The meme coin launch space continues to show concentration trends. Recent data reveals that Pumpfun commands a substantial 54% share of new token volume, establishing itself as the dominant platform in this segment. Following closely behind, Bags launchpad captures 28.6% of market activity. This market structure reflects growing preference among projects choosing between major launchers, with the top two platforms controlling over 80% of new volume in the category. The competitive landscape remains dynamic as both platforms vie for launcher preference and trading volume in the rapidly evolving token deployment ecosystem.