--- title: "Pump.fun, LetsBonk and Bags: A Competition That Moves in Cycles" date: 2025-08-10T05:32:10+00:00 canonical: https://funkyonchain.pages.dev/en/p/pump-fun-vs-letsbonk-vs-bags-반복되는-승부의-사이클-the-cycle-repeats/ original: https://t.me/funkyonchain/2114 publisher: Funkyonchain lang: ko license: CC-BY-4.0 --- # Pump.fun, LetsBonk and Bags: A Competition That Moves in Cycles > ⭐️ Pump.fun vs LetsBonk vs Bags — The Cycle Repeats 🇺🇸 English version 📊 Recent trends in onchain trading Asia’s time in the spotlight was short-lived. In late July and early August, capital from China and Southeast Asia flowed into the market and drove activity. ⭐️ **[Pump.fun](http://Pump.fun/)** vs LetsBonk vs Bags — The Cycle Repeats **🇺🇸 English version** https://x.com/funky_onchain_/status/1954414682678464653 📊 **Recent trends in onchain trading** Asia’s time in the spotlight was short-lived. In late July and early August, capital from China and Southeast Asia flowed into the market and drove activity. The mood was reminiscent of last year’s Tron season, when Chinese investors reshaped the market and the Tron launchpad SunPump even overtook Pump.fun on some days. This year, LetsBonk frequently ranked near the top by trading volume during Asian hours. But as the holiday season progressed and Asian traders stepped back, market leadership shifted back to Western trading hours. Pump.fun was quick to respond. --- 🔥 **Pump.fun fights back and retakes the lead** On August 8, Pump.fun announced the launch of the Glass Full Foundation (GFF). * Direct liquidity support for selected communities and tokens * Real-time disclosure of revenue and $PUMP purchases on the [fees.pump.fun](http://fees.pump.fun/) dashboard The move helped strengthen investor confidence and stabilize market sentiment. Pump.fun’s advantage is its head start. By providing an environment developers already know how to use, it has made itself a natural choice for new projects. GFF and its revenue disclosure strategy have added to an ecosystem that competitors will find difficult to replicate. --- 😼👤 **Alon’s role** Alon, a key figure at Pump.fun, has consistently posted meme images and metaphorical messages on Twitter, influencing sentiment around specific projects and the wider market. He tends to favor projects with cult-like communities and market capitalizations above $1 million. Many traders use those preferences as signals for their own trades. --- 🎒 **Bags’ strategy** Bags has maintained a position in the top two or three with a strategy centered on memes and culture. * Founder Finn bought the original WIF beanie for approximately $800,000, securing a powerful symbolic asset. * When tokens launch, royalties and donations are paid directly to meme creators and visual artists. * For example, the creator of Nyan Cat received approximately 4,000 SOL through Bags. This creator rewards model has attracted both creators and users, boosting short-term trading volume and strengthening community ties. --- 📉 **LetsBonk’s recent performance** LetsBonk started strongly, helped by marketing and capital inflows from Asia, but weakened after activity shifted to Western trading hours. It remains in second place, though the gap with Pump.fun continues to widen. --- 📌 **Takeaway** Pump.fun is currently leading the field thanks to its head start and established infrastructure. But Bags’ creator rewards model and LetsBonk’s experience marketing in Asia could both shape the longer-term competition. How quickly Asian capital returns after the holiday season, whether GFF projects succeed, and how Alon’s strategic messaging plays out will be key factors in the next cycle. This article brings together and summarizes posts published intermittently since July on the [@funkyongamble](https://t.me/funkyongamble) channel. For informational purposes only. Not financial advice. Invest at your own risk. This material is for informational purposes and does not constitute investment advice. You are responsible for your own investment decisions. --- 출처 / Source: Funkyonchain — https://funkyonchain.pages.dev/en/p/pump-fun-vs-letsbonk-vs-bags-반복되는-승부의-사이클-the-cycle-repeats/ 원문 / Original Telegram post: https://t.me/funkyonchain/2114