Memecoin Craze Sweeps the Crypto Market: Solana Ecosystem Welcomes a New Star “BoopDotFun”
The recent boom in memecoins has swept through the crypto market, with Solana’s ecosystem giving rise to a dazzling new star, “BoopDotFun.” Launched by the renowned NFT collector @dingalingts, it garnered widespread attention within just one day of its launch, with its platform token $BOOP once soaring to a market cap of $500 million. This article will delve into the operational mechanisms of BoopDotFun, user participation strategies, and its competitive positioning among various launch platforms.
What is BoopDotFun? A Memecoin Launch “Alchemist’s Workshop” on Solana
BoopDotFun is a memecoin launch platform on Solana dedicated to creating a positive feedback loop that encourages creation, trading, and holding. Its standout feature is the reward mechanism designed around the ecosystem token $BOOP, with the “successful launch of the token on external exchanges,” meaning its transfer to external liquidity pools for trading, serving as the reward threshold and trigger point.
boopdotfun rewards the @solanaecosystem’s meme makers & risk takers.
my platform puts the fees right back in the trenches & hands out rewards to the real ones creating and supporting their fave cults.
time for the meme takeover (˶˃ ᵕ ˂˶)pic.twitter.com/NF3uBNYmZK
— boop (@boopdotfun) April 30, 2025
Unlike traditional token airdrop models, BoopDotFun launched a direct token distribution airdrop on its launch day, aiming to address the common issue in the memecoin market of “chasing highs and getting trapped.” By staking $BOOP to participate in launch activities, users can share in the launch profits and transaction fee revenues.
Three Major Reward Mechanisms: Incentive Models from Creation to Staking Profit Sharing
Daily Distribution of 1 Million $BOOP Emission Pool Profits
A fixed daily distribution of 1 million $BOOP tokens will be equally divided based on the number of successful external launches that day, allowing both token creators and holders to receive airdrops. Notably, participants do not need to stake $BOOP; simply holding successfully launched memecoins will qualify them for rewards.
$BOOP Stakers Exclusive: 5% Airdrop of Memecoin Holdings on External Launch
If a participant stakes over 10,000 $BOOP and continues to hold the token during the successful external launch of a memecoin, they can proportionally receive 5% of the total supply of that token as an airdrop. Should a token’s market value surge post-launch, stakers could receive airdrops worth thousands of dollars.
Transaction Fee Sharing Mechanism, Long-term Staking Also Yields Cash Flow
Subsequent trading of successfully launched tokens incurs a 1% fee, of which 60% will be returned to $BOOP stakers, creating a source of long-term passive income and establishing an economic structure akin to “shareholder dividends” for platform users.
Three Practical Strategies: How Users Can Maximize Profits?
For BoopDotFun’s gameplay, on-chain researcher @CryptoCharming1 provided several concepts.
Strategy One: Build Your Own Flywheel, Handling Everything from Creation to Repurchase to Staking
Establish and launch your own memecoin ➡️ Purchase tokens to drive up prices, earning from the Emission Pool rewards ➡️ Stake $BOOP for airdrops and transaction fee sharing. The advantage of this strategy is full control over all roles to maximize profits, but the downside is that launch fees and transaction friction costs must be considered.
Strategy Two: Become a $BOOP Staker, Binding to Platform Cash Flow
Stake at least 10,000 $BOOP ➡️ Enjoy substantial token airdrops and transaction fee revenues. The advantage of this strategy is akin to becoming a platform shareholder, ensuring stable long-term returns, but the downside is the price volatility of $BOOP.
Strategy Three: Jump on the External Launch Train for Quick Arbitrage
Track Bonding Curve progress, predict soon-to-be-launched tokens ➡️ Quickly cash out post-launch and share in $BOOP Emission rewards. The advantage of this strategy is the potential for high short-term returns, but the downside is significant market volatility risk, possibly leading to losses due to crashes.
Intense Market Competition: BoopDotFun vs. Pump.fun
Dune Analytics data shows that Pump.fun, as the leading memecoin launch platform, has launched over 10 million tokens and earned more than $670 million in transaction fee revenue since its launch last year.
In March this year, Pump.fun launched its own DEX, PumpSwap, reducing its reliance on Raydium and even briefly topping the daily trading volume rankings among Solana DEXes.
(PumpSwap Strongly Climbs: Trading Volume Surpasses Raydium, Ascending to Solana’s Largest DEX)
On the other hand, Raydium also launched its own launch platform, LaunchLab. As a countermeasure to PumpSwap, this platform offers various Bonding Curve and pricing options in an attempt to capture market share, though its effectiveness may require further effort.
(Raydium Launches Token Issuance Platform LaunchLab: 50% Fee Sharing to Compete with Pump.fun)
Is BoopDotFun a Flash in the Pan or the New Dominant PvP Platform?
As crypto KOL @waleswoosh stated, Pump.fun, currently the main PvP battleground, will inevitably face community backlash due to a lack of profit-sharing and feedback mechanisms, leading to its eventual replacement by other platforms: “After every market cycle, mainstream platforms are crucified with hatred. After the NFT bull market, Opensea became a public enemy. After the memecoin bull market, Pump.fun will also become a public enemy. The main reason is: ‘Mainstream platforms extract most liquidity and funds in the form of fees.’
At this point, BoopDotFun stands out among various memecoin launch platforms, showcasing innovative reward designs and strong market appeal. However, whether it can truly shake Pump.fun’s position remains to be seen over time.
Risk Warning
Investing in cryptocurrencies carries a high level of risk, with prices potentially experiencing extreme volatility, resulting in the loss of your entire principal. Please evaluate risks carefully.