The advantage of PumpFun is that when the liquidity is at its best, there is no fixed leading project, and 90% of the funds will be lost after a project is hyped. The advantage is that each new theme leader can quickly gather funds and always exceed the previous market capitalization limit. The ceiling is purely market-dependent. The disadvantage is that it is easy to make old project holders lose money (but this is also the shortcoming of all memecoins, and it will inevitably fall after the hype period). Bonk's strategy is to use the leader to attract investors, this method is the same as the previous BSC, which will definitely bring a lot of confidence to new investors in the short term, but in the long run, the leader has suppressed the upper limit of other new coins, and now the maximum market value of the entire platform is still useless coins, and the currency price needs to be maintained for a long time. And now in the case of poor liquidity, if the narrative of bonk still copies the former pump, I think it will still face the same problems as pump in the long run. It depends on whether BONK can find a solution in the future This problem is also a problem in the current market, and there is no new thing to hype for any launch platform, which is basically the same.