BONK (BONK) traded near $0.00002279 on July 8 after LetsBONK captured about 62% of daily Solana token launches, overtaking Pump.fun. As of today, BONK’s market capitalization stood near $1.85 billion, with daily trading volume above $1.03 billion. The token’s volume-to-market-cap ratio stayed around 56%, showing active trading as its recent five-day uptrend faces near-term resistance.
BONK’s circulating supply remains near 80.56 trillion. The token’s steady supply burn keeps daily pressure on its available float when new fees are generated on LetsBONK.
LetsBONK Widens Daily Lead Over Pump.fun
Dune data shows LetsBONK now leads Solana’s token launch market. On July 7, LetsBONK’s share of daily token deployments reached about 62% versus Pump.fun’s 27.4%. LetsBONK issued 22,062 tokens that day, while Pump.fun deployed about 9,811.
Graduation data — tokens reaching the minimum market cap for decentralized trading — also shows a gap. LetsBONK captured about 75% of daily graduates on July 7, with Pump.fun at about 22%. In daily fees, LetsBONK collected over $1.16 million, compared to Pump.fun’s $471,000.
LetsBONK uses half of all launch fees to buy and burn BONK. On July 7, this meant more than $580,000 went into removing tokens. If daily launches stay above 20,000, BONK’s supply burn remains steady. Any drop in new launches could weaken this flow.
Can BONK Keep Climbing?
On 1-day price chart, BONK is trading inside its upward price channel, holding above its 20-day, 50-day, 100-day, and 200-day EMA. These EMAs cluster between $0.0000166 and $0.0000186 and now act as layered support if the BONK price drops.
BONK’s channel shows resistance near $0.000025 at the upper trendline. A stronger breakout could push BONK to test its previous April–May reversal zone near $0.000028–$0.00003. Recent daily volume dipped to about 1.05 trillion BONK, down from 1.32 trillion on July 7. It means that momentum has cooled slightly.
If the token loses the channel’s midline, the EMA cluster may provide the next technical support. As long as volume holds and LetsBONK’s launch figures remain strong, the channel structure stays valid.
Additionally, Pump.fun may see weaker daily share as new launch creators choose LetsBONK’s fee model. Dune data shows Pump.fun’s share of graduates and fees remains well behind, while smaller launchpads like Moonshot and Believe hold less than 7% combined.
This leaves LetsBONK in a position to keep daily burns active for BONK — but the token’s trend depends on steady launchpad activity.
