. Each day income, which had dropped to $169,000, has now soared again above $1 million.
Glass Full Basis and Aggressive Shifts
The turnaround started earlier than final week’s unveiling of the Glass Full Basis — an initiative to supply liquidity to common meme cash and their most devoted communities. The transfer drew constructive consideration however wasn’t the preliminary catalyst for Pump.enjoyable’s resurgence.
Within the broader competitors, Luggage overtook LetsBonk because the second-largest Solana meme coin launchpad, leaving Pump.enjoyable, Luggage, and LetsBonk with $134 million, $38 million, and $12 million in Sunday buying and selling quantity, respectively.
Ripple Results Throughout the Meme Coin Ecosystem
BONK, LetsBonk’s flagship meme coin, dipped 3.2% on Monday however nonetheless holds a ten% month-to-month achieve. In the meantime, consideration has additionally flowed towards different creator-focused platforms like Zora, whose token surged almost 40% to $0.135 on Monday as curiosity in social token and content-creation ecosystems grows.