Boop.fun token launch is reduced by 90% despite bids for compete pump.fun

Boop.fun tried to take the Pump.fun crown last week as the next Big Solana Meme Launchpad. Within a few days, the creation of tokens was significantly slower despite intense promotions.

Boop.fun was launched as Solana’s second meme launchpad with flying colours and a big promise. The platform offered additional perks, such as profit sharing, at Pump.Fun.

On the first day after its release, Boop.Fun created 10,877 tokens, of which 154 graduated to Dex. This activity level is similar to Pump.Fun being one of the weaker days, but it was the best day for Boop.Fun. Immediately after its release, daily token creation went down 90%, and on May 4th it was 1,072 tokens lower.

The platform was heavily promoted by crypto influencers and gained exposure in the first few days after its launch. So far, Boop.Fun has interacted with around 85,000 unique wallets. Between May 106, the platform had a total of 22,643 tokens, with a one-day launch on Pump.fun.

The platform is still in its early stages and is the first rival to be released on Pump.solana. Other candidates, such as Tron’s Sunpump and the Four Mems in the BNB chain, also tapped only a small portion of Pump.fun traffic. Boop.Fun is trying to attract users to its trench with the promise of sharing fees with token creators.

The platform attracts major opinion leaders (KOLSs) as the primary source of token creation.

X influencers have received the boop token and created meme tokens for their own brand as a way to promote boop.fun. Source: Boop Screener

The big difference with Pump.Fun is that boop holders can wager tokens to win a platform fee. At the same time, Kols and Crypto celebrities only get more boops if they launch and promote meme tokens.

This created a new category where KOLS uses the brand to launch new meme tokens. The success of these assets has not yet been proven, and we will see if X’s crypto celebrities can shake up some of the traffic from pupp.fun.

Binance’s Changpeng ‘CZ’ Zhao weakens enthusiasm for Boop.fun

One of the main sources of attention in Boop.Fun has been added to Binance Alpha, the regular list of curated tokens. Following the exposure, the boop revolved nearly $0.40. The token is still in its early stages and is very volatile due to its low volume.

Assets still rely on Dex transactions, including Pancakeswap and Orca.

However, the attention from the Binance Ecosystem was not entirely positive. Binance founder Changpeng ‘CZ’ Zhao commented on information that the project founder had played a leadership role in Binance Exchange.

The founder of Boop.Fun, known as Dingaling of X, took part in the creation of Pancakeswap, but he reportedly never held an executive position in the company.

Additional exposures from “CZ” Zhao did not support Boop.fun in the first run. The next few days will show whether Kols will work well as a token creator and exchange “trench” in Pump.Fun.