Bonk.fun has officially overtaken Pump.fun as the meme launchpad king, snatching up more than 55% of the market share in just a couple of months. That’s right, Bonk.fun is now sitting pretty with over $540 million in volume across 175,000 launches. No big deal, right? It’s only about $34 million in fees, and who’s counting?

In case you’ve been living under a rock, Bonk.fun flipped Pump.fun’s lead, which had been untouchable since January 2024, where Pump.fun racked up $800 million in fees over two years. But Bonk.fun? They didn’t need two years. They only needed two months and a strategy that included a shiny BONK buy-back plan. And apparently, it worked; investors are watching.

The Power of USELESS and Bonk.fun’s Fee Structure

Now, here’s the twist: Bonk.fun isn’t just selling memes and dreams. Their fee structure is something to talk about. A hefty 50% of fees go toward buying and burning BONK, while 8% is saved for reserves. The rest? Well, that’s for the platform. And let’s be real, when you’re generating over $1 million a day since overtaking Pump.fun, $500,000 of that is just getting burned away. Yikes.

But it’s not just the tokenomics that are getting attention. The biggest token in the Bonk.fun ecosystem right now? USELESS. Yes, you heard that right. A token so useless that it has somehow become incredibly popular. USELESS just hit over $250 million in market cap within weeks of going live. Talk about turning nothing into something.

If Bonk.fun keeps this up, annual BONK purchases could hit the hundreds of millions, further squeezing supply. Meanwhile, other Solana-based launchpads—like Believe, Jup Studio, and Moonshot—are still playing catch-up, with tiny market shares that don’t even come close to Bonk.fun’s dominance.

So, is Bonk.fun the new meme king? If it keeps burning through BONK like it’s going out of style, it’s looking that way. Sorry, Pump.fun, it’s been fun, but it looks like Bonk.fun just stole your crown.

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