If you’ve been keeping an eye on the wild world of Solana meme coins, you’ve probably heard the buzz around LetsBONK and its growing rivalry with the long-standing king, PumpFun. On July 5, 2025, Adam from @Adam_Tehc dropped a fascinating update on X that’s got the crypto community talking. He analyzed the top-performing tokens—those hitting $1 million or more in market cap over the last seven days—and the numbers show LetsBONK is hot on PumpFun’s heels. Let’s break it down!

The Numbers Tell the Story

Adam’s analysis revealed that LetsBONK launched 10 tokens that soared past the $1M mark, while PumpFun managed 18. At first glance, PumpFun still holds the lead, but the gap is narrowing fast. LetsBONK’s impressive performance suggests it’s not just a flash in the pan—it’s a serious contender in the meme coin launchpad race. This data comes from a deeper dive into Adam’s earlier post, where he compared the two platforms’ token launches and graduation rates over the past week.

For those new to this space, a “graduation” happens when a token meets certain trading thresholds, like hitting a specific market cap or volume. PumpFun has historically dominated with higher numbers—19,367 tokens launched and 138 graduated—but LetsBONK’s 7,714 launches with 71 graduations show a higher efficiency rate. That’s a sign of quality over quantity, and it’s catching attention.

Why This Matters for Meme Coin Fans

Meme coins are all about community hype and quick gains, and launchpads like LetsBONK and PumpFun are the engines driving this chaos on the Solana blockchain. LetsBONK, tied to the popular BONK token, is leveraging its brand to attract traders and developers. The fact that it’s closing in on PumpFun—despite the latter’s head start—hints at a shifting landscape. As BeInCrypto reported, PumpFun still leads in overall volume and user activity, but LetsBONK’s growth is undeniable.

This competition is great news for blockchain enthusiasts. More launchpads mean more innovation, better tools, and potentially lower fees or faster token deployments. Plus, with new players like Jup Studio entering the fray (as seen in Adam’s thread), the Solana meme coin ecosystem is heating up like never before.

What’s Next for LetsBONK and PumpFun?

The X thread sparked some lively reactions. @iwantlamboape noted that despite the focus on LetsBONK, PumpFun is still outperforming in raw numbers, while @defi_kay_ predicted the race is about to get “wild.” Adam even shared a Dune Analytics chart showing daily token deployments, suggesting the hype around new launchpads might be cooling off—but it’s too early to tell if that’s a trend or a blip.

For now, LetsBONK’s rise feels like a classic underdog story. With 10 $1M+ runners in a week, it’s proving it can compete with the big dogs. If this momentum continues, we might see a shake-up in the Solana meme coin launchpad market. Keep an eye on meme-insider.com for the latest updates as this story unfolds!

Final Thoughts

Whether you’re a trader, a developer, or just a meme coin fan, this battle between LetsBONK and PumpFun is one to watch. The data doesn’t lie, and the “dog” (a nod to BONK’s Shiba Inu roots) is definitely closing in. What do you think—will LetsBONK overtake PumpFun, or will the veteran hold its ground? Drop your thoughts in the comments, and let’s keep the conversation going!