Solana’s memecoin arena is heating up as Pump Token challenges Bonk Coin for dominance. Over the past week, Pump Token bounced off a new low, trading at $0.003105 with a 26% surge in 24 hours and over $650 million in volume.
Meanwhile, Bonk Coin slid 14 % amid institutional selling, dropping from $0.00003565 to $0.00003062 as over 2.6 trillion tokens moved on and off exchanges. These swings have reignited debate: can Pump Token’s buyback strategy reclaim Solana’s market share from Bonk Coin’s hype?
Pump Token’s Comeback with Buybacks and Volume
Pump Token’s revival centers on aggressive buybacks and high trading volume. On July 28, the project transferred 12,000 SOL ($2.16 million) into its buyback pool to prop up price levels and signal conviction to traders. That move helped PUMP break above a descending resistance line that had capped gains since its July 16 peak at $0.0052.
Daily revenue for Pump Token fell to $293,187 on July 28—the lowest since September 2024—but this downturn spurred leadership to double down on buybacks and marketing partnerships across Solana DEXs.
With a circulating supply of 354 billion PUMP and a market cap just above $1.1 billion, Pump Token is now ranked #72 by CoinMarketCap, up from #85 a month ago. That ascent has drawn attention from traders seeking the next breakout on Solana beyond Bonk Coin.
Bonk Coin’s Hype-Driven Momentum Faces Pullback
Bonk Coin’s ascent was fueled by community-driven burns, NFT integrations, and gamified campaigns through Bonk.fun’s launchpad, which surpassed Pump Token in revenues by July 2025. Community battles in BONK! Arena and a DAO burn pledge of one trillion BONK kept on-chain activity vibrant, driving daily transfer counts above 5 trillion tokens last week.
However, institutional selling accelerated as risk-off sentiment spread through Solana markets. Over 2.6 trillion BONK tokens exited whale wallets in a single session, triggering a 14 % price drop over 24 hours.
Bonk Coin’s tokenomics, built on a max supply above 85 trillion, make sustained parabolic moves challenging without ongoing burns or novel use cases. As price hovers near $0.000031, traders question whether hype alone can fend off Pump Token’s buyback counterattack.
Which Token Will Claim Solana’s Crown?
Pump Token’s renewed buybacks, rising whale accumulation, and tightening supply could reclaim pent-up Solana demand. Its breakout above resistance and market cap climb signal a second wind for traders hunting multi-x returns on Solana.
Bonk Coin, by contrast, still commands greater trading volume and a vast meme-coin community, but recent institutional exits highlight vulnerability to broader crypto market downturns. While Pump Token and Bonk Coin battle for memecoin supremacy, Remittix (RTX) is carving its niche on Solana by tackling a $19 trillion payments problem.
RTX’s $250 000 community giveaway has spurred a 420 % jump in wallet sign-ups, and its Q3 2025 wallet beta launch will support 40 + assets with real-time FX. Traders balancing memecoin risk may consider allocating a slice to Remittix for practical cross-border use cases alongside their Solana speculations.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
