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Boop crypto, the newly launched token of Solana-based meme coin platform Boop.fun, has drawn massive investor attention after surging over 240% within a day of its debut.
On-chain analysts at Bubblemaps confirmed on 2 May that the platform’s token distribution aligns with its promised tokenomics, validating that 50% of the supply is earmarked for creator and holder rewards.
This confirmation arrives amid rising scrutiny over the platform’s airdrop mechanics and reward claims, with sceptics concerned about the sustainability and fairness of its cult-based distribution model.
BOOP hits $0.45 with $108m volume
The Boop token, launched on 1 May, skyrocketed to $0.45 in less than 24 hours, up from initial lows around $0.13.
According to GMGN.Ai, the 242% price rally pushed BOOP’s market cap to $350 million, with trading volume hitting $108 million.
Bubblemaps’ post confirmed the token’s largest bubble allocation sits within the rewards pool, consistent with Boop.fun’s official claim that half of its token supply is reserved for creators and users who meet specific on-chain milestones.
In addition to the rewards pool, 15% of the token supply has been allocated for airdrops and 10% to the Boop.fun development team.
The remaining portions are yet to be detailed, prompting further calls for transparency.
The bubble map of $BOOP matches their tokenomics It’s simple — just bubble it
The animated blue cat logo representing BOOP has quickly become a trending symbol across crypto social media.
Meme cult model raises concerns
Boop.fun’s unique mechanism allows users to create meme token “cults” that can qualify for reward distributions if they hit certain milestones.
Tokens that “graduate” are eligible for BOOP rewards, offering both users and influencers the chance to benefit from the platform’s transaction fees, which are redistributed to BOOP holders.
To receive airdrops, users must first create a Boop.fun account through X (formerly Twitter), then launch a cult token. These tokens are initially locked for 30 days, but may unlock sooner if they gain traction.
The unlocking speed is influenced by token price performance, which has raised alarms over potential manipulation. Some traders have raised concerns that this system may favour whales or insider groups who can inflate short-term value.
Partnerships with tools like KaitoAI help the platform identify influencers based on their follower counts, engagement, and meme-related activity.
Airdrops are then sorted into tiers, depending on these rankings.
While this structure attempts to gamify meme token creation, analysts warn that its sustainability hinges on real user demand and decentralised participation.
Token map validates allocations
To validate whether Boop.fun was honouring its stated tokenomics, Bubblemaps released a visual on 2 May that mapped BOOP token distribution.
The map showed that the largest token allocation did indeed sit with the rewards pool, followed by smaller bubbles for airdrops and team tokens. Bubblemaps posted, “The bubble map of $BOOP matches their tokenomics. It’s simple — just bubble it.”
This verification is timely as community trust is vital for meme coin ecosystems, which often rely on hype cycles.
While Boop.fun has promised to distribute 150 million tokens through upcoming influencer airdrops, questions remain around how transparent future distributions will be and whether all cult creators will be treated equally under the unlocking rules.
With the token’s initial performance outpacing expectations, traders are closely watching how Boop.fun handles its reward mechanisms.
The sustainability of its token model will likely determine whether BOOP can hold onto its current valuation or join the long list of short-lived meme coin surges.
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