Pump.fun’s Reign Over Meme Coins Is Under Siege: New Competitors Emerge

The meme coin market is seeing a shake-up as challengers emerge, posing a threat to the dominant platform, Pump.fun. Data reveals that LaunchLab, with its token launch platform, and letsBONK.fun are pushing the boundaries by gaining traction in user engagement and market share. This shift in dynamics has been highlighted by the recent competition for Glonk, a meme coin inspired by comedian Ricky Gervais’ character, which saw both platforms launching simultaneously on their own channels.