--- title: "Pump.fun vs Bags vs The World – The Cycle Repeats" date: 2026-01-18T00:36:00+00:00 canonical: https://funkyonchain.pages.dev/p/pump-fun-vs-bags-vs-the-world-the-cycle-repeats/ original: https://t.me/funkyonchain/2188 publisher: Funkyonchain lang: ko license: CC-BY-4.0 --- # Pump.fun vs Bags vs The World – The Cycle Repeats > ⭐️ Pump.fun vs Bags vs The World – The Cycle Repeats 1️⃣ Intro: "History Rhymes" Do you remember the summer of August 2025? It was the season when LetsBonk shook the seemingly impregnable fortress of Pump.fun. ⭐️ [Pump.fun](http://Pump.fun/) vs Bags vs The World – The Cycle Repeats **1️⃣ Intro: "History Rhymes" Do you remember the summer of August 2025? It was the season when **LetsBonk shook the seemingly impregnable fortress of **[Pump.fun](http://Pump.fun/). The market was chaotic, but in the midst of that fierce competition, superstars like **USELESS and **HOSICO were born, creating countless opportunities. Fast forward to January 2026, winter. As the saying goes, **"History doesn't repeat itself, but it often rhymes." The launchpad market is undergoing another massive tectonic shift. This time, the protagonist is **Bags. --- **2️⃣ The Trigger: The Predator vs. The Survivor This war isn't just a battle for 1st or 2nd place. It is a **game of chicken for survival. **🔥 **[Pump.fun](http://Pump.fun/)**'s Strike: "I will use your weapon" **[Pump.fun](http://Pump.fun/), the dominant monopoly, did not sit idly by as the newcomer **Bags grew with its unique "Royalty Program (Revenue Share)" weapon. [Pump.fun](http://Pump.fun/) declared that they would **adopt this royalty model themselves. This was a ruthless "absorption strategy" by the market leader to erase the competitor's only unique selling point. **🎒 Bags' Counterattack: All-Out War in Crisis (The Flip) Faced with the threat of having their unique weapon stolen, **Bags felt a severe sense of crisis. They had to win the battle before [Pump.fun](http://Pump.fun/)'s update took hold. Bags launched an aggressive operational drive for survival, and that desperation was proven by **temporarily flipping **[Pump.fun](http://Pump.fun/)**'s volume on January 17th. --- **3️⃣ Expanding the Battlefield: Challengers amidst the Chaos While Bags and [Pump.fun](http://Pump.fun/) were at each other's throats, other sleeping giants saw this chaos as an opportunity and surfaced. We have entered the **"Warring States Period" of Launchpads. * **🐸 Meteora: The Fusion of Tech & Meme ('Fwog') * Recently, Meteora has been driving hard into the launchpad market with **'Fwog'. This isn't just simple promotion. It is an attempt to technically absorb [Pump.fun](http://Pump.fun/)'s liquidity by integrating their strength, **DLMM (Dynamic Liquidity Market Maker). * **🐕 Bonk Ecosystem: The Franchise Strategy * The Bonk faction controls numerous "franchise" launchpads like **Bonker and **USD1, in addition to their main base, **BonkFun. With the thickest community firepower, they are ready to throw their weight behind specific branches to create a "Second Bags Event" at any moment. * **🦖 Tron & BNB: The Return of Big Money * Justin Sun's declaration of "Meme Season" and the movements on BNB Chain (backed by Binance) signal that **Big Money is re-entering this war. --- **4️⃣ Insight: Stars are Born in Chaos Recall the LetsBonk incident of last year. When platforms fight tooth and nail, they are **forced to produce "Successful Star Coins" to prove their platform's superiority. Just as LetsBonk proved its worth through **USELESS and **HOSICO. **Now is that time. * **[Pump.fun](http://Pump.fun/) to defend the throne, * **Bags to survive, * **Meteora and Bonk to find a breakthrough. Each faction is now betting everything on discovering and pushing **'New Gems' like **Gas or **Ralph. The launchpad market is the **Testbed of crypto and the incubator where the next 100x coins are born. **📌 Conclusion: Watch the "Undercurrents" More important than the current volume rankings is **"What is each platform doing behind the scenes to become #1?" Track the narrative Bags is pushing for survival, The picture Meteora is trying to paint through Fwog, What [Pump.fun](http://Pump.fun/) is preparing to defend its crown, And the groundwork Bonk is laying to pierce the niche. **When the market is loudest and most chaotic, the protagonist of the next cycle is born in the noise. --- *For informational purposes only. Not financial advice. Invest at your own risk.* --- 출처 / Source: Funkyonchain — https://funkyonchain.pages.dev/p/pump-fun-vs-bags-vs-the-world-the-cycle-repeats/ 원문 / Original Telegram post: https://t.me/funkyonchain/2188