Galaxy Digital just made a move thats turning heads. Moments ago, they transferred $11.4 million worth of $BONK to Binance.
On-chain watchers are already buzzingit smells like a sell-off. Galaxy had scooped up roughly $30 million in $BONK just days ago, on July 18. After this transfer, theyre still holding about $18.6 million, but the sudden shift raises questions.
Profit-taking? Possibly. Position rebalancing? Maybe. But while Galaxy makes headlines, BonkFun continues to make history.
BonkFun Isnt Slowing Down, Its Speeding Up
For the second week straight, BonkFun has outpaced every other memecoin launchpadcombined. That includes former market leader Pump.fun.
BonkFun now leads in:
- Weekly revenue
- Token launches
- Trading volume
- Token graduations
Its not even close.
In just the last 15 days, BonkFun has raked in an average of $1.29 million in daily fees, totaling a massive $19.3 million. But heres what makes it different:
58% of those fees go straight into buying $BONK.
That means $11+ million in buybacks in half a month. Most of that $BONK doesnt stick aroundit gets burned. If the pace holds, BonkFun could torch $22 million in $BONK per month. Thats not marketing fluff. Thats mechanical deflation.
The Flywheel Is Real
BonkFuns model is tightefficient and relentless. New memecoins launch on the platform. Traders jump in quickly, generating a surge of activity. As trading heats up, the platform earns fees. A significant portion of those fees is used to buy $BONK. The purchased tokens are then burned, reducing supply. As a result, price pressure begins to build. And then it starts all over again. This isnt just a trendits a flywheel gaining momentum by the day.
Just three days ago, BonkFun recorded its highest-ever market share in launchpad activity: 81.72%.
That means four out of every five memecoin launches happened on BonkFun in a single day. The rest of the field? Struggling to keep up. Pump.funs reign looks over.
- Fee growth isnt just steadyits steep.
- Success rates for launched tokens are the best in the sector.
- Community retention is higher than any rival.
And this isnt just whales playing gamesretail is flowing in, too. BonkFun graduates arent vaporware. Many tokens are showing real volume post-launch, with some building vibrant ecosystems of their own.
Galaxys Move: Exit or Strategy?
So, what about Galaxys $BONK transfer?
It might just be profit-taking. They entered early. Theyre still holding plenty. But even as they move tokens, BonkFuns internal engine keeps revving.
- Every fee cycle fuels a buyback.
- Every burn reduces supply.
- Every new launch pulls in fresh capital.
Thats a fundamentals-backed feedback loopa rarity in memecoin land.
BonkFun isnt a flash in the pan. Its rewriting how memecoins launch on Solanaand maybe even beyond.
- It has real revenue.
- It runs on constant buy-and-burn mechanics.
- Its market share is exploding.
- And its community support keeps deepening.
So while Galaxy Digital might be cashing in a few chips, BonkFun is busy building the table itself.
Memecoin FOMO may come and go. But BonkFun? Its building the next meta. And $BONK is steering the ship.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
