As of July 8, 2025, the number of BONK holders has reached 949,892, just one step away from the million milestone. When the number of holding addresses surpasses one million, the BONK community will launch a significant initiative: to burn 1 trillion BONK, worth approximately $22.81 million.
This burn plan is widely regarded as a strategy to strengthen the scarcity of the token, and it quickly ignited market trading enthusiasm. The price of BONK surged 14.49% within 24 hours, with a circulating market value exceeding 1.772 billion dollars, becoming Solana One of the most representative community tokens on the chain.
Milestone countdown, the number of holding coin addresses will exceed one million
The BONK community announced that the number of holding addresses has reached 949,892, and the critical point of 1 million is just around the corner. Behind this number is BONK’s deep penetration into the Solana ecosystem. Since its launch in December 2022, it has evolved from a simple meme coin into a carrier of ecological value.
After reaching one million holding addresses, the community will carry out a destruction operation of 1 trillion BONK, which is valued at 22.81 million USD at the current price. Such a destruction mechanism directly affects the circulation of tokens, often forming strong support for price increases when demand remains stable.
The market reacted quickly, with BONK’s 24-hour trading volume surging and the number of holding addresses showing a steep upward curve.
LetsBonk rises, daily data completely surpasses Pump.fun
On July 7, LetsBonk surpassed Pump.fun in three core metrics: daily token issuance, number of graduated tokens, and trading volume. Data shows that the platform’s daily token issuance reached 15,600 times, with market share soaring to 49.80%, while Pump.fun dropped to 40.90%.
What is more noteworthy is that LetsBonk’s daily graduation token count (tokens successfully launched on DEX) reached 115, also surpassing Pump.fun for the first time. The platform’s 24-hour fee income exceeded 1.04 million USD, jumping to 16th place in the blockchain protocol revenue ranking.
The explosion of LetsBonk is attributed to its lower token issuance threshold and the close binding of the Bonk community. The platform has simplified the token creation process, significantly reducing user participation costs.
The income engine roars, and the token economy nourishes the ecosystem.
According to LB Data statistics, LetsBonk has generated a total of 58,500 SOL in revenue, of which 29,300 SOL is used for repurchasing and burning BONK, and another 8,792 SOL is used to purchase BONKsol.
This economic model has formed a closed-loop value cycle: platform revenue is directly injected into the BONK ecosystem, which not only enhances the token burn rate but also increases market liquidity. After the upgrade on June 10, the platform further shared 58% of the fees with BONK holders.
The Meme coin born on LetsBonk has also created miracles. For example, USELESS’s market cap once approached 300 million dollars, and the second largest holder, Unipcs, had an unrealized profit of over 7 million dollars.
Community Strategies and Controversies Coexist
In the face of platform growth, LetsBonk founder Tom has taken a proactive community strategy. He publicly stated on the X platform: "I will privately purchase some Meme coins, and if they survive, I will build more positions," and emphasized "helping to stabilize the community wherever I can."
However, the platform also faces controversy over bot-driven volume. Coinbase product head Conor Grogan pointed out that the vast majority of tokens on LetsBonk and Pump.fun are run by bots, with the top 100 token creators issuing a new token every 3 minutes on average.
Although this automated operation boosts data, it also raises questions about ecological health. Some frequently created addresses are even linked to previously banned fraudulent token influencers.
The Solana ecosystem is recovering, with trading activity supporting platform growth.
The explosion of LetsBonk is by no means an isolated phenomenon. In May 2025, Solana processed over 3.1 billion transactions, with daily active addresses exceeding 4.95 million and on-chain fee revenue reaching 53.06 million dollars, even surpassing Ethereum.
The high-frequency trading environment provides a natural breeding ground for Meme coins. The intensive deployment of Meme coins, GameFi, and Bot applications on Solana creates a high-frequency closed loop with a compound interest effect.
The market capitalization of the Bonk ecosystem development protocol Graphite Protocol’s token GP has surpassed 120 million USD, setting a new historical high, and its developed products such as the copy trading robot Parallel further enrich the ecosystem.
The expansion of the BONK ecosystem has gone beyond mere token speculation. The LetsBonk platform has generated a total of 58,500 SOL in revenue, half of which is used for the buyback and destruction of BONK, creating a feedback loop for the token economy; the market value of the ecosystem development protocol Graphite’s token GP has surpassed 120 million dollars.
As the Solana network maintains the highest trading volume in the industry, with an average of over 4.95 million active addresses daily, the BONK ecosystem’s "community-platform-token" integrated model is redefining the value capture path of the Meme economy.
