Boop.fun Token Launch Crashes 90%—Pump.fun Rivalry Ends in Tears

Another day, another memecoin bloodbath. Boop.fun’s much-hyped token launch collapsed faster than a DeFi yield farm in a bear market—plummeting 90% despite its attempt to outmaneuver rival platform Pump.fun.

Who could’ve seen this coming? (Answer: anyone who’s watched crypto’s copycat casino economy for more than five minutes.)

Pro tip for founders: next time, maybe focus on something that doesn’t rhyme with ’pump and dump.’ Just a thought.

The big difference with Pump.fun is that any BOOP holder can stake the token and get a share of the platform’s fees. At the same time, KOLs and crypto celebrities will only get more BOOP if they launch a meme token and promote it.

This has created a new category, where KOLs use their brand to launch a new meme token. The success of those assets is yet to be proven and to see if crypto celebrities on X can sway some of the traffic from Pump.fun. 

Binance’s Changpeng ‘CZ’ Zhao dampens enthusiasm for Boop.fun 

One of the major sources of attention for Boop.fun was its addition to Binance Alpha, the regular list of curated tokens. Following the exposure, BOOP rallied close to $0.40. The token is still in its early stage and is extremely volatile due to low volumes. 

The asset still relies on DEX trading, including PancakeSwap and Orca. 

However, the attention from the Binance ecosystem was not entirely positive. Binance’s founder Changpeng ‘CZ’ Zhao commented on the information that the project’s founder had a leadership role with the Binance exchange. 

The founder of Boop.fun, known as Dingaling on X, has participated in the creation of PancakeSwap, though reportedly, he has never held an executive position with the company. 

The additional exposure from ‘CZ’ Zhao did not help Boop.fun in its initial run. The coming days will show if KOLs will work well as token creators and replace the ‘trenches’ on Pump.fun.

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