牛市迅速回來，最快的返回部門是模因部門。

最近，該鏈條上有很多金狗，看來毆打狗的熱情已經回來了。

The bull market is coming back quickly, and the fastest returning sector is the Meme sector.

牛市迅速回來，最快的返回部門是模因部門。

There have been a lot of golden dogs on the chain recently, and it seems that the lively mood of beating the dogs has returned.

最近，該鏈條上有很多金狗，看來毆打狗的熱情已經回來了。

However, in the on-chain meme space, unlike the previous round where Pump.fun was the only one dominating, there are more challengers to Pump.fun in the current version, trying to shake its position as the dominant meme launcher.

但是，在鏈上模因領域中，與上一輪泵。 FUN是唯一的統治者，其中有更多的挑戰者需要泵。

After all, it is a very lucrative business for the platform to make money from the transaction fees by posting memes every day. So you can see that various launchpads have appeared in large numbers recently, and on each launchpad, there are golden dogs trying to attract the limited attention of the stock market.

畢竟，該平台每天通過發布模因從交易費中賺錢是一項非常有利可圖的業務。因此，您可以看到最近大量出現了各種發射台，在每個發射台上，都有金狗試圖吸引股市有限的關注。

In this environment, two platforms began to release memes with the same name. For example, today a token with the same name $GLONK appeared on letsBONK.fun (hereinafter referred to as Bonk.fun) and Pump.fun, and both platforms fully supported their respective versions.

在這種環境中，兩個平台開始發布具有相同名稱的模因。例如，如今，一個帶有相同名稱的令牌$ glonk出現在letsbonk.fun（以下稱為bonk.fun）和pump.fun上，兩個平台都完全支持其各自的版本。

Bonk.fun is jointly incubated by Raydium and the Bonk community. Raydium provides technical support for Bonk.fun through its LaunchLab platform; while the Bonk community relies on the influence of its meme token $BONK to provide a basic foundation for Bonk.fun.

Bonk.Fun由Raydium和Bonk社區共同孵化。 Raydium通過其啟動行平台為Bonk.Fun提供技術支持；儘管Bonk社區依靠其Meme Token $ Bonk的影響，為Bonk.Fun提供了基本的基礎。

This is clearly a strong competitor to Pump.fun.

顯然，這是一個強大的競爭者。

On the surface, this is a battle for tokens, with players betting on which Glonk will win; but in fact, it is an infrastructure war for the Solana ecosystem, which not only concerns the platform's technical strength, community support and development prospects, but also the real platform income and benefits.

從表面上看，這是代幣的戰鬥，球員押注Glonk將獲勝的球員。但是實際上，這是Solana生態系統的基礎設施戰爭，這不僅涉及平台的技術實力，社區支持和發展前景，而且還涉及真正的平台收入和收益。

Tokens represent popularity and attention. Competition among high-end platforms often takes the form of a horse race over the price of a certain token.

代幣代表受歡迎程度和關注。高端平台之間的競爭通常以某種代幣的價格以賽馬的形式出現。

The same currency competes with the founders in the air

相同的貨幣與空中創始人競爭

Judging from the current situation, $GLONK on Bonk.fun seems to be better.

從當前的情況來看，Bonk.Fun上的$ Glonk似乎更好。

As of press time, the market value of the Bonk.fun version of $GLONK is around US$16.5 million, while that of Pump.fun is US$4.4 million; the Bonk.fun version of $GLONK is also leading in terms of trading volume and liquidity.

截至發稿時，Bonk.Fun版本的$ Glonk的市場價值約為1650萬美元，而Pump.Fun的市場價值為440萬美元； $ glonk的Bonk.Fun版本在交易量和流動性方面也是領先的。

Behind the price fluctuations of $GLONK tokens is a fierce confrontation between the founders of Bonk.fun and Pump.fun.

$ Glonk代幣的價格波動的背後是Bonk.Fun和Pump.Fun的創始人之間的激烈對抗。

Although not in direct confrontation, Bonk.fun developer SolportTom (@SolportTom) and Pump.fun's Alon (@a1lon9) have both been vocal in their support for their respective platforms.

儘管沒有直接對抗，但Bonk.Fun開發人員Solporttom（@SolportTom）和Pump.Fun的Alon（@a1lon9）都在支持各自平台。

Tom posted that everyone should support Bonk.fun; and 2 minutes later Alon also posted a similar sentence "SEND THE OG.", implying that Pump.fun was the old OG who launched the meme. The direction and implication are self-evident.

湯姆（Tom）張貼說，每個人都應該支持bonk.fun； 2分鐘後，阿隆也發布了類似的句子“發送OG”。方向和含義是不言而喻的。

What’s even more exciting is that both parties gradually made their intentions clear and named each other, saying that the $GLONK on their own platforms is the best solution.

更令人興奮的是，雙方都逐漸使他們的意圖清晰並互相命名，稱他們自己平台上的$ Glonk是最好的解決方案。

Tom believes that the market has made its choice and the price of GLONK tokens speaks for itself. He directly @Alon:

湯姆（Tom）認為，市場已經做出了選擇，Glonk代幣的價格自言自語。他直接@Alon：

"The market cap of the token on Bonk.fun is $3 billion, while the market cap on Pump.fun is only $170,000, but someone posted something saying 'support the OG version', which I think is very low-class."

“ Bonk.fun上的代幣的市值為30億美元，而泵的市值僅為170,000美元，但有人發布了一些東西，說“支持OG版本”，我認為這是非常低級的。”

Alon believes that the price performance does not explain the problem. Pump.fun has its own proud grassroots culture and community spirit; the rise in token prices on Bonk.fun is more like the behavior of a conspiracy group.

阿隆認為價格績效不能解釋問題。 pump.fun擁有自己驕傲的基層文化和社區精神；邦克的代幣價格上漲更像是陰謀集團的行為。

This "war of words" had a significant impact on market sentiment. After Alon's "OG" speech was released at 00:15, the market value of the Pump.fun version of $GLONK rose from $7.8 million to $13.4 million, showing its short-term boost to market sentiment.

這種“言語戰爭”對市場情緒產生了重大影響。在Alon的“ OG”演講發行於00:15之後，泵的市場價值$ Glonk的市場價值從780萬美元上升到1340萬美元，顯示出其短期增強到市場情緒。

However, the market cap of the Bonk.fun version rebounded to $16.5 million in the following 10 hours, while the Pump.fun version fell to $4.4 million, indicating that the market ultimately favored the Bonk.fun version.

但是，Bonk.Fun版本的市值在接下來的10個小時內反彈至1650萬美元，而泵。 Fun版本下降到440萬美元，這表明該市場最終偏愛Bonk.Fun版本。

Earlier, the official account of Pump.fun had blocked Tom, the developer of Bonk.fun, which also highlighted the tense competitive situation.

早些時候，Fump.Fun的官方帳戶封鎖了Bonk.Fun的開發商Tom，這也強調了緊張的競爭狀況。

At present, it seems that $GLONK on Bonk.fun has indeed won, but the victory of a single token may not fully explain the problem. The competitive advantages of each platform and the means of attracting users are the key.

目前，似乎在bonk.fun上的$ Glonk確實贏得了勝利，但單個代幣的勝利可能無法完全解釋問題。每個平台的競爭優勢以及吸引用戶的手段是關鍵。

Form alliances and strike back

結盟並反擊

Today’s data shows that the number of graduated tokens on Raydium’s LaunchLab (mainly the Bonk.fun launch

今天的數據表明，Raydium的啟動列表上的畢業令牌（主要是Bonk.Fun發射