# Bonk jumps 10% as LetsBonk overtakes Pump.fun in Solana mint market

**Published:** 2026-07-04T01:34:02.283Z  
**Topic:** Bonk  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/ca34c461-d4f1-471d-9f3d-585db163de4a

Bonk (+10% 24h) hits $0.000040 resistance; LetsBonk now holds 64% of Solana token‑mint volume, driving fees and burns that could lift price 50% toward its

Bonk (BONK) rose 10% in the last 24 hours, pushing the token toward the $0.000040 resistance that caps its recent rally from $0.000022 – a move that could trigger a bullish breakout if confirmed on volume [1].

| At a glance | |
|---|---|
| Price (24h) | +10% |
| 30‑day gain | +158% |
| Key level | $0.000040 resistance |
| Catalyst | LetsBonk’s market‑share surge to 64% of Solana mint volume |

## What drove the move  
LetsBonk, the meme‑coin launchpad that launched in April, now commands more than 64% of Solana’s token‑minting volume, eclipsing Pump.fun’s share, which fell from a record 90% to just 24% [1]. The platform generated over $30 million in fees in July alone, with fee revenue up 215% month‑over‑month when expressed in SOL [1]. Half of those proceeds are used to buy BONK at market price and burn it, translating to roughly $25 million of BONK removed each month—about 1% of the circulating supply every 30 days [1]. This supply contraction, combined with heightened on‑chain activity, underpins the recent price surge.

## Competitive landscape and tokenomics  
The shift in minting dominance has also hurt Pump.fun’s native token, $PUMP, which slid 51.8% over the past 30 days—a stark contrast to BONK’s 158% gain in the same period [1]. BONK’s market cap sits at $2.85 billion, and the token is still 38% below its all‑time high of $0.00005916 recorded in November 2024 [1]. The 4‑hour chart now shows a bullish flag pattern; a breakout above $0.000040 with strong volume could replicate the prior rally’s 90% gain, though a more conservative 50% target would place BONK near $0.000057, just shy of its record level [1].

## What to watch  
- **Price breakouts:** Monitor $0.000040 for a confirmed bullish breakout; a move above this level could open the path to $0.000057.  
- **Burn schedule:** Approximately $25 million of BONK is burned each month; a sustained burn rate of ~1% of circulating supply would continue to tighten scarcity.  
- **Mint market share:** Track LetsBonk’s share of Solana token‑minting volume; a further rise could amplify fee revenue and burn pressure on BONK.

The price action reflects both a technical consolidation and a fundamental shift toward a more deflationary token model, leaving the next few weeks critical for whether BONK can reclaim its November 2024 peak.

## Sources
1. Fxempire — [Bonk Price News: BONK Could Rise by 50% as LetsBonk Overthrows Pump.fun | FXEmpire](https://www.fxempire.com/forecasts/article/bonk-price-news-bonk-could-rise-by-50-as-letsbonk-overthrows-pump-fun-1536172)
2. CoinGecko — [Bonk Price: BONK/USD Live Price Chart, Market Cap & News Today | CoinGecko](https://www.coingecko.com/en/coins/bonk)

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Cite as: TrendWatcher, "Bonk jumps 10% as LetsBonk overtakes Pump.fun in Solana mint market", https://www.trendwatcher.in/article/ca34c461-d4f1-471d-9f3d-585db163de4a