Solana's June Battleground: Pumpfun ICO, Terminal Wars, and the Rise of Launchpad Titans

The Unraveling of Solana’s Meme Engine

Let’s cut through the noise: Solana’s meme coin market isn’t dead — it’s evolving. Since my April analysis, we’ve seen a clear pivot from chaotic speculation toward structured platforms. The daily trading pattern remains telling: volume spikes between 10–11 UTC, peaking at 15–20 UTC — coinciding with U.S. daytime markets. This isn’t random; it’s behavioral economics on chain.

The real story? Infrastructure has replaced bots as the battlefield.

Pumpfun ICO: Hype Meets Hypothesis

Pumpfun is no longer just a launchpad — it’s becoming an event horizon. With plans for a \(10B fundraising round (FDV \)40B), complete token release at launch, and KYC-backed access via top CEXs, this is institutional-grade chaos.

I’ll be blunt: if executed well, Pump Token could hit \(100–\)200B FDV. That puts it in elite territory — near HYPE, above ENA. But here’s the catch: liquidity will bleed from existing “war zones” temporarily.

Still, with ~10% expected to be air-dropped? That’s not just marketing — it’s wealth redistribution via code.

Terminal Wars: Where Distribution Beats UX

Axiom now commands 61% of terminal share — not because it’s fastest or most accurate, but because it reaches. Its $137M in cumulative fees isn’t magic; it’s network effects powered by social virality.

Photon (9.9%), BullX (5.8%), GMGN (6.8%) — they’re fighting hard but losing ground. The lesson? In crypto infrastructure, distribution trumps engineering every time.

Even Bloom and Bonkbot hold relevance among niche users; new entrants like Padre and Nova are quietly gaining traction.

This isn’t about tech superiority anymore — it’s about who controls the attention funnel.

Launchpads Under Fire: From Hype to High Stakes

April saw @believeapp and @launchcoin surge into view as contenders in the meme capital race. But by June? Market share is retreating fast.

Enter LetsBonk.fun — where \(USELESS (\)140M mcap) thrives under Bonk community backing. It might be small-scale compared to Pumpfun’s empire (over 7 million tokens created), but its focus on curated projects gives it edge in trust.

And then there’s Believe.app — whose “Internet Capital Markets” model attempts to shift focus from pure memes to utility-driven launches via Twitter sniping limits and creator holding incentives. It failed to scale… yet still captured attention through controversy around founder @pasternak.

click here → [Believe App Screener by @0x_ultra]

even Raydium Launch Lab isn’t independent; many top tokens are launched via LetsBonk first before Raydium executes liquidity pools behind the scenes.

turns out execution ≠ ownership in this game anymore.