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Pump.fun’s token debuted with a $1.97 billion market cap, entering the top 65 cryptocurrencies. Despite a $600 million ICO sellout, it trails Solana meme coin BONK in market dominance. The rivalry highlights the growing competition in Solana-based launchpads.
- Pump.fun's token debuted at a $1.97B market cap after a $600M ICO, but trails BONK ($2.23B) in Solana's launchpad rivalry.
- LetsBonk, BONK's launchpad, has outperformed Pump.fun in daily token creations, leveraging Raydium's LaunchLab infrastructure.
- Speculation mounts over a Pump.fun airdrop, with 24% of token supply allocated to community initiatives and a 47.7% chance predicted by July.
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