The memecoin craze on Solana seems to be going full steam ahead, with new arrival $BOOP storming the market and briefly rocketing past a $500 million market cap less than an hour after its launch.
With more than $70 million in trading volume on launch day alone, $BOOP claimed the title of the most traded token on Solana, our first sign that the nascent project probably lives in the pay-to-play world of contemporary Solana speculative activity.
Started as the platform token of boop.fun, $BOOP represents something more than a simple meme asset. It’s the very native utility token of a new memecoin launchpad based on Solana, which has been set up by @dingalingts, a big-time NFT collector and crypto influencer. The goal of boop.fun is to serve as an alternative to launch mechanisms of yore, like Pump.fun, with one key difference: this time the platform turns part of the revenue generated by the platform back to holders of the BOOP token.
This structural incentive, along with powerful branding and hype-driven momentum, fed BOOP’s explosive start. Although the token has since cooled a bit — it now has a $370 million market cap — it continues to deliver stunning liquidity and volume numbers. These are especially impressive given the fact that this is a nascent project and the meme space has recently seen a slowdown in the kind of momentum that drives tokens like this one.
🔥 $BOOP briefly surpassed a $500M market cap just 1 hour after launch, now sitting at $370M with over $70M in trading volume — the most traded token on Solana today! 🚀$BOOP is the platform token of https://t.co/JU3qxMzlvy, a memecoin launchpad on Solana founded by NFT whale &… pic.twitter.com/5dHvE0gWf3
— Followin (@followin_io) May 1, 2025
Smart Money Jumps In Early — Big Bets and Big Gains
$BOOP has a new player with some pretty serious backing. When it comes to who’s making the largest moves in the new project, one wallet in particular stands out.
It’s known for generating profits on other coin plays to the tune of over $17.3 million — with successful plays like $TRUMP, $MELANIA, and $LIBRA. And now, this wallet has moved in the direction of $BOOP.
Blockchain data shows that this smart money wallet deployed 2,500 SOL (about $377,000) to construct its position in $BOOP shortly after the token launched. The average cost for the investment was a low $0.07115 per token, which is a good entry point considering the BOOP experienced a massive upside in the first hour of trading.
Currently, this early investor’s $BOOP position has swelled to a market value of about $977,000, securing a profit of roughly $600,000 in just hours. That’s a 159% return on investment—a true showcase of the high-risk, high-reward world of early meme coin investing and the growing savvy of players in the space.
这下五一假期热闹了🔥 $BOOP 速通 5 亿，梦回一月
「曾在 $TRUMP / $MELANIA / $LIBRA 上获利超 1730 万美金的聪明钱」在市值 7000 万美元左右豪掷 2500 $SOL （37.7 万美元）建仓 BOOP，成本低至 $0.07115；现已获利 60 万美元，回报率 159%
本文由 #Gateio |… https://t.co/sUKK7ytkuf pic.twitter.com/0NMphVtJMa
— Ai 姨 (@ai_9684xtpa) May 1, 2025
This kind of quick and careful placement reflects a bigger trend: smart money is not backing away from the meme sector. In fact, it’s becoming more involved, more deliberate, and more in-your-face about it. The appeal of sites like boop.fun—which exist to give community-aligned incentives and push new narratives—makes them seem like speculative bets.
Beyond the Hype: Could $BOOP Have Staying Power?
Although substantial profits and massive trading volume are attractive, they pose a pertinent question: Are these sustainable? Can $BOOP keep up its current pace, or will it fold like so many memecoins that burst and then deflate once they’re out of the spotlight?
The fee-sharing scheme offered by boop.fun could prove a critical advantage in bringing the price of $BOOP up. By rewarding holders directly, it strongly and inarguably incentivizes a long-term commitment to holding $BOOP, since that is how one reaps the reward that is $BOOP itself. Immediate sell-offs, which might be expected when one is coming down off the high of trading with something like $BOOP, are seriously discouraged by the design of the system.
Obviously, there are still big risks. Like all memecoins, $BOOP is very volatile, its price grows or shrinks at an astonishing pace, and it is very much driven by the kinds of sentiment ups and downs that social media can generate. What is happening with the token in these next days will be a very serious test of its viability. If it can hold steady, that will be a good sign for it. If it can’t, that might not be a good sign for it.
Even so, in a meme landscape that is becoming more and more competitive, $BOOP has already shown that it can seize attention. That’s not just from retail traders, but also from big fish and experienced speculators. Its success to this point in combining community-driven hype with genuine platform utility could set a new standard for the way meme tokens are launched and maintained.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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