LetsBonk overtakes Pump.fun: Are Solana memecoins back for good?

Key metrics on Solana remain flat despite LetsBonk’s recent surge, but supporting data suggests memecoins may be staging a comeback.

Pump.fun has lost its spot as Solana’s top memecoin launchpad for the first time since its breakout, overtaken by rookie platform LetsBonk.

At first glance, Solana’s overall network activity suggests that the memecoin scene is more reshuffling than expanding. Total token launches on the network remain stable, daily transactions are trending downward and the number of new accounts created is roughly half of April’s peak.

However, supporting metrics hint that Solana may be on the rise again, driven by a potential expansion in memecoin activity, according to Vugar Usi Zade, chief operating officer of Bitget.

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