The new and old replacement of the Solana on-chain memecoin Launchpad landscape.
"The king is dead, long live the king." This declaration once echoed in the Palace of Versailles in the 18th century. It reveals an eternal truth about power: power never belongs to anyone; it flows like water, always seeking new vessels. This ruthless succession is still playing out in today's crypto world, where the memecoin Launchpad sector on the Solana blockchain is undergoing a similar transfer of power.
Once the dominant player Pump.fun, which held 88% of the market share a month ago, now only retains 13%. The emerging challenger Let'sBONK has captured 86% of the market. This is not just another manifestation of volatility in the crypto world, but a classic case of an empire's collapse: when the ultimate moat of attention is neglected, even the greatest first-mover advantage can disappear in an instant.
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The Crypto Assets market, despite experiencing cyclical changes, is still full of innovative opportunities. The scarcity of profit-making opportunities in the market defines the pursuit of investors, although hot money often ends in losses, those who grasp the rules can profit. Wise investors need to identify real value and respond rationally to risks and opportunities.

The article reviews the main trends in the Web3 field, such as stablecoin and physical asset tokenization, AI agents, meme coins, and prediction markets, forecasting future investment opportunities and key projects. Among them, Tempo's prospects in the stablecoin market are attracting attention, especially its collaboration with Stripe which could bring significant market potential.

Bonk has experienced two reversals, representing Solana in challenging and reshaping meme culture. Recently, the team has promoted creator incentive activities, which may lead to a third reversal. The enthusiasm and creativity of the community are key, and the future market will continue to focus on the Solana ecosystem.

A well-known Token issuance platform has restarted its live streaming feature, promoting new opportunities and challenges in the Web3 live streaming field. The platform adopts a differentiated strategy compared to Sidekick, with the former mainly serving the issue coin demand, while the latter focuses on content diversification. It is expected that more innovative models will emerge in the market, driving industry development.

In the Solana ecosystem, the landscape of coin issuance platforms has changed, with LetsBONK.fun replacing Pump.fun as the new favorite. Pump.fun has gradually encountered difficulties in the pursuit of its own interests, while LetsBONK.fun attracts users with the "co-construction" concept, supporting project growth through actual funding, and has surpassed the former in several key metrics. This shift indicates a trend towards ecological co-construction in the development of coin issuance platforms.

This study explores how political factors influence the Crypto Assets market through Meme coin events, finding significant volatility spillover effects and heterogeneity in market reactions following the release of new Meme coins, while emphasizing that political dynamics exacerbate investor sensitivity, which is of great significance for understanding market stability.

Bonk, after experiencing two major turning points, is striving to return to a community-centric meme culture in the face of market changes and competitive pressure. Recently, BonkFun has collaborated with other platforms to reignite market activity through incentive activities. In the future, whether Bonk can achieve a third reversal will depend on the enthusiasm and creativity of the meme community.

The power transition of the memecoin ecosystem on Solana.
"The king is dead, long live the king." This declaration once echoed in the Palace of Versailles in the 18th century, embodying an eternal truth about power: power never belongs to anyone; it flows like water, always seeking new vessels. This ancient ritual is now taking place on the Solana on-chain memecoin.

The market trend will become clearer after September, and the recent rise of small coins lacks support. Bitcoin demand continues, and funds will flow towards tokens with practical applications. The popularity of memes is waning, and in the future, there may be a focus on the combination of artificial intelligence and encryption. Investments need to focus on projects with strong narratives and clear practical uses.

A well-known Token launch platform has re-enabled its live streaming feature, expanding the development space for Web3 live streaming. Although the rise of emerging platforms brings competition, established platforms have adopted different strategies, both promoting the industry's prospects. In the future, there may be Web3 live streaming platforms focused on video content, catering to specific needs.

This study explores the impact of a political figure's issuance of a Meme coin on the Crypto Assets market, finding that the event triggered a volatility spillover effect and financial contagion. The new Meme coin led to drastic fluctuations in market behavior, and there were significant differences in the responses of different assets, revealing the importance of political factors in the Crypto Assets market.

"The king is dead, long live the king" - The transition of Memecoin Launchpad on Solana
At the Palace of Versailles in France, the declaration of May 10, 1774, echoed: "The king is dead, long live the king." Louis XV had just passed away, and the nobles immediately turned to the new king. This was not cold-bloodedness but a manifestation of survival instinct.
The French understand the essence of power: power belongs to no one, it flows like water, seeking new containers. This declaration is not a lament, but an acknowledgment of the new rulers. Former monarchs may quickly become footnotes in history, and the changes come swiftly, ruthlessly, and inevitably.
Power requires this indifference. Empires rise on the foundations of their predecessors, new rulers inherit the old thrones, and thus the cycle continues. Today, the memecoin issuance platform on the Solana chain is reenacting this ancient ritual.
The former dominant Pump.fun was still in control a month ago.

The new platform for issuing coins, LetsBONK.fun, has rapidly emerged in the Solana ecosystem, replacing the former dominant player, Pump.fun. User dissatisfaction with Pump.fun mainly stems from unequal income distribution and lack of support, while LetsBONK.fun emphasizes a co-construction concept, attracting users to actively participate and receive rewards, showcasing a new development model. This change reflects a shift in user demand and contributes to the healthy development of the Meme coin market.

The on-chain MEME Token launch platform aims to simplify the MEME token creation process, providing transparent token issuance and management tools. The platform attracts users by quickly building a community. Despite increasing competition, some platforms are still rapidly emerging and driving market activity rise. However, user protection mechanisms and multi-chain deployment capabilities remain major challenges. Innovative platforms that address these issues are expected to capture market attention.

Crypto Assets Market Trend Analysis and Outlook
Recently, I had the opportunity to reflect on market trends, and I would like to share some personal insights.
The overall trend of the Crypto Assets market is expected to become clear only after September. Considering factors such as macroeconomic resistance, limited liquidity during the summer, and quarterly position adjustments, the real market dynamics may only manifest after the August holidays end and market participants return. From recent market activities, the rise of most altcoins has been primarily driven by short squeezes. Traders have been chasing prices influenced by the previous rebound, but there is a lack of support from long-term holders. Most people have already been frustrated during the previous market adjustments. As expected, most tokens that surged sharply subsequently experienced the same violent pullbacks.
Ethereum has unexpectedly rebounded, with AI-related and certain specific tokens leading this wave of recovery. In contrast, tokens with real use cases, strong fundamentals, or buyback mechanisms have shown greater resilience—experiencing smaller declines and recovering faster. Certain tokens like Sy

Analysis of the Labubu craze and the fate of related Meme coins
Recently, the stock price of Labubu toy manufacturer has soared, with a market value exceeding 350 billion HKD. The company's founder has thus become the newly ranked richest person in Henan. By the end of last year, the company had 401 stores in mainland China, and 130 stores in Hong Kong, Macau, Taiwan, and overseas, covering more than 30 countries and regions, with overseas revenue accounting for over 38%. Meanwhile, its namesake Meme coin LABUBU has not been spared from market fluctuations, with the current market value dropping to 27.89 million USD, and a 24-hour decline of 20.4%.
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The origin and development of Labubu
Labubu is a uniquely shaped plush toy character featuring a round body, big eyes, pointy ears, and a mischievous smile with nine sharp teeth. This image was created by the artist Long Jiasheng, inspired by Nordic folklore and mythology.