The bull market is coming back quickly, and the fastest return department is the meme department.

Recently, Golden Dog has become popular on this chain, and it seems that the enthusiasm for beating dogs has made a comeback.

The bull market is back quickly, and the area with the fastest recovery is the meme department.

Recently, Golden Dog has become popular on this chain, and it seems that the enthusiasm for beating dogs has made a comeback.

However, in the memes on chain, FUN is no longer the only overlord compared to the previous round, and now there are more challengers to pump.

After all, making money from transaction fees by posting memes every day is a very profitable business. So you can see the recent surge of various launch pads, each with Golden Dog trying to attract limited attention from the market.

In this environment, both platforms start publishing memes with the same name. For example, nowadays, a token named $glonk appears on both letsbonk.fun (hereinafter referred to as bonk.fun) and pump.fun, both platforms fully support their respective versions.

Bonk.Fun is co-incubated by Raydium and the Bonk community. Raydium provides technical support to Bonk.Fun through its launch line platform; while the Bonk community relies on its Meme Token $Bonk influence to provide a basic foundation for Bonk.Fun.

Obviously, this is a strong competitor.

On the surface, this is a token battle, and players bet on players who will win Glonk. But in reality, this is the infrastructure war for the Solana ecosystem, which not only involves the platform's technical strength, community support and development prospects, but also the real platform revenue and benefits.

Tokens represent popularity and attention. Competition between high-end platforms usually occurs in the form of horse racing at the price of some kind of token.

The same currency competes with the founders of the sky

Judging from the current situation, $Glonk on Bonk.Fun seems to have a more dominant position.

As of press time, the Bonk.Fun version of $Glonk has a market value of about $16.5 million, while the Pump.Fun market value is $4.4 million; the Bonk.Fun version of $glonk is also leading in terms of trading volume and liquidity.

Behind the price fluctuations of $Glonk tokens is a fierce confrontation between the founders of Bonk.Fun and Pump.Fun.

Although there is no direct confrontation, both Bonk.Fun developers Solporttom (@SolportTom) and Pump.Fun's Alon (@a1lon9) support their respective platforms.

Tom posted that everyone should support bonk.fun; 2 minutes later, Alon also posted a similar sentence "send OG". The direction and meaning are self-evident.

Even more exciting is that both parties gradually make their intentions clear and name each other, calling $Glonk on their own platform the best solution.

Tom believes that the market has made a choice, and the price of Glonk tokens is whispering to himself. He @Alon:

“The tokens on Bonk.fun have a market cap of $3 billion, while the pump has a market cap of $170,000, but someone has released something saying 'supported the OG version', which I think is very low-level.”

Alon believes that price performance does not explain the problem. pump.fun has its own proud grassroots culture and community spirit; the rise in Bonk's token price is more like a cabal.

This "verbal war" has had a significant impact on market sentiment. After Alon's "OG" speech was released at 00:15, the market value of the pump $Glonk's market value rose from $7.8 million to $13.4 million, showing its short-term enhancement to market sentiment.

However, the market value of the Bonk.Fun version rebounded to $16.5 million in the next 10 hours, while the pump was in progress. The Fun version dropped to $4.4 million, indicating that the market ultimately favored the Bonk.Fun version.

Earlier, Fump.Fun’s official account blocked Bonk.Fun’s developer Tom, which also underscores the tense competition situation.

Currently, it seems that $Glonk on bonk.fun does win, but the win of a single token may not fully explain the problem. The competitive advantage of each platform and the means to attract users are key.

Make an alliance and fight back

Today's data suggests that the graduation token (mainly Bonk.Fun launches on Raydium's startup list

The above is the detailed content of The bull market is coming back quickly, and the fastest return department is the meme department.. For more information, please follow other related articles on the PHP Chinese website!