Battle for Solana Supremacy: Pump.Fun’s Buybacks Take Aim at Bonk.Fun’s Hype

Solana’s memecoin rivalry has intensified as Pump Token mounts a comeback against Bonk Coin’s dominance. In the past week, PUMP rebounded from a recent low, trading at $0.003105 after a 26% surge in 24 hours and generating more than $650 million in volume. Meanwhile, BONK slid 14%, falling from $0.00003565 to $0.00003062, as more than 2.6 trillion tokens moved on and off exchanges amid institutional selling pressure.

Pump Token’s Buyback-Driven Revival

‍Pump Token’s resurgence is anchored in aggressive buybacks and heightened trading activity. On July 28, the project injected 12,000 SOL—valued at $2.16 million—into its buyback pool, aiming to bolster price stability and convey confidence to market participants. The move helped PUMP break above a descending resistance line that had contained gains since its July 16 peak at $0.0052.

Despite daily revenue dipping to $293,187—the lowest since September 2024—the downturn prompted leadership to double down on both buybacks and marketing partnerships across Solana decentralized exchanges. With a circulating supply of 354 billion PUMP and a market capitalization just over $1.1 billion, the token has climbed from #85 to #72 on CoinMarketCap in the past month. The shift has captured the attention of traders hunting for the next breakout beyond Bonk Coin’s orbit.

Bonk Coin’s Hype Under Pressure

‍Bonk Coin’s rise was fueled by a mix of community-driven token burns, NFT integrations, and gamified campaigns via the Bonk.fun launchpad. By July 2025, it had surpassed Pump Token in revenues, driven in part by interactive community events like BONK! Arena battles and a DAO commitment to burn one trillion tokens. These initiatives helped maintain on-chain activity, pushing daily token transfers above 5 trillion last week.

However, the momentum stalled as institutional selling hit, driven by broader risk-off sentiment in Solana markets. In one session, whale wallets shed more than 2.6 trillion BONK tokens, triggering the steep 14% drop in price. With a maximum supply exceeding 85 trillion, sustained price rallies depend heavily on continued burns or fresh utility—a challenge as BONK hovers near $0.000031.

The Race Ahead

‍Pump Token’s buyback strategy, whale accumulation, and tighter circulating supply suggest a potential edge in reclaiming Solana market share. The recent breakout above resistance and upward market cap trajectory provide momentum for traders seeking multi-bagger opportunities in the memecoin sector.

Bonk Coin still boasts higher trading volumes and one of the largest memecoin communities on Solana, but institutional exits have exposed vulnerabilities to macro market trends. The head-to-head competition may define the next phase of Solana’s memecoin market structure.

Meanwhile, a third player, Remittix (RTX), is carving out a distinct niche by addressing the $19 trillion cross-border payments market. Its $250,000 community giveaway has fueled a 420% jump in wallet sign-ups ahead of its Q3 2025 beta launch, which will support over 40 assets with real-time FX capabilities. For traders wary of the volatility in PUMP and BONK, RTX offers a more utility-driven complement to Solana-based speculation.