Executive Summary

In the last 24 hours, Solana launchpads have processed an estimated $121.8 million in trading volume, with 88 tokens successfully graduating from bonding curves to full DEX liquidity (Raydium). Pump.fun remains the undisputed king of the ecosystem, (much like it’s King of The Hill format)— capturing 75.8% of volume and 86.4% of graduations — while letsbonk.fun holds a distant second. 

Despite thousands of daily launches though, only ~0.5–1% of tokens graduate, underscoring the hyper-competitive nature of Solana’s meme coin meta.

24-Hour Launchpad Trading Volume

Rank	Launchpad	Volume (USD)	Market Share
1	pump.fun	$92.30M	75.8%
2	letsbonk.fun	$13.55M	11.1%
3	Meteora Dynamic Bonding Curve	$7.42M	6.1%
4	moonshot.money	$4.51M	3.7%
5	Bags	$2.43M	2.0%
6	LaunchLab	$861K	0.7%
7	Jupiter Studio	$666K	0.5%
8	Heaven	$54K	<0.1%
9	moon.it	$8K	<0.1%
10	boop.fun	$9K	<0.1%

Total 24h Volume: $121.8M
Source: SolCypher.ai | 18:25 WAT snapshot

Token Graduations (Bonding → Raydium)

Platform	Graduations	% of Total
pump.fun	76	86.4%
letsbonk.fun	11	12.5%
moon.it	1	1.1%

Total Graduations: 88
MemeScope-detected | Last 24 hours

Graduation Rate Context:
Pump.fun sees 10,000–20,000 new tokens launched daily (per historical trends). 

Only ~0.38–0.76% graduate within 24h of launch. This confirms extreme filtering — survival of the fastest snipers and strongest communities.

Smart Money Net Flow (Top Inflows)

Token	24h Inflow	7d Δ	30d Δ	MC	Age | Traders
PRIVATE	+$638.8K	+$638.8K	+$638.8K	$42.77K	1d | 2
CUMSHOT	+$235.6K	-$1.02K	-$1.02K	$19.04K	1d | 1

Notable:
– PRIVATE saw massive single-day smart money accumulation — likely a coordinated move or sniper front-run.

– CUMSHOT shows strong short-term inflow but negative longer-term — possible profit-taking or fading momentum.

Key Takeaways for Traders & Builders

1. Pump.fun is the meta right now.
→ 75%+ of volume, 86%+ of graduations. If you’re not here, you’re noise.

2. Graduation is rare.
→ <1% of launched tokens make it to Raydium. Speed, community, and narrative are everything.

3. Smart money moves fast.
→ $638K into a $42K MC token in <24h? That’s sniper capital. Track wallets, not charts.

4. Volume ≠ Success.
→ High fees don’t mean sustainable projects. Most volume is speculative churn.

So in essence, seek to get out before bonding curve is completed and adjust, because not many tokens are bonding right now. 

Final Thoughts

The Solana meme coin casino is running hotter than ever — $121.8M in daily volume across launchpads, but only 88 winners emerge from the bonding curve gauntlet.

For degens: Snipe early, watch smart money, exit fast.
For builders: Narrative > tech. Speed > perfection.