Bitmart Research: Rising Stars In MEME Token Platforms: An In-Depth Look At The Mechanisms And Outlook Of Believe And Letsbonk.Fun

As the flagship token of the Believe ecosystem, LaunchCoin is an upgraded iteration of Ben Pasternak's early PASTERNAK token, fully embodying the brand evolution from Clout.me to the Believe platform. On its first day of trading, LaunchCoin reached a $80 million market capitalization. After weathering market fluctuations, it began a strong recovery on May 11 and has since grown to a $330 million market cap-40× its launch valuation-with over 27,000 unique holders.

Dupe is the ecosystem token for the furniture-affordable–search engine The platform's official Instagram boasts 367,000 followers, and its monthly active user base exceeds 1 million. Dupe's market cap peaked at $70 million and currently hovers around $34 million.

Issued by Pata van Goon-an engineer from the OpenAI tech team-GOONC quickly went viral thanks to its technical-elite endorsement. The token's market cap once surged to $70 million and now steadies in the $45.5 million range.

2.

Introduction to

Revenue Model

Every trade on the platform incurs a 1% fee, which is allocated to the development fund, BONKsol validators, and BONK buy-and-burn. Specifically:

• 35% of revenue is used to buy back and burn BONK, implementing a deflationary mechanism
• 30% is used to purchase and stake BONKsol to secure and provide liquidity for the network
• 19.2% is directed to an ecosystem development fund
• 7.6% goes into strategic reserves
• 7.6% is allocated for technical development and operations (split equally among hiring, growth & development, and integrations)
• 12% is dedicated to user incentives and marketing, broken down into 4% BonkRewards, 4% marketing, and 4% community-governance support (SBR)

Between April 29 and May 15, daily revenue surged from roughly 2,000 SOL to 24,000 SOL-a more than 12× increase-while token issuance spiked to nearly 50,000 tokens on May 15 (a 233% rise over average).

Popular Projects on

Inspired by the Instagram-famous cat with 1.8 million followers and rendered in a Ghibli-style AI aesthetic, Hosico's token launched at 4 AM and reached a $10 million market cap within its first hour. It later peaked at $60 million and currently sits at around $22 million.

Born from a tweet by BONKGUY on X-“This is a useless currency; it shouldn't be pumped”-USELESS rode its nihilistic, emotionally charged narrative to rapid fame. Since launch on BONK, its market cap soared to $34 million and now stabilizes at approximately $24 million.

3. Competitive Analysis: Believe, Pumpfun, and Others

Believe's distinct advantage lies in its X-based token issuance mechanism: projects cannot pre-sell tokens before launch and must rely on secondary-market trading or social-tag purchases. It charges no listing fee, but requires a relatively high entry barrier of roughly 85 SOL, which may slow initial liquidity. In contrast, supports dual issuance both on its own platform and via X, and is tightly integrated with the BONK token; it even returns 10% of fees to liquidity providers upon exit to incentivize deployment.

Overall, neither model represents a revolutionary departure from existing MEME-token platforms; they primarily optimize issuance methods and add ancillary features. Although both have recently captured some of Pumpfun's daily issuance volume, they still lag significantly behind Pumpfun's overall scale.

Daily new MEME issuance

4. Future Outlook

The MEME-token space is currently crowded with largely homogeneous issuance platforms. While platforms like Believe and may siphon off some of Pumpfun's short-term hype, long-term sustainability-once speculative capital recedes-will be the market's true test. To date, Believe has greatly simplified the MEME-token launch process via X, and has created strong ecosystem synergy through deep BONK integration. As market enthusiasm cools and new competitors emerge, their ability to maintain momentum will hinge on whether they can introduce fresh innovations or incubate genuinely“wealth-creating” MEME assets.

Read the full research article here:

About BitMart

BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto's potential to drive innovation and promote financial inclusion. New users can register here to unlock an $8,000+ welcome bonus.

Risk Warning:

The information provided is for reference only and should not be considered a recommendation to buy, sell or hold any financial asset. All information is provided in good faith. However, we make no representations or warranties, express or implied, as to the accuracy, adequacy, validity, reliability, availability or completeness of such information.

All cryptocurrency investments (including returns) are highly speculative in nature and involve significant risk of loss. Past, hypothetical or simulated performance is not necessarily indicative of future results. The value of digital currencies may rise or fall, and there may be significant risks in buying, selling, holding or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial situation and risk tolerance. BitMart does not provide any investment, legal or tax advice.

MENAFN21052025004107003653ID1109577256