Bonk.fun (LetsBonk) is a legitimate, lower-cost alternative to Pump.fun: its BONK Classic launches charge a 0.30% swap fee and no creator fee, against Pump.fun's 1.25% on the bonding curve. The trade-offs are no official fee page, much less activity than Pump.fun in 2026, and a March 2026 domain hijack that drained some users' wallets. It scores 7.2/10 in our launchpad listings.
Risk notice: Crypto trading is high risk and memecoins can go to zero in minutes. Trading bots and wallet connections use hot wallets. This page is not financial advice; only trade what you can afford to lose.
Facts on this page were checked October 23, 2026, from Bonk.fun's own revenue dashboard and the sources linked below. This is a research-based review built from published docs, not a hands-on trial.
Verdict
Use Bonk.fun if you trade or launch coins where per-trade cost matters more than reach, and you check whether each coin is a Classic or BONKERS launch. Skip it if you want a published fee schedule, the deepest pool of buyers, or a platform whose fees you can confirm from official docs.
Bonk.fun's main weakness in October 2026 is scale. DefiLlama showed about $5.12 million in 30-day fees for BONK.fun Launchpad on October 23, 2026 (DefiLlama), down from about $7.1 million a month earlier, while Pump.fun showed about $63.9 million (DefiLlama).
History: from LetsBonk to Bonk, Inc.
- April 2025: launch. LetsBonk.fun launched as the BONK community's launchpad on Raydium's LaunchLab engine (Decrypt).
- July 6, 2025: the flip. It created 19,620 tokens in a day against Pump.fun's 9,249 and took 58.5% of Solana launchpad market share, the first day Pump.fun didn't lead (same Decrypt report). Pump.fun took the lead back.
- August 2025: public-company link. Nasdaq-listed Safety Shot acquired a 10% revenue-sharing interest in Bonk.fun, put BONK core members on its board and reserved the BNKK ticker (TipRanks/The Fly). The company now trades as Bonk, Inc.
- January 14, 2026: new launch types. BONK Classic and BONKERS launches (Cryptonews).
- March 2026: domain hijack (below).
- July 2026: Circus. BONK announced Circus, a separate launchpad aimed at Robinhood users (Decrypt press release). It is not the same product as Bonk.fun.
Fees summary (as of October 2026)
Bonk.fun has no public fee page we could open; the figures below come from news reports of its January 2026 announcement (Cryptonews).
- BONK Classic: 0.30% swap fee, with "most of that fee routed back into liquidity," and 0% creator fee.
- BONKERS: swap fees cut by up to 50%, but creator fees "can be raised significantly"; rewards are paid in a single quote asset. Exact rates are not published.
- Engine limits: Bonk.fun runs on Raydium LaunchLab, which since August 2026 caps platform fees at 1% and creator fees at 0.5% on top of Raydium's protocol fee (Solana Compass).
On a Classic coin, a buy and a sell cost about 0.6% in launchpad fees, against about 2.5% on a Pump.fun curve coin (our arithmetic). Your bot's fee comes on top of both. The side-by-side table is in Bonk.fun vs Pump.fun.
Where the money goes
Bonk.fun publishes a revenue dashboard. As of October 23, 2026 it shows the split since December 3, 2025: 51% "Buy for BNKK" (buying Bonk, Inc. shares), 10% community marketing, 10% BONKsol staking, 4% marketing, 2% BonkRewards, and about 7.67% each to a $GP reserve, hiring and development. Earlier splits funded BONK buy-and-burns. The dashboard flagged its latest data, from October 15, 2026, as stale when we checked, so treat its totals with care.
For traders, the point is simple: platform revenue mostly supports the BONK ecosystem and a listed company, not the coin you're trading.
Safety: the March 2026 domain hijack
On March 11, 2026, attackers took over the bonk.fun domain and served a wallet drainer. The team posted that "A malicious actor has compromised the BONKfun domain" and told users not to interact (BeInCrypto). Users who signed a fake terms-of-service message were drained; traders using BONK terminals were not affected, per AMBCrypto.
Bonk.fun later said a social-engineering attack on its domain provider let attackers move the domain, and that its codebase and team accounts were not compromised. The domain came back on March 18 and full service on March 19; losses were put at about $30,000, and the team pledged to repay 110% (AMBCrypto). We found no independent report confirming payouts were completed.
The lesson applies to any launchpad: a real site can turn hostile. Never sign a message you didn't expect, and use a separate trading wallet. More in how to spot a rug pull on Solana and are Solana trading bots safe?
Checks before buying a Bonk.fun coin
- Find out the launch type. A Classic coin and a BONKERS coin can cost very different amounts to trade.
- Check holders and dev wallets. Low fees don't stop insiders dumping; run the token through the steps in how to use RugCheck.
- Type the address yourself. After the hijack, bookmark bonk.fun and never sign a "terms" or "verify" message you didn't expect.
- Confirm your bot supports it. Not every Solana bot routes LaunchLab curve trades.
Pros and cons
Pros
- BONK Classic: 0.30% swap fee and no creator fee
- Built on Raydium's LaunchLab, with documented fee caps
- Public revenue dashboard
- Hack losses were small, and the team pledged 110% repayment
Cons
- No official fee page; fee figures come from news reports
- 30-day fees about one-twelfth of Pump.fun's on DefiLlama
- Domain hijack in March 2026
- Two launch types with different fee rules
How Bonk.fun scores
| Factor | Assessment |
|---|---|
| Fees (30%) | Lowest of the large launchpads on Classic coins |
| Features (30%) | Two launch types; LaunchLab graduation; fewer extras than Pump.fun |
| Track record (25%) | March 2026 domain hijack, about $30,000 lost, 110% repayment pledged |
| Ease of use (15%) | Simple UI, but fee rules aren't documented in one place |
Overall: 7.2/10. Method: about page.
Alternatives
- Pump.fun: far more activity and every fee published, at a higher cost.
- Bags: best if you're a creator who wants ongoing royalties.
- Raydium LaunchLab directly: the same engine with more settings.
Full rankings: best Solana launchpad and Pump.fun alternatives. To trade launches quickly, see best Pump.fun trading bot and check that your bot supports Bonk.fun coins.
