Bonk Overtakes $TRUMP to Become Solana’s Top Meme Coin

News Desk

Bonk (BONK), the dog-themed meme coin on the Solana blockchain, has surged to become the network’s largest meme coin by market capitalization, surpassing $TRUMP. As of July 7, 2025, BONK’s market cap reached $1.76 billion, edging out $TRUMP’s $1.72 billion and tying with $VET at $1.76 billion, according to SolanaFloor data. 

This milestone follows a 57.6% price rally over the past week, with BONK trading at approximately $0.00002326, up 10% in the last 24 hours. The surge is driven by heightened activity on LetsBonk.fun, a Solana-based meme coin launchpad that has overtaken Pump.fun in 24-hour bonded coin volume. 

LetsBonk.fun recorded $129 million more in trading volume than its rival, with 54% market share compared to Pump.fun’s 36%, as reported by Jupiter. The platform’s success, coupled with its fee structure—58% of fees are used to buy and burn BONK—has fueled token scarcity and price momentum. 

On July 6, LetsBonk.fun generated over $500,000 in daily fees, with half dedicated to BONK buybacks, per posts on X.BONK’s ecosystem is also expanding. The recently launched BONKbot, the largest Telegram-based trading bot by volume, generated $4.35 million in monthly fees, outpacing competitors. 

Additionally, a $200,000 hackathon concluded on July 6, with BESTCOIN winning $140,000, boosting community engagement and innovation. These developments have solidified BONK’s role as a central player in Solana’s meme coin space, now ranking as the fourth-largest meme coin globally, behind Dogecoin, Shiba Inu, and Pepe.


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