Boop.fun, a new Solana-based memcoin startup platform, has published a map of $BOOP token distribution to answer the community's doubts.
Bubblemaps analysis confirmed that 50% of the total tokens are indeed directed to a pool of rewards for creators and holders. Against the backdrop of the launch, interest in BOOP skyrocketed and the exchange rate jumped more than 210% in 24 hours.
Token Allocation Disclosure and Traders’ Reaction
On May 2, the analytics service Bubblemaps released a visualization of the $BOOP token distribution. The map confirmed that the largest portion is indeed reserved for user rewards. An additional 15% is allocated for an airdrop and 10% for the project team. This step aimed to ease concerns among traders who had begun questioning Boop.fun’s tokenomics transparency.
The project has committed to distributing tokens to participants who create so-called “cults” — new tokens built on Solana. To earn rewards, the created token must pass specific performance metrics, including reaching a certain market cap.
How Boop.fun Works
According to users and early testers, Boop.fun offers a simple interface for launching meme coins on Solana. Access is available through X, and launching a token requires minimal technical knowledge. After launching, users promote their “cults” via social media and receive $BOOP for reaching certain milestones.
The $BOOP token acts as the platform’s native currency. By staking $BOOP, participants receive a share of trading fees and tokens from successful cults. Current rules allocate 60% of all Solana trading fees to stakers, and 5% of the token supply from “graduates” goes to $BOOP holders. Additionally, 30% of transaction fees are used to buy back $BOOP from the market, which could help support its price.
Airdrop Mechanics and Community Criticism
According to the announcement, 150 million $BOOP tokens are allocated for the airdrop. Eligible participants include users actively engaging with the project on X and launching their own cults. Distribution is tiered, based on engagement and follower count. The awarded tokens are locked for 30 days, but early unlocking is possible if the launched token reaches a specified market cap (e.g., $5 million).
This mechanism has sparked mixed reactions. Some users note that rewards depend not just on launching a token but also on attracting buyers, which may encourage aggressive self-promotion without sufficient project substance.
Market Performance and Current Metrics
According to GMGN.Ai, the $BOOP token surged 210% in 24 hours, reaching approximately $0.38. The token’s market cap hit $380 million, with a daily trading volume of $114 million. This spike in activity is attributed to growing interest in meme coin platforms and the speed of the Solana network.
Boop.fun leverages X integration for promotion, making the platform appealing to influencers, traders, and meme coin enthusiasts. Specialized sniper bots have already emerged within the ecosystem, enabling fast trading and monitoring of new tokens.
Who Is Behind the Project
Rumors suggest that the platform was created by NFT whale and crypto entrepreneur dingaling, in partnership with KaitoAI. Their focus is on virality, gamification, and ease of use. According to the team, the main goal is to “democratize meme coin creation” and build a sustainable community.
According to users, Boop.fun still needs to prove its long-term viability, but the initial launch and market response show that interest in such platforms remains strong — especially when they blend entertainment, rewards, and game mechanics.
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This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.
