Cryptocurrency skyrockets by over 200% following Bubblemaps unveiling its visualization
Boopin' Along with Boop Crypto:
Embrace the vibe of the wild new Solana-born meme coin, Boop! Boop crypto, that cute cat winking token, launched on the meme coin platform Boop.fun just the other day. Yup, it's all the rage, and its soaring 200% in less than a day ain't nothin' to sneeze at!
On May 2, the buzz surrounding Boop.fun's innovative reward mechanism stole the spotlight, with On-chain analysis platform Bubblemaps showcasing Boop crypto's token distribution to help traders make informed decisions.
As per the official tokenomics, 50% of the tokens will be pooled for creators and holders, earning Boop with a graduate cults rewards program. However, sceptics are scratchin' their heads, wonderin' if this whimsical promise will actually materialize.
To set minds at ease, Bubblemaps fills in the blanks, painting a picture that matches Boop's tokenomic claim. The rewards pool scores the biggest allocation of Boop tokens, by the way. Meanwhile, 15% goes towards airdrops, and 10% is allocated for the project team.
"Cat's out the bag – Boop's token distribution matches their tokenomics claims," shared Bubblemaps in a recent post.
Let's dive into the numbers, shall we? According to data on GMGN.Ai, the little feline is hi-yah up 242% in the last 24 hours, sittin' pretty at around $0.45. With a $350 million market cap and a $108 million daily trading volume, ain't nobody sleepin' on Boop!
The Story Behind Boop Crypto, Boop.fun, and Dingaling
Launched on May 1, Boop is the token that backs Boop.fun, a Solana-rooted meme coin platform that lets users create meme tokens (or "cults") complete with social media authentication and bonding curve mechanics.
Intrigued by its differences from popular meme coin launchpads like Pump.fun and PancakeSwap, Boop.fun channels transaction fees to BOOP token holders via its rewards program.
So far, the platform's claimed to allocated at least 150 million Boop crypto for distribution amongst active users and influencers through a series of airdrops. In partnership with KaitoAI, Boop.fun identifies top X influencers based on followers, engagements, and meme-related activity, sortin' them into tiers.
Followin' the sign-up and creation of a Boop "cult" on the platform, users can claim airdrops. Airdropped tokens remain locked for 30 days with a faster unlock depending on the token's performance. However, concerns about potential exploitation persist if not managed properly.
Get ready to roll with Boop, folks! The new wave in Solana's meme coin genre is here, and you won't wanna miss out on the fun!
- Boop crypto, the Solana-born meme coin represented by a winking cat, launched on the meme coin platform Boop.fun.
- On May 2, on-chain analysis platform Bubblemaps highlighted Boop crypto's token distribution, aiming to assist traders in making informed decisions.
- According to the official Boop tokenomics, half of the tokens are reserved for creators and holders, through a graduated cult rewards program.
- Bubblemaps reported that the rewards pool, airdrops, and the project team each receive 15%, 10% and 10% of the tokens, respectively.
- In a recent post, Bubblemaps confirmed that Boop's token distribution matches their claimed tokenomics.
- Data from GMGN.Ai shows that Boop crypto increased by 242% within the last 24 hours, with a market cap of around $350 million and a daily trading volume of $108 million.
- Boop.fun, the Solana-rooted meme coin platform where Boop crypto is the native token, enables users to create meme tokens, redistribute transaction fees to BOOP token holders, and execute airdrops to active users and influencers.
