Buyback Strategy and Revenue Model

The company’s buyback initiative is fully funded by its own revenues. In particular, the fees collected from users launching new memecoins on the platform are directed toward daily token buybacks.

Over the past week, daily repurchases have ranged between $1.3 million and $2.3 million, signaling a consistent effort by Pump.fun to reduce circulating supply.

According to available data, the platform’s cumulative revenue has already surpassed $775 million. However, from July 28 to August 3, Pump.fun’s weekly revenue dropped sharply to just $1.72 million — its lowest level since March 2024.

PUMP’s Price Movement and User Growth

The buyback strategy appears to be having a positive impact. PUMP token has gained more than 12% over the past month and nearly 9% in the past week. At the time of writing, it trades at $0.003522, marking a 54% increase from its August low of $0.002282.

On-chain data also reveals a steady rise in user participation. The number of PUMP holders has surpassed 70,800, with smaller wallets holding less than 10,000 PUMP now accounting for 46% of total distribution. This trend highlights growing retail investor interest and a broader spread of token ownership.

Competition and Market Share

Despite these achievements, company has faced challenges in maintaining its dominance within the Solana memecoin launchpad ecosystem. On July 7, a rival platform called LetsBonk surpassed Pump.fun in 24-hour revenue, temporarily taking the top spot. Throughout July, LetsBonk continued to capture more market share and even outpaced Pump.fun at times.

However, data from the Solana DEX aggregator Jupiter shows that company has reclaimed the lead. In the past seven days, Pump.fun secured a 73% market share with $4.5 billion in trading volume, while LetsBonk’s share dropped below 9%, recording only $543 million in volume.

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The post Pump.fun Executes Major Buyback to Support PUMP Price! appeared first on Coin Engineer.

Rapidly gaining popularity in the first half of 2025, Let’s BONK (LetsBONK) takes its name from one of Solana’s iconic projects: BONK. Thus, the project directly benefits from BONK’s ecosystem power and brand recognition.

About the Team

Let’s BONK (LetsBONK) was initiated by an anonymous team, just like many other meme tokens. While the identities of the core developers remain unknown, the project is reportedly supported by some OG members of the BONK community and various Solana developer groups.

These groups and individuals were instrumental in BONK’s earlier growth, providing a strong foundation for Let’s BONK (LetsBONK) as well.

Investors and Notable Supporters

Several notable entities and figures have supported the project:

• Indirectly endorsed by Toly, the founder of Solana
• Backed by key Solana ecosystem platforms such as MoonPay, MonkeDAO (SMB Community), and Jupiter
• Popular internet figure Hosico joined early, boosting the project’s viral power

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

These supporters emphasize that Let’s BONK (LetsBONK) is more than just a “joke” — it has genuine social momentum.

Project Concept

Let’s BONK (LetsBONK) is the native token of LetsBonk.fun, a next-gen Launchpad platform created under BONK on the Solana blockchain. It’s not just a meme coin — it powers a platform where meme-based projects are born.

How It Works

Technically, Let’s BONK (LetsBONK) is an SPL token operating on Solana. The mechanics of the project can be summarized as follows:

• Built on Solana: Fast transactions, extremely low fees
• Fixed Supply: Capped at 68.99 million tokens
• Tradeable: Available on both DEXs (like Raydium) and CEXs (like LBank, BitMart)
• 1% Transaction Fee: Collected from Launchpad activity; used for node validators and $BONK token burns
• High Liquidity: Daily trading volume can exceed $3 million

Roadmap

Although no official technical roadmap has been released due to the project’s early stage, key milestones include:

• April 2025: Launch of LetsBonk.fun
• First 24 Hours: 800,000+ visitors, $300M in volume, and 2,700 new tokens created
• LETSBONK Launch: Started with low market cap, surged to $30M in just 6 hours
• Next Steps: Support more meme projects via the Launchpad, grow the community, integrate with decentralized apps

Ecosystem

Let’s BONK (LetsBONK) is part of the broader Solana meme ecosystem shaped by BONK. The key elements of this ecosystem include:

• BONK Token
• LetsBonk.fun Launchpad
• Meme projects like Hosico and DumpFun
• Solana NFT and app developers
• DEXs and Launchpad platforms
• Solana Phone – Saga integration

This structure supports Let’s BONK (LetsBONK) as both a technological and cultural movement.

Key Features

• Community-Centric: Success is driven more by social impact than tech
• Low-Cost Transfers: Directly reflects the strengths of Solana
• High Volatility: Price swings of up to 1000% possible
• Viral Spread Potential: Fueled by social media and FOMO
• LaunchPad Utility: Real-world function beyond meme hype

Official Links

• Official Website
• X (Twitter)

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The post What is Let’s BONK (LetsBONK)? appeared first on Coin Engineer.

Despite a token-burning event that removed 1.69 trillion BONK tokens, worth over $51 million, from circulation, the dog-themed memecoin Bonk failed to break out of a broader crypto slump.

In late November, the team behind the Solana-based memecoin Bonk proposed burning 1 trillion tokens under a plan called “BURNmas.” The plan involved burning 1,000 BONK for every X post with the #LetsBONK hashtag and 10,000 BONK for every new follower on Instagram and TikTok. BURNmas was initially scheduled for December 25.

However, it exceeded the target, and BonkDAO members voted in favor of an updated proposal to burn 1.69 trillion BONK tokens on December 26 at 5:40 pm UTC.

This represents 1.85% of the 90.97 trillion BONK tokens currently in circulation, down from 100 trillion, according to CoinGecko data.

BONK Price Declines

Token burning is a common strategy to increase token prices by creating a more favorable supply and demand dynamic.

However, despite this strategy, the token has failed to replicate the success it saw from the burning of 100 billion BONK tokens on November 13. During that period, the token price increased by 56%, reaching a new all-time high market cap of $4.38 billion within a week.

Since the December 26 burning event, the token has decreased by 7.2%, with its market cap falling to $2.3 billion. This has occurred amid a broader market downturn.

While the reason for the sell-off is unclear, some Bonk enthusiasts expressed frustration with the Bonk team for failing to execute the burn on Christmas Day as promised.

Hours before the burn event on December 26, X user BestBets told Bonk core contributor Nom:

“The price continues to drop because you guys didn’t keep your word and didn’t communicate well.”

BestBets added, “You will lose a lot of progress and coin holders by lying to the community.”

X user PootieCoin commented, “I’m losing trust.”

Despite the price drop, BONK remains the fourth-largest memecoin in the growing $105 billion market, trailing only Dogecoin, Shiba Inu, and PEPE, according to CoinGecko data.

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