LetsBONK, the Solana-based launchpad that powers BONK and its quickly growing ecosystem, shows that memecoins aren't just talk. On Wednesday, the platform said it would buy back the best token pairs every week and put 1% of its total revenue toward the cause.

And before you laugh at 1%, think about this: LetsBONK made $1.5 million in fees in just the last 24 hours. That means that every week, $15,000 in new buying pressure comes into the BONK ecosystem. Not bad for a site that started out as a meme factory.

If you ask me, it makes sense for them to take the money out of their marketing budget. What better way to get the word out than to see your token get bought in real time?

Useless Coin Is Now Looking Very Useful

So far, the biggest winner is Useless Coin (yes, you read that right). CoinGecko says that it has a market cap of about $312 million, which makes it the leader of the BONK pack right now. ANI, the token linked to xAI's Grok AI Companion, is right behind it. (It seems that even your AI chatbot wants a coin now.)

Tom, the founder of LetsBONK, says that the weekly buybacks will aim for "any pair that reaches the high levels," whatever that means. In short, if your memecoin is popular, you might get some love in the form of real cash purchases.

As someone who's seen a lot of meme projects go up and down like a gym routine, this kind of ongoing support is... actually nice?

Other Platforms Are Keeping a Close Eye

Of course, LetsBONK isn't the only game in town. Pump, a competing memecoin platform, is trying to stay relevant by adding some flashy features of its own. They've added a way for people to share in the profits from their PUMP token and are adding a "community takeover" feature that lets users bring back old projects like crypto archaeologists.

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Source: Giphy


But while other people are working on bringing things back to life, LetsBONK is focusing on what works and, hey, a total market cap of $1 billion from tokens launched on the platform isn't exactly small potatoes.

So, the next time someone makes fun of memecoins, just remind them that $15,000 a week is going into this ecosystem and that some coins called Useless are suddenly worth hundreds of millions.

Cryptocurrency is strange, but believing in the memes can sometimes pay off.

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