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A power shift is underway in Solana’s hyperactive memecoin market. For the first time since early 2024, Pump.fun—once the undisputed king of meme launches—has been dethroned. Rising star LetsBonkFun, backed by the BONK community, has surged past Pump.fun across multiple metrics: token launches, platform revenue, and market share. With over 19,000 tokens launched in 24 hours and a growing share of ecosystem value, the platform is no longer just a competitor—it’s a credible contender to lead Solana’s next meme-coin cycle.

A power shift is underway in Solana’s hyperactive memecoin market. For the first time since early 2024, Pump.fun—once the undisputed king of meme launches—has been dethroned. Rising star LetsBonkFun, backed by the BONK community, has surged past Pump.fun across multiple metrics: token launches, platform revenue, and market share. With over 19,000 tokens launched in 24 hours and a growing share of ecosystem value, the platform is no longer just a competitor—it’s a credible contender to lead Solana’s next meme-coin cycle.

Solana Labs CEO Anatoly Yakovenko has stirred controversy after labeling non-fungible tokens (NFTs) and memecoins as “digital slop.” The comment came during an ongoing debate over the value of digital assets and has prompted sharp reactions across the crypto community.

Solana Labs the release of Saga, its flagship Android phone, on Tuesday. Per Solana Labs, the smartphone has been designed to bring blockchain technology to users worldwide and is now available for purchase and shipping to several countries, including the U.S., Canada, EU, United Kingdom, Switzerland, Australia, and New Zealand. Solana Lab’s official Twitter account tweeted:

Pump.fun’s long-standing dominance over the Solana memecoin market is facing its first serious challenge, with new on-chain data showing its market share has fallen below 60% for the first time.

The analytical platform Glassnode highlighted that TRON (TRX) has received strong support in the range of $0.26 to $0.27. More than 14 billion TRX were accumulated at this level, making it the most concentrated investor range.

Solana’s memecoin community is captivated as its two largest launchpads, Pump.fun and LetsBonk.fun, collide in a battle for supremacy, with Pump.fun narrowly reclaiming its top spot for daily token launches.

Solana currently trades at $147.61 after experiencing mixed price action across multiple timeframes. The cryptocurrency has declined 1.4% in the past 24 hours and suffered a 10% loss over the past two weeks.

Solana Labs co-founder Anatoly Yakovenko has criticized Cardano founder Charles Hoskinson’s proposal to convert portions of the Cardano treasury into Bitcoin and stablecoins. He called the strategy “so dumb” and questioned why projects would hold on behalf of token holders.

The rivalry between Solana and Ethereum continues to grow as both projects fight for users, developers, and investment. Arthur Hayes, co-founder of BitMEX,perspective on where each network stands and what challenges lie ahead.

Solana Labs the release of Saga, its flagship Android phone, on Tuesday. Per Solana Labs, the smartphone has been designed to bring blockchain technology to users worldwide and is now available for purchase and shipping to several countries, including the U.S., Canada, EU, United Kingdom, Switzerland, Australia, and New Zealand. Solana Lab’s official Twitter account tweeted:

Pantera Capital is orchestrating one of the largest single institutional bids for Solana to date, with sources reporting that founder Dan Morehead is leading a capital raise of up to $1.25 billion.

Solana Labs the release of Saga, its flagship Android phone, on Tuesday. Per Solana Labs, the smartphone has been designed to bring blockchain technology to users worldwide and is now available for purchase and shipping to several countries, including the U.S., Canada, EU, United Kingdom, Switzerland, Australia, and New Zealand. Solana Lab’s official Twitter account tweeted:

The crypto market is showing strong bullish momentum, with Bitcoin leading the charge and altcoins preparing for their next leg up. After a series of consolidation phases, many digital assets are coiling.

Solana’s decentralized application (dApp) ecosystem reached new heights in November 2024, with to unprecedented levels. The blockchain itself generated $92 million, while Solana-based dApps achieved an all-time high of $365 million. This explosive growth highlights the increasing adoption and profitability of Solana’s ecosystem.

Solana’s memecoin community is captivated as its two largest launchpads, Pump.fun and LetsBonk.fun, collide in a battle for supremacy, with Pump.fun narrowly reclaiming its top spot for daily token launches.

Austin Federa, a strategist at the Solana Foundation, recently offered insights into Solana’s future on a video shared by .

CryptoDiffer

Several warning signs are emerging for Solana (SOL), as a combination of on-chain whale behavior, regulatory headwinds, and a bearish technical setup create a cautious short-term outlook for the asset. The developments come after SOL has already experienced a notable price pullback.

Solana recently reached a key milestone, reaching 100,000 transactions per second (TPS), to CoinMarketCap. The result, achieved during stress testing, asserts Solana’s claim as one of the fastest in the industry.