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BONK Hits 7-Day High After LetsBonk Overtakes Pump.fun in Meme Coin Craze

2 mins
Updated by Ann Maria Shibu
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In Brief

  • BONK's price surge coincides with the rapid growth of LetsBonk, a meme coin launchpad on Solana, surpassing Pump.fun's activity.
  • LetsBonk has launched over 22,000 meme coins in a day, outpacing Pump.fun's 9,800 and generating $1.23 million in revenue.
  • BONK's price has risen 66% in the past week, with $19 million inflows into spot markets and a positive BBTrend indicating bullish momentum.
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Thanks to the recent spike in activity on Bonk’s decentralized meme coin launchpad, LetsBonk, demand for the Solana-based meme coin BONK has surged. 

It now trades at a seven-day high, and momentum is building as on-chain interest intensifies.

BONK Booms as LetsBonk Crushes Pump.fun 

BONK’s price rise in the past week is closely tied to the meteoric growth of LetsBonk, a launchpad that allows users to easily create and deploy meme coins on Solana

Over the past week, LetsBonk has outperformed Pump.fun, the previous leader in the meme coin creation space, in terms of daily activity and revenue. 

Yesterday alone, over 22,000 meme coins were launched via LetsBonk, more than double the 9,800 tokens created on Pump.fun during the same period.

Solana Memecoin Launchpads.
Solana Memecoin Launchpads. Source: Dune Analytics

During the same period, LetsBonk’s revenue totaled $1.23 million, more than the $520,419 recorded by Pump.fun, per DefiLlama.

LetsBonk Revenue
LetsBonk Revenue. Source: DefiLlama

This clear revenue lead confirms the platform’s growing dominance and shows that BONK’s ecosystem is attracting both users and capital.

Meme Coin Climbs 66% as Spot Market Inflows Top $19 Million

This trend of creating new tokens on LetsBonk has driven up the demand for BONK. The meme coin trades at $0.000023 at press time, rising 66% over the past seven days. 

It has seen a steady wave of capital inflows into its spot markets, signaling strong bullish momentum. According to data from Coinglass, over $19 million has flowed into BONK spot markets in the past four days alone, with $5 million recorded on Monday. 

BONK Spot Inflow/Outflow.
BONK Spot Inflow/Outflow. Source: Coinglass

This liquidity injection highlights growing investor interest and confidence in the token’s short-term prospects.

Notably, BONK’s BBTrend indicator has just flipped positive for the first time in 30 days, strengthening the case for a sustained rally. This shift suggests that bullish momentum may be gaining strength following a prolonged decline.

BONK BBTrend.
BONK BBTrend. Source: TradingView

The BBTrend indicator identifies the strength and direction of a trend. When its value is negative, the market is in a bearish or consolidating phase, often characterized by low momentum and sideways movement. 

However, as with BONK, a flip from negative to positive marks a bullish trend reversal. This means that the buying pressure is beginning to outweigh the selling pressure, and momentum is shifting in favor of bulls.

BONK Eyes Break Above $0.000024

At press time, BONK trades below a long-term price ceiling of $0.00024. If the uptrend continues, it could fuel a break above this resistance. A successful breach could drive BONK’s price to $0.000028.

BONK Price Analysis
BONK Price Analysis. Source: TradingView

However, a bearish shift in market sentiment would invalidate this positive outlook. If profit-taking resumes, it could drive the meme coin’s value down to $0.000020.

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Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Abiodun Oladokun
Abiodun Oladokun is a Technical and On-Chain Analyst at BeInCrypto, where he specializes in market reports on cryptocurrencies from diverse sectors, including decentralized finance (DeFi), real-world assets (RWA), artificial intelligence (AI), decentralized physical infrastructure networks (DePIN), Layer 2s, and meme coins. Previously, he conducted market analysis and technical assessments of various altcoins at AMBCrypto, utilizing on-chain analytics platforms like Messari, Santiment...
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