While LetsBonk is Celebrating, PumpFun Strategically Lays Low to Seize Next Cycle’s Dominance
Against the backdrop of the overall decline in Meme coin popularity, PumpFun has adopted a strategy of “cash retention + track shift” to avoid short-term money-burning competition, betting its chips on Solana’s next-stage ICM opportunity.
Meme Coin Frenzy Cools Down: The End of the Super Cycle?
After 18 months of疯狂 expansion, the popularity of Meme coins on Solana is rapidly cooling down: trading volume has shrunk significantly, robot trading has surged, and retail risk appetite has continued to decline – all signs indicate that the “super cycle” may have come to an end.
While many projects are still fighting for existing traffic, two major “launchpads”, PumpFun and LetsBonk, have staged a dramatic role reversal: in terms of surface data, LetsBonk leads in deployment volume, revenue, and market share; while PumpFun has chosen to “收缩战线、保存弹药” and set its sights on the next narrative inflection point.
The “Win-Loss” in the Short Term: Is the Meme Coin Track Still Worth Betting Heavily On?
LetsBonk has become the “absolute” leader in token deployment volume, with approximately 3.7 times that of PumpFun, capturing 65.1% of the market share in just one month. In terms of graduated projects, LetsBonk is about 7.8 times that of PumpFun.
However, the Meme coin market is facing severe challenges: retail risk appetite has plummeted after major “harvesting” incidents such as MELANIA and LIBRA; robot trading has surged, and the profit space for ordinary traders has been continuously compressed. The Meme coin trading has evolved from an ordinary “casino” to a gamble with increasingly serious negative expectations.
PumpFun’s Low-Key Accumulation: Betting on Solana’s ICM Opportunity
While LetsBonk is leading in surface data, it has not formed a large-scale capital reserve, and insiders are cashing out through tokens such as BONK and USELESS. In contrast, PumpFun has chosen to “收缩战线、保存弹药”, focusing on cash retention and track shift.
PumpFun’s strategy is not about giving up, but about avoiding the declining Meme coin track and preparing for Solana’s next narrative. Solana Labs is promoting a new round of ICM (Increased Chain Utility), and PumpFun, with its solid brand, deep connections, and clear corporate structure, is financially ready to surpass any competitor in the upcoming bear market.
Reminder: This article contains subjective viewpoints and inferences and is not investment advice. Readers are advised to make prudent judgments based on their own risk tolerance.
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This content is AI-generated and does not constitute investment advice. Please exercise your own rational judgment.
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