The emergence of new coin issuance platforms in the Solana ecosystem is reshaping the meme token issuance landscape.

Recently, the token issuance sector within the Solana ecosystem has quietly undergone changes. A new platform called LetsBONK.fun is gradually replacing the former leader Pump.fun, becoming the new favorite among community users. What story lies behind this transformation? Let's find out.

The Former King: From Glory to Controversy

In the past year, a well-known platform has been the hottest Meme token issuance platform on Solana. It is easy to operate, allowing token issuance to be completed in just a few steps, attracting a large number of creators and speculators. At its peak, the platform could launch tens of thousands of Meme projects every day, generating substantial revenue.

However, as time goes by, problems gradually emerge:

1. The platform's cumulative revenue exceeds $700 million, but user returns are minimal. Data shows that less than 5% of users can earn over $1,000.
2. The platform has not effectively supported project growth and has not made substantial contributions to the community or ecosystem.
3. The platform announced the issuance of its own Token, valued at up to 4 billion USD.

In short, the platform profits significantly, while users have become mere "accompanying tools."

Rising Stars: Co-building Concepts Lead the Trend

In April 2025, a new coin issuance platform led by the Meme coin BONK community, LetsBONK.fun, was born. Its performance is refreshing:

• On the first day of launch, it attracted 800,000 users to participate and issued 2,700 tokens.
• The trading volume exceeded $300 million within 24 hours.
• To date, over 180,000 tokens have been issued through the platform, far exceeding similar platforms.

The most notable feature is that the platform does not simply harvest users, but instead returns the income to the ecosystem.

The Real "Co-Building Platform": Transparency in Revenue Distribution

Taking the on-chain distribution data as of July 7, 2025 (total revenue 68,768 SOL):

• 10% for ecological incentives
• 20% for BONK repurchase
• 20% for BONK/SOL liquidity
• 25% for the development team
• 25% for community fund

Win-Win for Platforms and Meme Projects: Substantive Support

LetsBONK.fun not only assists projects in launching but also provides substantial financial support. Taking $USELESS as an example:

• The platform directly purchases $USELESS from the market to establish a treasury for the project.
• Use this asset to help the project apply for listing on well-known exchanges.
• According to statistics, this initiative has invested over $600,000.

In the Meme sector, such strong support is rare.

Users Vote with Their Feet: New Platform is Fully Ahead

The latest data as of July 2025 shows:

• The token issuance of LetsBONK.fun reached 15,600, surpassing the 11,500 of a certain established platform.
• LetsBONK market share is 51%, while a certain established platform has decreased to 39.9%.
• Leading in terms of the number of popular projects, active users, daily trading volume, and more.

This leadership is not simply based on speculation, but rather reflects a new generation of issue coin models that combine community, functionality, and narrative.

Reasons Users Prefer New Platforms

LetsBONK.fun conveys a new concept:

1. Users are not lambs to the slaughter, but co-builders.
2. The project is not for short-term speculation, but for long-term development.
3. Participation is not just about "dreaming", but also about "doing".

This is why so many users are flocking to this platform. They are not just here for token issuance, but to find an ecosystem where they can "participate long-term and develop deeply."