LetsBonk.fun
Last changed 2026-10-15 · Correction — Fact-check correction applied (the reviewer found the claim link rot): "Citation for the August 20, 2025 graduation-rate-collapse timeline entry: datawallet.com article." Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -12.4 |
| Incidents it suffered (e.g. hacks) | -10 |
| Problems around it, caused by others | -2.6 |
| Long-running | +2 |
| Regulated | +5 |
| Sum | 47 |
- 1 section set aside: the claims did not hold up in a fact-check, pending correction.
Score: 57/100 (kept between 0 and 100)
How scoring works →Summary
LetsBonk.fun, later rebranded as Bonk.fun, is a Solana-based memecoin launchpad launched on April 25, 2025 by the BONK community in partnership with Raydium Protocol. The platform rose to capture over 78% of Solana launchpad market share at its mid-2025 peak before experiencing steep decline, and suffered a domain hijack and wallet-drainer attack in March 2026. The platform's permissionless token creation model, built-in multi-wallet bundler tooling, and community reports alleging the platform hosted 'KOL-backed bundled scams' present elevated risk for retail investors.
Connected Entities
4 entities · 60 linked investigations- Bonk→mentioned with→Solana(80%)
- LetsBonk.fun→mentioned with→Solana(80%)
- Raydium Protocol→mentioned with→Solana(80%)
- LetsBonk.fun→mentioned with→Bonk(70%)
- LetsBonk.fun→mentioned with→Raydium Protocol(80%)
Connected Through
3 shared actors · 337 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Solanaorganization
- □Bonkorganization
- ⌂Raydium Protocolprotocol
Timeline(12 events)
25 April 2025
LetsBonk.fun officially launched on Solana as a collaboration between the BONK community and Raydium Protocol.
Flipster Blog / CoinGecko8 July 2025
LetsBonk.fun captures 65.9% of Solana token launches in a single day, surpassing Pump.fun for the first time. Daily revenue surges to over $1.1 million.
StepData Substack9 July 2025
LetsBonk.fun (Bonk.fun) records $199 million in daily trading volume, reported by CoinDesk.
CoinDesk25 July 2025
LetsBonk.fun peaks at approximately 84% of Solana launchpad market share, with Pump.fun falling to roughly 12%.
AInvest20 August 2025
LetsBonk.fun token graduation rate collapses to approximately 5 tokens per day, down from a peak of 200-300. Platform market share falls sharply as Pump.fun rebounds.
Bonk Coin and LetsBonk Explained — DataWalletOctober 2025
America.Fun launches as a special projects arm of BONK in partnership with WLFI and Raydium, expanding the broader BONK ecosystem.
Crypto Daily31 December 2025
By year-end 2025, LetsBonk.fun market share falls to approximately 7%, with monthly revenue at $84,000 versus Pump.fun's $720,000.
MEXC News / CryptoTimes
4 January 2026
LetsBonk.fun reports a 600% revenue surge over January 3-4, with single-day fees peaking at $352,793.
KuCoin Blog14 January 2026
Bonk.fun slashes creator fees to 0% in a competitive fee war with Pump.fun.
CryptoNews12 March 2026
Bonk.fun (formerly LetsBonk.fun) suffers a domain hijack via a compromised team account. Attackers deploy a wallet drainer behind a fake Terms of Service prompt. Founder 'Tom' warns users on X to avoid the domain.
CryptoTimes / CryptoRankMarch 2026
CryptoRugMunch posts on X alleging that the Bonk launchpad 'pivoted from community growth to hosting a cesspool of KOL-backed bundled scams' (low-confidence, single social media source).
X / CryptoRugMunch12 June 2026
LETSBONK token daily trading volume reported at approximately $47,000, reflecting sustained decline from 2025 peaks.
CoinMarketCap AI / CoinGecko dataDecision Log
- slot 457327431 · hash HaTM6erPoFaUVeKgtx4gWm6ddFvJ1rGhi9888iGeTC3j
- slot 457327283 · hash HJgc4FVccJ3dndGo11BWjtB9WzDFVmueCgAHkwJD4PWh
- slot 457321495 · hash EaEVZ3FJdUycg1FUT1bhDvyR3DjsU7tZ4H9MKYKicYEV
- slot 457293817 · hash J35fHAmLVh9VDNZKudu91EChUUs5DNLE9irx46AV9Qcg
- slot 457293673 · hash FVJncFJ7AkXrVrvaRzBa79yLRu9S4PZxLYy57pgRhNyR
- slot 457293668 · hash CW93R7B3jDb1grXFfEbGh7hpEYY953hU67rcqk34fRyT
- slot 457293528 · hash 4fCMMvvY8zmJsK37g5xzkDr47FsNZtxbwusFiYbATeTe
- slot 455368431 · hash GRAFGHWjidS61zWEppzYQDDpSfsNKTy7XWW6h37GXqD1
- slot 445505651 · hash GsTXzXHtTCxPnZBsxkBi9N1CWqEietTuXUq7YebBK4h7
- slot 443512804 · hash EXfkcymcCgbtyDRqC2oDeMW7roP352rW3Tjd236xHwj6
- slot 443512799 · hash 5nLK8pf2QFtgPWwmU15USPd9ttFcLREg3csVBKfMo8FL
- slot 426513753 · hash B4Pw1hJJioAZMqwBMP5aYcJXXqHecyjKx7T6MfVZXcsv
This investigation is cryptographically anchored to the Solana blockchain (12 decisions). 21 of 23 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 6/14/2026, 11:12:34 PM
last updated: 10/15/2026, 5:51:37 PM
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