- Pumpdotfun’s market share fell below 60% for the first time amid stagnant PUMPSWAP prices.
- Bonk Fun gains ~25% market share, with BONK price rising 10.3% and steady trading range.
- 24-hour volume on PumpSwap grows 37.1%, but without corresponding price movement.
In a notable market development, Pumpdotfun has seen its market share drop below 60% for the first time, signaling a significant shift in market dynamics. In the same period, bonk_fun surged to claim an estimated 25% market share, reflecting growing momentum within the trading ecosystem.
These changes mark the latest adjustments in a fast-evolving segment where new entrants and established players continue to adjust their market positions. The current data shows contrasting price movements and trading activity between the two platforms’ key tokens, highlighting evolving investor interest.
Pumpswap’s Market Activity Remains Flat Amid Rising Trading Volumes
In terms of price movement, PumpSwap (PUMPSWAP) remained flat at a price of $0.054982, meaning no strong gains for the day. Its 24-hour volume, however, went up by a significant 37.1%, as it moved at around a negative flow of -$70,209,477. This increase in volume with no price action means heightened activity without a push on the price.
The increase in volume may point to greater participation but with no directional price shift. Notably, these developments come as Pumpdotfun’s overall market share falls below the 60% threshold for the first time, potentially indicating increasing competition. This change introduces a new dynamic where trading activity alone is not translating into market dominance.
Bonk Experiences Price Growth Alongside Expanding Market Share
Meanwhile, Bonk (BONK) registered a whopping 10.3% price increase to $0.00001847 in the latest session. Against Bitcoin, the token gained approximately 10.9%, trading at circa 0.091708 BTC.
Its support level is at $0.00001619, and its resistance level in the last 24 hours is at approximately $0.00001873, suggesting price stability within a range. The price actions are concurrent with the ~25% market share achieved by Bonk, suggesting increased participation. This market movement highlights the shifting focus of traders who are reacting to short-term price changes and liquidity patterns.
Broader Impact on Market Share Distribution Between Trading Platforms
As a result of these developments, the market share split between the two platforms shows a more balanced distribution than before. Pumpdotfun, once holding a dominant position, now faces increasing pressure as competitors like Bonk expand their footprint.
This shift underscores how swiftly the memecoin market reacts to fluctuations in price, volume, and user activity. With Bonk gaining traction, platforms like Pumpdotfun must adapt rapidly to remain competitive.
