The battle of the same name begins, and the game between the two heroes of Meme launch pad is seen from $GLONK

The bull returns quickly, and the fastest return is the Meme sector.

Recently, there have been constant golden dogs on the chain, and it seems that the lively dog-beating mood has come back.

However, in the meme on the chain, unlike the previous round of Pump.fun, there are more Pump.fun challengers appearing in the current version, trying to shake its position as the overlord of the meme launch pad.

After all, it is a very delicious business to send memes every day to make money by handling fees. So you can see various launchpads appearing in recent times, and on their respective launchpads, there are Golden Dogs trying to attract limited attention in the stock market.

In this environment, two platforms have begun to issue Memes with the same name. For example, today, letsBONK.fun (hereinafter referred to as Bonk.fun) and Pump.fun have a token of the same name, $GLONK, and both platforms fully support their respective versions.

Bonk.fun is co-incubated by Raydium and the Bonk community, which provides technical support to Bonk.fun through its LaunchLab platform; while the Bonk community relies on the influence of its meme token $BONK to provide a basic platform for Bonk.fun.

This is obviously a strong contender for Pump.fun.

On the surface, this is a token battle, and players are betting on which Glonk will win; but in fact it is an infrastructure war in the Solana ecosystem, which not only concerns the market value and transaction volume of the tokens, but also the platform's technical strength, community support and development prospects.

More importantly, it is related to real platform income and interests.

Tokens are popularity and attention. High-end platform competition often appears in the form of horse racing at a certain token price.

Same currency battle, founder is facing each other

Judging from the current situation, $GLONK on Bonk.fun seems to be better.

As of press time, the market value of $GLONK of the Bonk.fun version was around $16.5 million, while the market value of $4.4 million on Pump.fun; the $GLONK of the Bonk.fun version is also a comprehensive leader in trading volume and liquidity.

Behind the price fluctuations of the $GLONK token is a fierce confrontation between the founders of Bonk.fun and Pump.fun.

Although there is no direct lineup, Bonk.fun's developers SolportTom (@SolportTom) and Pump.fun's Alon (@a1lon9) are both waving flags for their respective platforms.

Tom posted that everyone should support Bonk.fun; and 2 minutes later, Alon also posted a similar sentence pattern "SEND THE OG.", implying that Pump.fun is the old OG that launched Meme, and the point and hint are self-evident.

What's more exciting is that both parties gradually identify their intentions and name them, indicating that the $GLONK on their platform is the optimal solution.

Tom believes that the market has made a choice, and the price of GLONK tokens says it all, and directly @Alon:

“The tokens on Bonk.fun have a market capitalization of $3 million, while the one on Pump.fun is only $170,000, but someone posted that 'supported the OG version', which I think is low-level”.

Alon believes that the performance of prices does not tell the problem. Pump.fun has its own proud grassroots culture and community spirit; the rise in token prices on Bonk.fun is more like the behavior of a cabal.

This "war of words" had a significant impact on market sentiment. After Alon's "OG" remarks were released at 00:15, the market value of the Pump.fun version of $GLONK once rose from $7.8 million to $13.4 million, showing its role in promoting market sentiment in the short term.

However, the market value of the Bonk.fun version rebounded to $16.5 million in the following 10 hours, while the Pump.fun version dropped to $4.4 million, indicating that the market was ultimately more inclined to the Bonk.fun version.

Earlier, the official Pump.fun account blocked Bonk.fun's developer Tom, which also highlighted the tense competition.

At present, it is indeed $GLONK on Bonk.fun that won, but the victory of a single token may not fully explain the problem. The competitive advantages of each platform and the means to attract users are the key.

Join the vertical and horizontal lines, and attack the people after the

attack

Today's data shows that the number of graduation tokens on Raydium's LaunchLab (mainly the Bonk.fun launchpad) exceeded the number of graduation tokens on Pump.fun for the first time.

Although the former is still not as good as Pump.fun in terms of token creation, the higher graduation rate also reflects to a certain extent that attention and liquidity are gradually being eroded, and Pump.fun's dominance has indeed been impacted.

Two days ago, according to KOL @theunipcs, Bonk.fun developer Tom revealed some key data about LetsBONKfun when chatting with him:

• 6,911 tokens were created within 24 hours, with a fee of 2880.36 SOL (at the time price is approximately US$500,000);
• Since the launch of the platform, a total of 26,902 tokens have been created;
• The total fee incurred since its launch is $10,197.83 (nearly $2 million was generated in just two weeks of launch)

Behind the data, the growth of the platform is due to creators-centric incentives:

On May 4, 2025, the platform partnered with Raydium to provide 50,000 RAY airdrops to eligible Launchlab and LetsBonk.fun traders to increase user engagement.

On May 11, LetsBonk.fun announced that it will offer a $5,000 reward for five tokens that will “grow rapidly and continue to grow” over the next week.

On May 13, Tom added another $15,000 bonus to the best performing program next week.

This means that different takeaway platforms use subsidies to attract merchants and users.

There must be brave men under the reward. The platform will also share 10% of the liquidity pool (LP) fees with token creators after the migration. Various measures have also attracted FARTCOIN developers to deploy two tokens - FANGPI and BarkCoin on Bonk.fun; the market value of BarkCoin reached US$826,700 on May 13, bringing wider attention and participation to LetsBonk.fun.

The most interesting thing is to establish connections with the Chinese community.

Bonk.fun not only developed a series of tools to support the creation of tokens based on content on Chinese social media platforms with one click, but also incorporates narrative elements related to popular Chinese topics.

The ikun, who became popular on Bonk.fun yesterday, is one of the strong proofs. The Chinese meme of "You are so beautiful" began to spread out, and the market value of ikun once exceeded US$12 million.

Who will win if you die?

As two major players in the meme token launcher in the Solana ecosystem, these two platforms have conducted a comprehensive competition in terms of technical strength, community support and market performance.

Bonk.fun has risen rapidly with the support of the Raydium and Bonk communities, while Pump.fun is fighting back through technological innovation and a huge user base. We can take a look at the two companies' respective competitive advantages and highlights:

The process of creating Bonk.fun tokens is also very simple (only three steps: click "Create tokens", enter information, and set circulation), which lowers the user threshold, and Raydium's CPMM pool provides higher liquidity support for its tokens; in addition, Bonk.fun enhances community stickiness through the revenue feedback mechanism (35% used for $BONK repurchase and destruction), attracting a large number of users who are interested in the Bonk ecosystem.

As a market leader, Pump.fun has also been consolidating its position through innovation in recent years.

In March 2025, Pump.fun launched the PumpSwap platform, providing instant free token migration (previously required 6 SOL) and supporting cross-chain token trading (such as Aptos' APT).

In early May 2025, Pump.fun introduced a creator revenue sharing mechanism (0.05% trading volume sharing) to try to solve the "pump-and-dump" problem by incentivizing creators. Despite temporarily lagging behind in the $GLONK battle, Pump.fun is still the more stable on the throne with a huge user base (peak daily active address of 107,000) and cumulative revenue of $150 million.

If Bonk.fun wants to truly shake Pump.fun's position, it needs to further expand its user base and technological innovation, while Pump.fun needs to solve the trust crisis caused by community stickiness and historical negative events (such as employee theft incident in 2024).

On the other end, for on-chain players, competition on the platform is more like a bonus.

Different platforms will inevitably create their own wealth effect. Whether it is a conspiracy or a community, the probability of a gold dog will become higher; compared with a lifeless market, it is better to have a gold dog than not, and you will have a pure and tiring position and have the expectation of harvest.

At the same time, in order to attract users, the platform will inevitably launch more favorable rules or incentive plans, which can be considered a kind of hair rubbing on Meme.

However, the emergence of multiple platforms has also made the Trench, which is already extremely intense with PVP, appear more crowded, the token life cycle is shorter, and the pace of rushing for entry is faster, which has put forward more requirements for energy and monitoring.

Chaos is the ladder to rise, and there are always young people who benefit from version changes.