Hilarious how this is still under the radar and the fun hasn't even started.
Thread
- Posted
- 2026-09-19 18:48 UTC
- First seen
- 4h ago via the feed
- Chain
- Solana
- Position when posted
- $16.8K
- Likes
- 1
Other theses on this trade
Bonkfun and Graphite are backed by an experienced team of over 10 developers, the exact same group that previously brought Pumpfun to its knees. With their ecosystem flywheel currently sitting at a $27M FDV and $16M circulating market cap, the buyback wallet has just reactivated, and a launch is only days away. The team is actively building multiple revenue streams across various chains, including Solana and Robinhood. While Stonk and Pump are both gaining volume, there is still no clear market winner, setting up Bonkfun to aggressively reclaim market share. In hindsight, this will be the most obvious play on the market.
This will be my final thesis, Bonkfun and GP are getting ready to relaunch. This isn't just a team of vibe coders blindly forking a DEX onto a new launchpad, this is a proven team that previously held 80% of the launchpad market share and took down Pump.fun at its peak. Day-one release is set to bring tokenized stocks across multiple chains. On top of that, they bring established brand recognition, so acquiring initial traction and volume will be easy. Right now, the coin sits at a circulating market cap of just $18M, while competitors like PONS sit at $600M and STONKS at $150M. Fading a battle-tested team with an impending flywheel at a $10M valuation is a massive miss. This will be obvious in hindsight.