The market value of the new meme coin issuance platform BONK, Letsbonk.Fun, has fallen back to around 13 million dollars, having previously reached a high of 30 million dollars

According to GMGN market information, the new meme coin issuance platform Letsbonk.Fun has seen its token LetsBONK's market capitalization fall back to around 13 million USD, having previously peaked at 30 million USD.

As of the time of writing, the token's 24-hour trading volume reached 55.9 million USD. In addition, another meme coin on the platform, Hosico, currently has a market capitalization of 11.03 million USD, with a 24-hour trading volume of 18.7 million USD. Some community members have expressed that the token distribution model is not transparent.

Yesterday, it was reported that the meme project BONK launched the meme coin issuance platform Letsbonk.Fun.