The advantages of the Bonk ecosystem are prominent, and it may become the best investment opportunity before Pumpfun issues coin.

Recently, many people have asked me about my views on the issuance of the Pumpfun token and the PUMP token. As one of the most notable token issuance events recently, many have begun to compare it with BonkFun. Since BonkFun surpassed Pumpfun, it has been at the center of industry discussions. Therefore, I believe it is necessary to systematically elaborate on my views.

Currently, the information I have about the PUMP coin includes:

• Raised $1 billion at a $4 billion valuation
• Predictions and off-market expectations indicate that the valuation of the token after issuance will be between $7 billion to $8 billion, with some platforms even giving a valuation as high as $10 billion.

What does this mean for the BONK, BonkFun ecosystem, and the entire Meme coin market? Here are my latest thoughts:

1. BonkFun is expected to maintain its industry leadership position.

Although Pumpfun's growth momentum continues, BonkFun is likely to maintain its position as the industry leader in the foreseeable future. This judgment is based on the following points:

1. BonkFun values creators and users, and works closely with the Solana ecosystem, which is its great advantage.

2. The strong culture formed within the BONK ecosystem is gradually permeating into the tokens launched on BonkFun, and this cultural barrier is difficult to replicate in the short term.

3. Pumpfun, as a tokenless protocol, once had strong momentum, but its market share was severely impacted on the eve of the coin issuance, making it difficult to regain its former position in the short term.

4. A significant portion of activities on Pumpfun may come from advanced users and specialized trading bots that wait for opportunities to receive airdrops. Such activities may decrease or stop after the coin issuance.

5. The growth of BonkFun is entirely organic and natural, stemming from deep collaboration with the Solana ecosystem, without any promised token incentives.

6. BonkFun continues to expand its global influence, especially gaining recognition in important cultural circles, such as the strong embrace of the Chinese market.

2. The issuance of PUMP coin or its role as a positive factor for the BONK and BonkFun ecosystem.

There was a previous view that PUMP tokens would siphon off liquidity from popular tracks, leading Meme coins, and the BonkFun ecosystem. But the situation may be different now:

BonkFun quickly surpasses Pumpfun and shows strength on the eve of its coin issuance, which may effectively curb the market's irrational frenzy for the PUMP coin and prevent the withdrawal of Meme coins and liquidity pools.

3. BONK and the BonkFun ecosystem may become the main characters

The PUMP tokenomics is still opaque, while the economic model of the BonkFun platform is clearer: 50% of the fees are used to repurchase and destroy BONK coins, and 58% of the total fees are used in some way to buy BONK coins.

Considering that Pumpfun raised $1 billion at a valuation of $4 billion, the current market cap of BONK at $1.8 billion may be significantly undervalued. Rational investors might think that purchasing BONK at $1.8 billion could yield a higher investment return than buying PUMP at $4 billion or higher.

4. BonkFun's continued leading position is a positive signal for Meme coins and emerging sectors.

BonkFun's operating model is more friendly to the Solana ecosystem:

• Stake 15% of the platform fees in SOL to BONKSol validator nodes to reduce SOL selling pressure and contribute to network security.
• 58% of the revenue is used to purchase BONK, which is expected to drive up other large-cap coins and stimulate market speculation.

This model may create a self-reinforcing flywheel effect, driving the activity of the entire Meme coin market.

Conclusion

The recent success of BonkFun indicates that the issuance of the PUMP token may not have the negative impact on the Meme coin market that was previously feared. On the contrary, it could become a potential catalyst for driving BONK, the BonkFun ecosystem, and even the entire Meme coin market.