Alright, let’s talk about the BOOP token on the Solana blockchain. If you’ve been hanging around the meme coin scene on Solana, you might have heard whispers about BOOP. It’s not just another random token; it’s tied to a platform called boopdotfun that’s trying to do things a bit differently for creators and communities.

Think of BOOP as a community-driven project, leaning into a playful, dog-themed vibe. The goal is to empower creators and build engagement. It operates on the Solana chain, known for its speed and low costs, and its specific token address is boopkpWqe68MSxLqBGogs8ZbUDN4GXaLhFwNP7mpP1i.

While there might be other tokens out there with a similar name, this report focuses specifically on the one linked to the boopdotfun platform and that token address. It’s definitely slotted into the “meme coin” category, which means things can get pretty wild!

What is BOOP All About?

The folks behind BOOP describe it as “a coin for the people, forever,” fueled by “pure dog joy.” It’s all about using that infectious, whimsical energy to bridge gaps in the digital world. The core idea is a fun platform that mixes memes with DeFi, making crypto more accessible through community involvement and meme sharing.

The boopdotfun platform is designed to let anyone launch their own community groups, or “cults” as they playfully call them, complete with their own tokens right there on Solana. The project seems to have some notable backers, including connections to the founder of PancakeSwap and a former Binance exec. They’ve also teamed up with Kaito AI to analyze social chatter, particularly on platforms like X, to gauge sentiment and find influencers.

Key features that make BOOP stand out include:

• Community-Driven: It’s designed with decentralization in mind – no presale, zero transaction taxes, a burnt liquidity pool (LP), and the contract is renounced, meaning the original developers have given up control.
• Creator Tools: The boopdotfun platform provides tools to launch tokens and build communities easily.
• Staking & Fee Sharing: This is a big one! You can stake your BOOP tokens to get free access to newly launched tokens on the platform (5% of the total supply of new tokens goes to stakers) and earn a piece of the SOL fees from the token liquidity pools (60% of the SOL fees). Stakers essentially earn passive income in SOL.
• Multi-Chain Ambition: While primarily on Solana, BOOP has mentioned being “omnichain” and having a presence on networks like Arbitrum and Base, with plans to expand further.

Tokenomics Rundown

Let’s look at the numbers (keep in mind these fluctuate, especially with meme coins):

• Token Symbol: BOOP
• Token Address: boopkpWqe68MSxLqBGogs8ZbUDN4GXaLhFwNP7mpP1i
• Blockchain: Solana
• Total Supply: 100,000,000,000 BOOP
• Circulating Supply: Around 99,597,706,590 BOOP (as of May 1, 2025, according to some sources).
• Team Allocation: 10% (10,000,000,000 BOOP) is reserved for the team, but it’s locked up for 6 months followed by a 24-month linear release. They can stake some during the lockup, but not more than 5% of the total staking pool.
• Distribution: Beyond the team allocation, 5% is for stakers and 60% of SOL fees are shared. The burnt LP reinforces the no-presale, fair launch idea.

Specific details on how the rest of the supply is allocated (like marketing or reserves) aren’t super clear from the available reports, so digging into official project documents would be smart here.

Staking and Graduation

The staking mechanism is a key feature. By staking BOOP, you become a participant in the platform’s growth, getting access to new tokens launching via boopdotfun and sharing in the SOL fees generated.

There’s also a “Graduation Mechanism” for tokens launched on the BOOP platform. A token is considered “graduated” when its market value hits roughly 400 SOL. This involves a specific setup with liquidity pools. Once a token graduates, the main liquidity for that token moves to Raydium, the popular DEX on Solana. A small portion of SOL goes to the BOOP team for deployment costs, and stakers get a 10% bonus reward from the graduated token launch.

Market Performance

Being a meme coin on Solana, BOOP’s price can be quite volatile.

• Current Price: Fluctuates wildly, but reports from May 1, 2025, showed prices ranging from around $0.000001196 to $0.00002279 USD, with significant daily percentage changes.
• Trading Volume: Active trading is happening, with notable buy and sell volumes.
• All-Time High (ATH): The reported ATH is significantly higher, around $0.63 USD. This means the current price is way down from that peak, typical of many meme coins after initial hype.
• Market Cap: Around $2.27 million USD based on some reports and price points in early May 2025. Its rank on CoinMarketCap was around #1637 at one point.
• Exchanges: You can primarily trade BOOP on decentralized exchanges (DEXs) like Raydium (typically in a BOOP/SOL pair). Some centralized exchanges like CoinEx also list it, though others like Coinbase might just track its price without offering trading.

Recent activity suggests it might be a new or relaunched token with hype building on social media, with some hoping it could follow the path of other successful Solana meme coins like BONK.

Under the Hood: Technical Bits

BOOP is built on the Solana blockchain, taking advantage of its high transaction speeds and low fees. It’s likely a standard SPL (Solana Program Library) token, which is common for fungible tokens on Solana and ensures compatibility with wallets and tools like Solscan for tracking transactions.

The smart contract address is boopkpWqe68MSxLqBGogs8ZbUDN4GXaLhFwNP7mpP1i. As mentioned, the contract is renounced, which is often seen as a positive sign for decentralization, meaning the original creators can’t change the token rules.

One thing to note is the lack of publicly available smart contract audits mentioned in the reports. While renounced contracts offer some security, independent audits are crucial for verifying there are no hidden vulnerabilities. Solana itself has faced security incidents, including wallet hacks, so users should always be careful with their wallet security.

The platform integrates with Kaito AI to analyze social sentiment on X, which is a smart way to gauge community mood and potentially inform marketing efforts. boopdotfun leverages Solana’s infrastructure for its token creation tools, likely using Solana’s features for building custom token functionalities.

Community and Buzz

Community is everything for a meme coin. BOOP had a relatively small number of holders reported (around 320 as of early May 2025), suggesting it was still early days or highly concentrated.

There’s active promotion on X, highlighting the launch, staking benefits, and fee sharing. The “pure dog joy” narrative is clearly aimed at tapping into the successful formula of dog-themed meme coins like Dogecoin or Shiba Inu. Some posts on X show optimism, comparing it to BONK and pushing the idea of it being a “major runner.” Endorsements from figures like dingalingts, who has ties to prominent crypto projects, also lend some credibility and visibility.

However, challenges exist. A low holder count means liquidity might be limited, affecting price stability. It was also noted that BOOP wasn’t verified by CoinMarketCap initially, requiring community votes for verification, which can be a barrier for some investors. Plus, the inherent nature of meme coins means value is heavily driven by hype and sentiment, making it susceptible to “pump-and-dump” scenarios.

Risks to Consider

Investing in meme coins like BOOP comes with significant risks:

• Extreme Volatility: The price can swing dramatically and quickly. The huge drop from the ATH to current levels is a clear example.
• Regulatory Uncertainty: The crypto space, especially tokens on chains like Solana, faces increasing scrutiny from regulators like the SEC. While BOOP isn’t specifically targeted, actions against Solana or other tokens could indirectly impact it.
• Competition: The Solana ecosystem is packed with meme coins (WIF, BONK, etc.). BOOP needs to carve out and maintain its niche to succeed.
• Solana Network Issues: Solana has had network outages in the past. If the chain goes down, trading and platform functionality for BOOP could be disrupted.
• Security Risks: While the contract is renounced, unverified or unaudited contracts carry risks. Users must also be vigilant about their own wallet security, given past hacks in the Solana ecosystem.
• Project Transparency: Details about the long-term roadmap or full token allocation (beyond team and stakers) aren’t always easily found, requiring more research.
• Hype Dependency: The project’s success relies heavily on maintaining community interest and hype, which is unpredictable and can fade quickly.
• Information Confusion: Reports noted confusion between BOOP and other tokens, highlighting the potential for misinformation in this space. Always double-check the contract address!

Conclusion and Recommendations

The BOOP token (boopkpWqe68MSxLqBGogs8ZbUDN4GXaLhFwNP7mpP1i) on Solana is an interesting meme coin project tied to the boopdotfun platform. Its focus on creator empowerment, a fair launch approach, and incentives like staking rewards and fee sharing make it stand out. The integration with Kaito AI and backing from recognized figures add potential upside.

However, the risks associated with meme coins are very real. BOOP’s low holder count (at least initially), unverified status, high volatility, and dependence on hype mean it’s a speculative play.

If you’re considering BOOP, here’s what you should do:

1. Do Your Homework: Try to find official project documents (like a whitepaper, if available) to get more clarity on tokenomics, the team, and the roadmap. Get the smart contract audited if possible, or understand the risks of trading unaudited tokens.
2. Trade Safely: Stick to trusted DEXs like Raydium and use secure Solana-compatible wallets such as Phantom.
3. Watch the Community: Keep an eye on X and other social platforms. Community sentiment and influencer activity heavily impact meme coin prices.
4. Manage Risk: Only invest money you can afford to lose. Meme coins can go to zero. Given the volatility, allocating only a small part of your portfolio is a good idea.
5. Stay Informed: Keep up with any news or regulatory actions concerning Solana or the broader crypto market, as this can affect BOOP.

Tools like GMGN.AI can be helpful for tracking and analyzing meme tokens like BOOP. GMGN.AI offers features like smart money tracking, real-time data, security checks (useful for sniffing out scams like honeypots), and even automated trading. It covers multiple chains including Solana. You can find specific information and trading options for BOOP on GMGN.AI’s dedicated page for the token. Just remember, there’s a 1% transaction fee, but they don’t charge subscriptions for premium features.

Remember, the crypto market is highly risky. This report is for information only and is not financial advice. Always do your own research before making any investment decisions.

Data in this report is based on information available as of May 1, 2025.