Boop.fun’s Memecoin Platform Declares ’Cults Are the New Hedge Funds’

Move over, traditional investment clubs—Boop.fun’s latest memecoin manifesto claims decentralized cults are now driving crypto’s hottest trends. The platform, which turns viral jokes into tradable assets, insists community mania beats fundamentals every time.

Forget DAOs or DeFi protocols. The real alpha? Finding the right online mob to pump your bags. Just don’t ask about exit liquidity—true believers never sell (until they do).

Wall Street analysts remain unimpressed, though secretly terrified they’ll need to start measuring ’vibes per second’ alongside P/E ratios.

Boop.fun is also promising 50% of its BOOP supply to “the real ones in the trenches,” which apparently means “memecoin bagholders” and “hot X account holders.”

One of the pages on the site declares: “VCs and insiders can go fuck themselves.”

Ironically, Su Zhu, who is a VC and cofounded the now-bankrupt Three Arrows Capital, launched a ZHU token which has a market cap of about $75,000 via Boop.fun as of mid-day Friday.

Cole “ColeThereum” Villemain, creator of the Pudgy Penguins NFTs who left the project years ago, also launched a token via Boop, dubbed “gf,” which has a $400,000 market cap as of Friday.

Other crypto influencers, like Irene Zhao, Orangie, Deez, Nick “ChooseRich” O’Neill and KookCapital, also dropped their own “cult” tokens on Boop.

Three tokens on Boop have market caps of over $1 million: Boopa (a dog coin), Kuma and Beevo (a beaver coin). A number of Boop tokens explicitly tell users not to buy them, with creators warning buyers: “Farming airdrop do not buy” in all-caps.

But Boop’s frequent use of F-bombs and offensive language in its public-facing copy will be off-putting for some. It feels to me like they are trying very hard to be edgy.

Then, there’s the speculation around the real-world identity of Boop’s creator, who goes by “Dingaling” on X. 

While he claims in his X bio to have held high-level roles at Binance and PancakeSwap, those claims have been called into question and no concrete proof of a “Dingaling” serving in either role has surfaced. Dingaling’s bio states he was an “ex-Binance CRO.”

Earlier this week, a cryptic tweet from Binance CEO Changpeng “CZ” Zhao triggered further speculation about Boop’s creator, though they weren’t named directly in CZ’s tweet or the one to which he replied. 

While Boop’s creator’s identity remains in question, I’d broadly conclude with this: Boop does feel like a Pump.fun clone. It’s interesting that platforms like Boop, Pump and Zora are incentivizing users to make tokens for little to no reason. They’re making it as easy as just sending a tweet (yes, you can tweet at the Boop bot and it’ll create a token for you).

Is Boop.fun moving crypto forward? Not really.

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