Latest Let's BONK (LetsBONK) Price Analysis

Deep Dive

1. Profit-Taking After Rally (Bearish Impact)

Overview: LetsBONK surged 14.8% in the past week, outpacing Bitcoin (+57.05% dominance) and Ethereum (+13.74%). This rally likely prompted traders to lock in gains amid broader crypto market stagnation.

What this means: Memecoins like LetsBONK often see exaggerated swings due to low liquidity (turnover ratio 2.3). The 24h volume drop (-14.6% to $5.78M) confirms reduced buying pressure to sustain upward moves.

What to look out for: Whether the 7-day SMA ($0.0354) holds as support – a breakdown could extend losses toward the 60-day trendline.

2. Platform Competition Intensifies (Mixed Impact)

Overview: LetsBONK’s main rival Pump.fun saw daily revenue crash to $300K (from $7M in Jan 2025), per DeFiLlama. While LetsBONK captured 78% of Solana’s launchpad market by July 2025, investors now question if meme token fatigue is spreading.

What this means: LetsBONK’s 1% revenue buyback program (announced July 23) hasn’t offset sector-wide anxiety. The platform’s $1B+ total launched market cap offers fundamental support, but traders appear cautious about growth sustainability.

3. Technical Breakdown (Bearish Impact)

Overview: Price rejected at the 30-day SMA ($0.0398) and Fibonacci 38.2% retracement ($0.0473). The RSI (51) shows neutral momentum, but MACD’s bullish crossover (+0.0008) lacks conviction.

What this means: Bears control the immediate trend below $0.0364. A close under the 7-day EMA ($0.0369) could signal further downside toward the 2025 low of $0.0303.

Conclusion

The dip reflects profit-taking after a strong week, amplified by sector-wide skepticism toward meme platforms and failed technical breakout attempts. Key watch: Can LetsBONK maintain its 70%+ market share in Solana token launches, or will Pump.fun’s collapse drag down sentiment further? Monitor the $0.035 support level for trend confirmation.

Deep Dive

1. Market Share Surge (Bullish Impact)

Overview: LetsBONK overtook Pump.fun as Solana’s top memecoin launchpad in July 2025, capturing 78% market share vs. Pump.fun’s 19% (DeFiLlama). Daily revenue hit $1.3M on July 25, while Pump.fun fell to under $300k.

What this means: Dominance in Solana’s high-growth meme sector attracts speculative capital. Each new token launch on LetsBONK requires BONK purchases for fees, creating recurring buy pressure.

What to look out for: Sustained platform volume – current $33.4M daily trading across LetsBONK tokens vs. $264M on Pump.fun (NullTX).

2. Strategic Buybacks (Bullish Impact)

Overview: Since July 23, LetsBONK allocates 1% of revenue to weekly buybacks, generating ~$15k/week in BONK demand initially. At peak $1.5M daily fees, this could scale to $105k weekly.

What this means: Buybacks reduce effective circulating supply while signaling long-term commitment. The program is funded by reallocating marketing budgets, prioritizing holders over user acquisition.

3. Technical Breakout (Mixed Impact)

Overview: Price broke above the 7-day SMA ($0.0345) and 23.6% Fibonacci retracement ($0.0375). RSI(7) at 62.38 approaches overbought territory but shows strong momentum.

What this means: The $0.0375 level now acts as support – a close below could trigger profit-taking. MACD histogram turned positive on September 12, suggesting near-term bullish bias.

Conclusion

LetsBONK’s 24h gain reflects its emerging dominance in Solana’s memecoin infrastructure paired with engineered tokenomics. While buybacks and platform growth are constructive, the 30-day price remains down 21%, highlighting volatility risks inherent to meme-adjacent projects.

Key watch: Can LetsBONK maintain >70% market share if Pump.fun revives with its own token incentives? Monitor Dune dashboards for real-time platform metrics.