The Solana meme coin launchpad competition has intensified, with LetsBonk surpassing Pump.fun in terms of daily token creation. Over the past 24 hours, LetsBonk launched 19,620 Solana tokens, significantly higher than Pump.fun’s 9,249. This shift in market share has allowed LetsBonk to account for 58.5% of the Solana launchpad sector, marking a historic change as Pump.fun has previously dominated. The largest token created by LetsBonk is Useless Coin, valued at $275.9 million. Adam Tech, a Dune dashboard creator, noted that the recent BONK runners appear to be largely organic, indicating less manipulation in the market compared to Pump.fun, which had a high fraudulent activity rate earlier. LetsBonk, using Raydium’s infrastructure, allows users to easily launch meme coins, and since its launch, it has seen an increase in market share from 2% to 58.5%. Pump.fun, which had nearly complete market control until now, now occupies just 35.2%.

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