Solana-based memecoin launchpad LetsBONK has overtaken its rival Pump.fun in both daily memecoin trading volume and the number of token launches, marking the first time Pump.fun has lost its leading position on Solana since its launch in January 2024.

Pseudonymous Dune dashboard creator @Adam_Tehc first highlighted the development in a Sunday X post. 

The latest data from Adam’s “Memecoin Wars” dashboard shows that LetsBONK had 17,585 tokens launched in the last 24 hours, as compared to Pump.fun’s 9,783 tokens launched.

This story is an excerpt from the Unchained Daily newsletter.

Jupiter’s dashboard tracking memecoin market share shows that LetsBONK now commands 54% market share with $535 million in daily volume. Still, the platform’s $33 million in liquidity is a far cry from Pump.fun’s $440 million.

“Still a long road ahead to make sure this is a daily occurrence, but the battle is on,” wrote LetsBONK’s founder Tom on X.