LetsBONK.fun: All You Need to Know About BONK’s New Memepad

On April 25, 2025, BONK—one of Solana’s more recognizable memecoin projects—introduced LetsBONK.fun, a new launchpad designed to make memecoin creation more accessible. Developed by members of the BONK community in collaboration with Raydium Protocol, the tool arrives at a time when competition among Solana-based memepads is intensifying. With several platforms vying for attention, LetsBONK.fun offers a fresh option for users looking to create and launch their own tokens.

What Is LetsBONK.fun?

LetsBONK.fun is a user-friendly memecoin launchpad built to simplify token deployment on the Solana blockchain. By combining BONK’s community-driven ethos with Raydium’s technical infrastructure, the launchpad aims to streamline the process of minting new tokens without requiring advanced coding knowledge. It also integrates with the Solana ecosystem, leveraging its high-speed, low-cost transactions to create a smooth experience for token creators.

Importantly, LetsBONK.fun’s fee model also reinvests into the broader network. Portions of platform fees are used to support Solana's security through the BONKsol validator, fund development efforts, and buy back and burn BONK tokens—a mechanism intended to support token stability over time.

How to Launch a Token on LetsBONK.fun

Launching a token on LetsBONK.fun is straightforward for users at all levels of technical expertise. The process involves three main steps:

• Create Token: Visit letsbonk.fun and select "Create Token."
• Input Token Details: Provide information such as the token name, symbol, and metadata.
• Set Supply: Define the total number of tokens you want to mint.

The platform’s user-friendly design lowers the barrier to entry, making it a practical choice for creators without technical expertise.

Fee Structure and Allocation

LetsBONK.fun charges a 1% fee on every swap, along with a small percentage of trading volume after migration. These fees are allocated in three key ways:

• Platform Development: Funding ongoing operations, maintenance, and feature updates.
• Network Support: Strengthening the Solana blockchain via contributions to the BONKsol validator.
• BONK Buybacks and Burns: Purchasing and permanently removing BONK tokens from circulation, with a public dashboard to track these activities expected soon, according to the team.

This structure reflects BONK’s commitment to both its community and the broader Solana ecosystem. By reinvesting fees, the platform seeks to create a sustainable cycle of growth and value.

LetsBONK.fun is also available on Jupiter and Jupiter Pro, enhancing its accessibility within the Solana ecosystem. This integration allows all tokens launched on LetsBONK.fun to be instantly available in Jupiter’s routing system and featured in AlphaScan’s “Launchpad Filters,” with a dedicated shortcut on Jupiter Pro for seamless access. 

Additionally, LetsBONK.fun is incentivizing growth by rewarding AI projects that migrate to the platform and maintain a market cap above $100,000 for the next 24 hours, offering a strategic opportunity for AI-focused memecoin creators to gain early support.

Growing Competition Among Solana Memepads

LetsBONK.fun’s launch comes as the memepad ecosystem on Solana becomes increasingly competitive. Just recently, Raydium introduced LaunchLab, another memecoin creation platform aimed at rivaling established players like pump.fun. This growing competition may drive innovation, giving users more choice and pushing platforms to differentiate themselves through features, community incentives, or network integrations.

The BONK community has largely welcomed the launch, with BONK price surging by 12% in the past 24 hours, per CoinMarketCap. The longer-term price impact remains to be seen as adoption of the new platform grows. For now, LetsBONK.fun adds a new layer to Solana’s flourishing memecoin infrastructure.