ChainCatcher message, according to GMGN market data, the meme coin launch platform on Solana, boop.fun, has seen its platform token BOOP's market capitalization briefly exceed 500 million USD, currently reported at 374 million USD, with a trading volume reaching 65.2 million USD within an hour and a half of its launch.

It is reported that boop.fun is a meme coin launch platform founded by NFT whale and crypto KOL Dingaling. Unlike Pump.fun, boop.fun distributes transaction fees to BOOP token holders.