Bonk.fun (also known as LetsBonk) is a Solana bonding-curve launchpad that pulled level with Pump.fun on daily launches by mid-2026. It uses the same curve mechanics most Solana traders already know, graduates tokens to Raydium, and routes a slice of platform fees into BONK buybacks and trader rewards. This guide walks through how to use it, what to watch for, and how to wire it into existing bots.
If you already trade Pump.fun, the workflow is almost identical. The differences are the fee split, the graduation destination, and the reward layer that pays you back for trading volume.
What Is Bonk.fun?
Bonk.fun is a Solana launchpad built around the BONK ecosystem. Anyone can deploy a token for a small SOL gas fee, the token trades on a bonding curve, and at ~85 SOL raised it graduates to a Raydium liquidity pool. Trading happens through any wallet or bot that supports LetsBonk routing, which by mid-2026 means every major Solana tool.
The pad launched in late 2024, took off in late 2025, and dethroned Pump.fun on daily launches multiple times in early 2026. It usually trades within a few points of Pump.fun on volume and graduation count. For deeper comparison, see our LetsBonk vs Pump.fun guide.
How to Trade on Bonk.fun
There are three common ways to buy and sell:
1. Web Interface (bonk.fun)
Connect a Solana wallet (Phantom, Solflare, Backpack), browse the new token feed, click any token to see its curve, holders, and recent trades. Set slippage, set your buy size in SOL, click Buy. The same flow works for sells. The web UI is the simplest entry point for new users.
2. Trading Bots
Most major bots integrate Bonk.fun routing. You paste a token contract address into the bot, and the bot detects the curve and executes. Bots worth using:
- BullX — Web terminal with Bonk.fun sniper, safety panel, and bundle detection
- GMGN — Telegram bot with strong holder analytics for both pads
- Trojan — Telegram-first execution with BOLT engine
- Photon/Axiom — Web terminal with one-click buy on either pad
- Maestro — Multi-chain bot, slower on LetsBonk-specific features but works
For most traders, the bot you already use for Pump.fun will work for Bonk.fun without any new setup.
3. Aggregators (Jupiter, etc.)
Once a token graduates to Raydium, you can also trade through Jupiter or other aggregators. Pre-graduation, the bonding curve isn’t routable through aggregators because the liquidity isn’t in a standard pool format.
Fees and Costs
Bonk.fun on-curve fees are similar to Pump.fun’s but with a different split.
| Cost component | Bonk.fun rate |
|---|---|
| Buy/sell fee on curve | 1% |
| Creator fee share | ~0.1% |
| Migration fee at graduation | ~0.3 SOL (paid by curve, not trader) |
| Post-graduation swap fee (Raydium) | ~0.25% |
| BONK buyback allocation | Portion of platform revenue |
The 1% on-curve fee is the same as Pump.fun. The visible cost to a buyer is identical. What changes is what happens to the fee revenue:
- A portion funds BONK buybacks, which adds buy pressure to the BONK token
- A portion funds the trencher rewards program
- A portion goes to the creator and the platform
If you trade through a bot, you’ll also pay the bot’s swap fee (usually 0.5%-1%) plus priority and Jito tips. For a full breakdown of execution costs, see our Solana bot fees guide.
Sniping Bonk.fun Launches
Sniping mechanics on Bonk.fun mirror Pump.fun closely.
Setup
In any sniper-capable bot, point the launch watcher at Bonk.fun (or “all Solana launchpads”). Set your buy size, slippage, max market cap filter, and any safety thresholds you want enforced.
Sample sniper config that works on either pad:
| Setting | Conservative | Standard | Aggressive |
|---|---|---|---|
| Buy size | 0.1 SOL | 0.3 SOL | 1+ SOL |
| Max market cap | 50 SOL | 200 SOL | None |
| Slippage | 5% | 10% | 15-20% |
| Jito tip | 0.001 SOL | 0.003 SOL | 0.01+ SOL |
| Auto-sell at | 2x | 3x | Manual |
| Stop loss | -30% | -50% | -70% |
These numbers aren’t gospel. They’re a starting point. Tune to your own risk tolerance and the bot you use.
Bundle Launches and Insider Wallets
Bonk.fun has the same bundle launch problem as Pump.fun. A team creates a token and submits multiple buys in the same block as the launch, locking up 30-70% of supply before retail sees the token exists. Tools that flag this:
- GMGN shows insider holdings and bundled buys on the token detail page
- BullX has a wallet relationship graph and bundle detection
- Bubblemaps visualizes wallet clusters and funding sources
If a token shows 10 wallets controlling 50%+ of supply with all buys in the first block, skip it. The bundled launch detection guide has the full workflow.
Safety Checks
Pre-trade safety is the same as Pump.fun. Run honeypot detection, check mint and freeze authority status, verify the LP burn (which happens automatically at graduation, not pre-graduation), and check the holder distribution. The Solana honeypot checker guide covers the full 30-second routine.
Graduation to Raydium
When a token hits ~85 SOL raised, the bonding curve closes and the LP migrates to a Raydium pool. A few things happen at this point:
- The migration fee (~0.3 SOL) is paid from the curve, not the trader
- The LP is burned, so no one can pull the liquidity
- The token is now tradeable on Raydium and routed through Jupiter
- DEX screeners pick up the token and new buyers arrive
Graduation is often the highest-volatility moment in a token’s life. Bots are watching, retail is watching, and the trading flow can move dramatically in either direction within minutes. If you held through the curve, decide before graduation whether you’re holding through or taking profit.
The difference from Pump.fun is the destination. Pump.fun graduates send tokens to PumpSwap (Pump.fun’s own DEX). Bonk.fun graduates go to Raydium, which has deeper Solana DeFi composability (yield farms, lending markets, more arb activity).
Trencher Rewards
This is what makes Bonk.fun structurally different from Pump.fun.
A portion of platform revenue is distributed back to active users (called trenchers) based on volume and consistency over a 30-day window. Holding BONK tokens also boosts your reward tier.
The exact formula has shifted since launch. As of May 2026, the broad shape is:
- 30-day Bonk.fun trading volume determines your base reward tier
- BONK holdings can boost the multiplier
- Rewards are paid weekly in SOL and BONK
The headline rates look attractive, but the catch is the volume threshold. Most casual traders won’t hit the tiers where rewards become meaningful. If you trade $100K+ a month on Bonk.fun, the rewards are real money. Below that, it’s marginal.
Pump.fun doesn’t have an equivalent program for active traders, though it has been rolling out creator rewards.
Risks and Common Mistakes
Bonk.fun isn’t safer than Pump.fun. Same Solana, same bonding curve, same rug patterns. A few things to watch for:
Chasing Reward Tiers
Don’t trade more than your strategy calls for just to hit a higher reward tier. Trading fees and slippage usually outweigh the rebate unless you’re at the top tier and trading deliberately.
Bundled Launches Disguised as Community Pumps
A token that opens with strong “community buying” might actually be one team using multiple wallets. The same bundle detection tools that work on Pump.fun work here. Don’t get distracted by the BONK branding.
Trusting the BONK Halo
Bonk.fun is associated with BONK but operates independently. A token launching on Bonk.fun isn’t endorsed by anyone. Treat each token on its merits.
Migration FOMO
When a token graduates to Raydium, there’s usually a small spike of buying as DEX screeners pick it up. That spike often fades within hours. Don’t FOMO into a freshly graduated token just because the chart looks promising.
Bonk.fun vs Pump.fun: Quick Take
For the full comparison, see our LetsBonk vs Pump.fun guide. Here’s the short version:
- Pump.fun: Bigger ecosystem, deeper bot tooling, PumpSwap graduation, no trader rewards
- Bonk.fun: Smaller but growing, Raydium graduation, BONK-tied rewards, trencher program
Most active traders run scanners on both and trade whichever has the next mover.
FAQ
Is Bonk.fun the same as LetsBonk?
Yes. Bonk.fun is the platform’s domain, LetsBonk is the brand name many traders use, and the project ties into the BONK ecosystem. You’ll see all three names in the wild.
Can I trade Bonk.fun with my existing wallet?
Yes. Any Solana wallet (Phantom, Solflare, Backpack) works. No special setup required.
Do trading bots support Bonk.fun?
The major bots all do. BullX, GMGN, Trojan, and Photon/Axiom snipe Bonk.fun launches with the same workflow as Pump.fun. Older or niche bots may still be catching up.
What’s the minimum amount to trade?
Bonk.fun doesn’t enforce a minimum beyond Solana gas. You can trade with 0.01 SOL if you want. Bot fees and slippage make tiny trades cost-inefficient, so most traders start at 0.1 SOL or more.
Do Bonk.fun tokens graduate the same way Pump.fun tokens do?
Mechanically yes, with two differences: graduation goes to Raydium instead of PumpSwap, and there’s a ~0.3 SOL migration fee paid from the bonding curve (not by traders).
Are Bonk.fun rewards worth chasing?
Only if you’re trading meaningful volume on Bonk.fun anyway. The rewards are real but the thresholds matter. Casual traders rarely see significant rebates.
What to Read Next
- LetsBonk vs Pump.fun: Solana Launchpad Compared — Direct comparison of both pads
- Pump.fun vs LaunchLab vs PumpSwap — The wider Solana launchpad picture
- Solana Honeypot Checkers & Contract Scanners — Pre-trade safety routine
- Detect Bundled Launches & Insider Wallets — Spot rug patterns early
- Solana Trading Bot Fees Compared — Real cost breakdown across bots
Disclaimer: Bonk.fun trading carries real risk. Most tokens lose money. Platform rewards do not offset losses on bad trades. This is not financial advice. See our full Risk Disclaimer.
