LetsBonk’s Momentum Plummets: From Challenger to Near-Irrelevance

LetsBonk, once a serious contender in the Solana memecoin launchpad space, has witnessed a dramatic decline in its fortunes. According to Dune Analytics data, LetsBonk only graduated just five tokens within the past 24 hours, a stark contrast to its rival Pump.fun which saw over 170 token launches during the same period. This sharp fall from grace indicates a significant loss of momentum for LetsBonk, who just months ago boasted a market share of over 70%.