#AppleCryptoUpdate
The market value of the Boop.fun platform reached 500 million dollars in SOL: the hype and future risks
The BOOP coin, the latest memecoin on Solana, quickly surpassed a market value of 500 million dollars just hours after its launch on May 1, 2025, attracting significant interest from the cryptocurrency community.
However, behind the massive price surge lie substantial risks related to volatility, regulatory pressures, and the long-term sustainability of the Boop.fun ecosystem, which investors should carefully consider.
The rise of BOOP and Boop.fun in the Solana ecosystem
BOOP, the token of the Boop.fun memecoin launch platform on Solana. This concept has generated a lot of buzz as its market value rose to over 500 million dollars shortly after its launch on May 1, 2025, before stabilizing at 421 million dollars.
The trading volume of the token reached 63.9 million dollars in the first 1.5 hours, reflecting the intense interest from the memecoin community. At the time of writing this report, the amount has risen to 112 million dollars.
Reports indicate that Boop.fun was founded by Dingaling, a prominent figure in the NFT community known for successful projects like Moonbirds and Invisible Friends. Dingaling's involvement lends credibility and helps Boop.fun gain significant attention since its debut.
The market value of BOOP.