BONK price slid sharply as Pump.fun reclaimed Solana launchpad dominance, cutting BONK_fun’s volume and market share; traders see waning conviction and liquidity outflows, while developers plan fixes to stabilise liquidity and engagement.
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BONK price fell ~13% in the month after an 80% July surge, indicating a shift from FOMO to profit-taking.
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Pump.fun led 24‑hour volume at $100.7M on 6 August versus BONK_fun’s $70.6M, launching more tokens and triggering buybacks.
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Bonk_fun rolled out a Points Tab to boost engagement, but Pump.fun still controls ~90% of Solana memecoin launchpad volume.
BONK price falls as Pump.fun reclaims Solana launchpad dominance — read analysis, charts, developer response, and what traders should watch next. Read expert insights now.
What happened to BONK price and market structure?
BONK price dropped roughly 13% over the month after an 80% surge in July, erasing recent gains and forming a fourth consecutive lower low. The move reflects declining buyer conviction, thin bullish pressure and a liquidity shift toward competing launchpads.
How large was the recent BONK move and what technical signals emerged?
BONK spiked to $0.000040 in July then retraced to $0.000020, registering a 50% down move in under a month. RSI topped out at overbought levels before a classic reset; however, lack of meaningful accumulation and repeated lower lows kept the structure bearish.
Source: TradingView (BONK/USDT)
Why did Pump.fun reclaim dominance and how did this affect BONK?
Pump.fun out-rotated Bonk_fun on token drops and volume. On 6 August Pump.fun recorded $100.7M in 24‑hour volume versus BONK_fun’s $70.6M, launched more tokens (16,000 vs 11,400) and executed a $33M buyback that sparked a 20% pop. Market share concentration shifted toward Pump.fun, drawing liquidity away from BONK.
Source: SolanaFloor
What are Bonk_fun’s countermeasures and are they working?
Bonk_fun introduced a Points Tab to incentivise trader engagement and reward token drops. The feature aims to restore volume and counter Pump.fun’s buyback-driven spikes. Early rollout has not materially changed market structure; Pump.fun still controls the majority of launchpad liquidity.
Frequently Asked Questions
Is BONK a buy after the recent dip?
BNOK is not an automatic buy-on-dip: the drop reflects reduced liquidity and multiple lower lows, indicating the trend remains bearish until clear accumulation appears or market structure reverses.
How did Pump.fun gain such a market share advantage?
Pump.fun increased token drops, executed a large $33M buyback and posted higher 24‑hour volumes and launch counts, attracting speculative flows and concentrating Solana memecoin launchpad liquidity.
Key Takeaways
- Market shift: BONK lost momentum after a July spike and formed multiple lower lows, leaving the structure bearish.
- Launchpad dominance: Pump.fun reclaimed volume leadership with buybacks and higher token-drop counts.
- Developer response: Bonk_fun’s Points Tab aims to boost engagement, but results are not yet decisive.
Conclusion
BONK price weakness reflects a broader liquidity rotation on Solana’s launchpad ecosystem rather than a simple technical correction. Pump.fun’s buybacks and higher token output shifted market share, forcing Bonk_fun to introduce engagement tools. Traders should prioritise market‑structure confirmation and monitor official developer updates from COINOTAG and on‑chain activity before changing exposure.
