BONK Address holding exceeded one million countdown, LetsBonk single-day data first surpassed Pump.fun

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 exceeds one million, the BONK community will launch a significant initiative: to burn 1 trillion BONK, valued at approximately 22.81 million USD.

This destruction plan is widely regarded as a strategy to strengthen the scarcity of tokens and has quickly ignited market trading enthusiasm. The price of BONK soared by 14.49% within 24 hours, with a circulating market value surpassing 1.772 billion USD, making it one of the most representative community tokens on the Solana chain.

##Milestone countdown, the number of holding addresses will exceed one million

The BONK community announced that the number of wallet addresses has reached 949,892, with the critical point of 1 million 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 token holder addresses, the community will execute the destruction of 1 trillion BONK, which is valued at approximately $22.81 million at the current price. Such a destruction mechanism directly affects the token's circulation, often forming strong support for price increases when demand is stable.

The market reacted quickly, with BONK's 24-hour trading volume surging and the number of holding addresses increasing sharply.

##LetsBonk rises, with daily data completely surpassing Pump.fun

On July 7th, LetsBonk first surpassed Pump.fun on three core metrics: daily token issuance, graduating 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 even more noteworthy is that LetsBonk's single-day graduation token count (tokens successfully launched on DEX) reached 115, also exceeding Pump.fun for the first time. The platform's 24-hour fee income surpassed 1.04 million USD, ranking 16th in the blockchain protocol revenue list.

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 the cost of user participation.

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 has been used to repurchase and burn BONK, and another 8,792 SOL has been used to purchase BONKsol.

This economic model forms a closed-loop value cycle: platform revenue is directly injected into the BONK ecosystem, which enhances both the token burn rate and market liquidity. After the upgrade on June 10, the platform further shared 58% of the fees with BONK holders.

The Meme coins born on LetsBonk have also created miracles. For example, USELESS's market value 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 adopted 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," emphasizing that "he will help solidify the community wherever he can."

However, the platform also faces controversy over bot-related volume manipulation. 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 on average every 3 minutes.

Although this automation operation increases data, it also raises questions about the health of the ecosystem. Some high-frequency created addresses are even linked to previously banned fraudulent token influencers.

##Solana ecosystem revival, trading activity supports platform explosion

The explosion of LetsBonk is by no means an isolated phenomenon. In May 2025, Solana processed over 3.1 billion transactions in total, with daily active addresses surpassing 4.95 million, and on-chain fee revenue reaching as high as 53.06 million USD, 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 token GP of the Bonk ecosystem development protocol Graphite Protocol has surpassed 120 million USD, reaching a historical high, and its developed products such as the copy trading bot Parallel further enrich the ecosystem.

The expansion of the BONK ecosystem has gone beyond simple token speculation. The LetsBonk platform has generated a total of 58,500 SOL in revenue, half of which is used for the repurchase and destruction of BONK, creating a feedback loop for the token economy; the market value of the token GP from the ecological development protocol Graphite has exceeded 120 million dollars.

As the Solana network maintains its position at the forefront of industry transaction volume, with an average of over 4.95 million active addresses per day, the BONK ecosystem's "community-platform-token" trinity model is redefining the value capture path of the Meme economy.

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