Ricky Gervais’ Glonk Becoming a Memecoin Shows Pump.fun’s Dominance Slipping

An ugly (or is it cute?) green lizard named Glonk is showing how pump.fun’s once absolute dominance of the Solana memecoin trade is slipping. As recently as April 24, pump.fun’s market share of tokens deployed was almost 99%. This week, that dominance slipped down to near 60% as competing launchpads continue to gain traction. Raydium’s LaunchLabs and Bonk’s Let’s BONK, which both launched in the second half of April, were neck and neck with about 7% market share last week. But as of this week, Let’s BONK gained as high as 30% market share on Monday, May 12, holding steady between 16-20% for the rest of the week. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant