On July 6, the "Battle of the Hundred Teams" on Solana's on-chain Launchpad finally reached a milestone victory. On-chain data shows that LetsBonk.fun has overtaken Pump.fun comprehensively in three core metrics: market share, trading volume, and token issuance quantity, establishing a new phase of the platform's landscape.

However, the news of Pump.fun's token issuance quickly caused a risk-off sentiment in the market, leading to a brief outflow of funds from the Bonk ecosystem. The platform's flagship token, $USELESS, experienced a temporary drop of over 30%. Nevertheless, the market sentiment quickly recovered, and the next day $USELESS staged a strong comeback of over 50%, surpassing a market cap of 3 billion USD, reaching a new milestone high. This reflects the community's high consensus on its narrative and continued confidence in the Bonk ecosystem.

The Magic of $USELESS

"If you missed $PEPE, missed $FARTCOIN, then this time, you'd better take a serious look at $USELESS." This is the asset that Bonk Guy has recommended in lengthy posts multiple times and heavily invested in. Its narrative lies in using the phrase "Crypto is useless," a mockery from mainstream elites such as Bill Gates and Jamie Dimon, to reverse-build a self-deprecating, useless yet highly viral meme narrative system.

This is a token that needs no disguise: it does not claim to be a Layer1, AI, or RWA token, but directly informs all traders that the token is useless. The more it rises, the more "useless" it becomes, and the more "useless" it rises. When the news media headlines read, "$USELESS Market Cap Surpasses 1 Billion USD," it becomes the strongest advertisement.

Related Reading: "From Silence to Breaking the Circle, What High-Quality Assets are on Letsbonk.fun?"

And Bonk Guy's track record is also confirming this: the $USELESS he invested $600k in has now gained nearly $8.1 million, close to a 14x return.

Bonk Resilience: From Mechanism Design to Founder Backing

Following the Pump.fun token launch announcement causing a short-term sell-off, the Bonk ecosystem did not collapse but instead demonstrated strong resilience. In addition to $USELESS, other ecosystem tokens have also seen strong rebounds — $KORI skyrocketed by 87% in 24 hours, hitting a new high; $IKUN bounced back by 23%; $CRYBB surged by 32%.

Bonk was able to swiftly alleviate market risk-off sentiment in a short period, not only due to advantages in mechanism design but also thanks to the founder's sincerity and long-term vision.

This rapid recovery is closely related to the platform's operational logic. The key difference between LetsBonk.fun and Pump.fun lies in their value distribution model: Pump.fun tends to cash out high transaction fees, with most of the SOL profits flowing directly to the project team; whereas LetsBonk.fun allocates 50% of the platform fees to buy back and burn $BONK, with an additional 8% going into strategic reserves and community incentive programs, forming a healthy value cycle.

More importantly, Bonkguy provided substantial backing to the entire ecosystem. He had invested millions of dollars in eco tokens such as $USELESS and $IKUN in his public wallet, holding firm even when they experienced an 80% pullback. Despite now having millions of dollars in unrealized profits on paper, he has not cashed out. In the fiercely competitive and sentiment-driven Solana environment, this rare long-term approach greatly boosted community confidence and earned the Bonk ecosystem genuine trust dividends.

Related Read: "Comprehensively Suppressing Pump.fun, What Has LetsBonk Done Recently?"

Conclusion

Pump.fun plans to launch its token with a $40 billion valuation, while Bonk's current market cap is only about $17 billion. The market generally believes that Bonk is undervalued, while Pump has been frequently questioned due to mechanism controversies, with sentiment clearly favoring the former.

However, the final outcome still depends on Pump's market performance after the token launch. Whether the valuation is reasonable, whether the story can hold up, it will ultimately depend on the genuine willingness of capital and users to support it. The outcome is still uncertain.

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