As top memecoins like DOGE and PEPE lose steam, BONK is flipping the script with a massive 70% surge in just one week. Far from being just another meme, BONK’s rise is fueled by real ecosystem traction, growing institutional interest, and a deflationary token model. The LetsBONK platform has already overtaken Pump.fun, and a 2x leveraged BONK ETF could debut as early as this month. After months of quiet, BONK is back — louder, faster, and ready to lead the next memecoin rally heading into H2 2025.
Bonk Overview
Bonk (BONK) is one of the OG memecoins that rose from the ashes of Solana’s 2022 bottom. Between 2023 and 2024, BONK surged hundreds of times in value, emerging as a flagship token of Solana’s memecoin revival. After hitting a two-month low on June 22, BONK exploded with a 70%+ rally in just seven days, outperforming much of the crypto market.
Source: Trading View
Recently, the BONK community celebrated a major milestone—1 million holders. To mark the occasion, the project announced the burn of 1 trillion BONK tokens, worth around $22 million. This move not only adds deflationary pressure but also signals BONK’s ongoing commitment to price-positive tokenomics and long-term community incentives.
What’s Fueling the Rally: Key Catalysts Behind BONK’s Price Action
The Rapid Rise of LetsBONK: A Game Changer for Solana Memecoins
Source: LetsBONK
The memecoin landscape on Solana is undergoing a major shift as LetsBONK, a relatively new launchpad that debuted in late April 2025, has unexpectedly overtaken Pump.fun — the platform that previously dominated the space since the start of the year. On July 7th alone, LetsBONK reported a record-breaking revenue of $1.23 million, more than double Pump.fun’s $520,000, according to data from DefiLlama. That same day, it captured 61% of the token launch market share, with over 22,000 memecoins launched — vastly outpacing Pump.fun’s fewer than 10,000, based on Dune Analytics.
Beyond the sheer volume of launches, LetsBONK also led in liquidity, recording $553 million in 24-hour trading volume compared to Pump.fun’s $352 million. Standout projects like SAVIOUR, launched via LetsBONK, quickly reached a market cap of $64.63 million, reflecting growing investor confidence and strong capital inflows.)
What truly sets LetsBONK apart is not just its user-friendly interface or the integration with Raydium’s LaunchLab, which simplifies token creation, but also its well-crafted tokenomics. 50% of platform fees are used to buy and burn BONK, while the rest supports BONKsol (liquid staking) and broader ecosystem initiatives. To date, over $5.3 million has been spent on BONK buybacks — a mechanism that not only enhances scarcity but also strengthens long-term belief in BONK’s value.
Cumulative Revenue in SOL Generated by LetsBONK- Source: Bonk_inu
The rise of LetsBONK is a clear testament to the market’s shift away from momentum-driven platforms toward ecosystems built on long-term strategies, sustainability, and real value creation. Amid a broader memecoin market correction LetsBONK has emerged as the brightest magnet for fresh capital flowing into the Solana ecosystem.
BONK 2x Leveraged ETF Set to Launch: A Gateway for New Capital Inflows
Tuttle Capital Management has officially filed for the launch of a 2x leveraged ETF for BONK, with the earliest potential approval date set for July 16, according to the latest amended filing. The proposed ETF is part of a broader lineup of leveraged products — including offerings tied to Trump, Melania, and XRP — designed to enhance digital asset exposure for traditional investors.
This development marks a notable step forward in bridging BONK, Solana’s leading memecoin, with institutional capital. If approved, the ETF could not only improve liquidity but also act as a new catalyst for BONK’s price growth, especially as the ecosystem sees rising momentum from the LetsBONK platform and growing community anticipation around a major token burn.
The ETF news has already sparked con
