$SOL Meme Platform "boop" Explosive Growth: Market Cap Reaches 500 Million USD Just After 1 Hour of Launch

According to data from GMGN, boop – the platform for launching new meme coins on Solana initiated by dingaling (former CRO of Binance & founder of PancakeSwap) – made waves as the token $BOOP reached a market cap of 500 million USD within the first hour of listing, with a current price of ~0.45 USD.

Highlights:

  • Founder: dingaling – former senior executive at Binance, co-founder of PancakeSwap.

  • Blockchain: Solana (leveraging transaction speed and low fees).

  • Reward mechanism for stakers:

    • 5% of the total supply of each new meme coin released on boop will be distributed to BOOP stakers.

    • 60% of transaction feesfrom meme coins in the ecosystem will also be allocated to stakers.