牛市迅速回来，最快的返回部门是模因部门。

最近，该链条上有很多金狗，看来殴打狗的热情已经回来了。

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

牛市迅速回来，最快的返回部门是模因部门。

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，该链条上有很多金狗，看来殴打狗的热情已经回来了。

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，在链上模因领域中，与上一轮泵。FUN是唯一的统治者，其中有更多的挑战者需要泵。

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.

毕竟，该平台每天通过发布模因从交易费中赚钱是一项非常有利可图的业务。因此，您可以看到最近大量出现了各种发射台，在每个发射台上，都有金狗试图吸引股市有限的关注。

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.

在这种环境中，两个平台开始发布具有相同名称的模因。例如，如今，一个带有相同名称的令牌$ glonk出现在letsbonk.fun（以下称为bonk.fun）和pump.fun上，两个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社区共同孵化。 Raydium通过其启动行平台为Bonk.Fun提供技术支持；尽管Bonk社区依靠其Meme Token $ Bonk的影响，为Bonk.Fun提供了基本的基础。

This is clearly a strong competitor to Pump.fun.

显然，这是一个强大的竞争者。

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.

从表面上看，这是代币的战斗，球员押注Glonk将获胜的球员。但是实际上，这是Solana生态系统的基础设施战争，这不仅涉及平台的技术实力，社区支持和发展前景，而且还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.

代币代表受欢迎程度和关注。高端平台之间的竞争通常以某种代币的价格以赛马的形式出现。

The same currency competes with the founders in the air

相同的货币与空中创始人竞争

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

从当前的情况来看，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.

截至发稿时，Bonk.Fun版本的$ Glonk的市场价值约为1650万美元，而Pump.Fun的市场价值为440万美元； $ glonk的Bonk.Fun版本在交易量和流动性方面也是领先的。

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

$ Glonk代币的价格波动的背后是Bonk.Fun和Pump.Fun的创始人之间的激烈对抗。

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.

尽管没有直接对抗，但Bonk.Fun开发人员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.

汤姆（Tom）张贴说，每个人都应该支持bonk.fun； 2分钟后，阿隆也发布了类似的句子“发送OG”。方向和含义是不言而喻的。

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.

更令人兴奋的是，双方都逐渐使他们的意图清晰并互相命名，称他们自己平台上的$ Glonk是最好的解决方案。

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

汤姆（Tom）认为，市场已经做出了选择，Glonk代币的价格自言自语。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上的代币的市值为30亿美元，而泵的市值仅为170,000美元，但有人发布了一些东西，说“支持OG版本”，我认为这是非常低级的。”

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.

阿隆认为价格绩效不能解释问题。 pump.fun拥有自己骄傲的基层文化和社区精神；邦克的代币价格上涨更像是阴谋集团的行为。

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.

这种“言语战争”对市场情绪产生了重大影响。在Alon的“ OG”演讲发行于00:15之后，泵的市场价值$ Glonk的市场价值从780万美元上升到1340万美元，显示出其短期增强到市场情绪。

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版本的市值在接下来的10个小时内反弹至1650万美元，而泵。Fun版本下降到440万美元，这表明该市场最终偏爱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.

早些时候，Fump.Fun的官方帐户封锁了Bonk.Fun的开发商Tom，这也强调了紧张的竞争状况。

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确实赢得了胜利，但单个代币的胜利可能无法完全解释问题。每个平台的竞争优势以及吸引用户的手段是关键。

Form alliances and strike back

结盟并反击

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

今天的数据表明，Raydium的启动列表上的毕业令牌（主要是Bonk.Fun发射