The airdrop mechanism of BOOP is a bit flashy, but in essence, it's just old wine in a new bottle. If you didn't catch the first wave, I wouldn't recommend rushing in.
Essentially, it incentivizes people to issue MEME coins. A bunch of KOLs see a lot of money in the airdrop, but they have to issue their own coins to shorten the unlock time. If they don't issue coins, they have to wait 30 days, and I believe it won't be worth much after 30 days.
Not to mention how many KOLs are willing to risk being criticized to issue their own coins. Given the current market liquidity, the celebrity coin effect is already weak. #meme coins don't follow a narrative; if they go for volume, they become a pile of junk. Now, there are countless launch platforms, and pure token launches have no competitiveness.
Staking $BOOP dividends seem good, with a 5% new coin dividend and 60% SOL fee revenue. When the platform launches are all junk coins and fewer people play, these dividends lose their meaning.
So I advise everyone not to join the hype blindly. The mechanism of @boopdotfun is not innovative; it's just old wine in a new bottle. The airdrop is essentially free publicity for users, and it's just an expectation.
Everyone can issue coins, but it doesn't have a positive effect on the meme market; it only makes the market more chaotic, and in the end, it's the retail investors who get hurt.
In my opinion, $BOOP should be hyped as a MEME.
MEME > Platform Tokens > VC Tokens
Valuation is between Platform and VC
Around 100M
Boom Boom
Charge
dingaling
Going to share some of the thinking that went behind the @boopdotfun design.
1/ The core thesis stemmed from us noticing that one segment of users would continuously buy the top and then get dumped on. Friends that shared CAs and used you as exit liquidity. Sound familiar?
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雪球
4.30 MEME Review
House/Car/Freedom/Money, these are a series of topics also revolving around the topic displayed by Long Yi #House, very strong, and the angle is very sharp.
1.
Name: CHACHA
Narrative: A token about pets publicly posted by an influencer on Twitter, verified as true, with a market cap of 2M. The previous influencer narrative was #NOBODY, with many followers and a ceiling of 20M.
CA:
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arndxt and reposted
DeFi Warhol
Crypto Calendar May 2025
May 1: Token2049 Conference in Dubai
May 1: $SUI 74M Tokens Unlock
May 1: $ZETA 44.26M Tokens Unlocks
May 2: @pendle_fi Fee Structure Update
May 2: US Unemployment Rate
May 3: $MEME 3.45B Tokens Unlock
May 5: @iota Upgrade
May 6: Sonic Summit
May 6: $SPEC 10M Tokens Unlock
May 7: ETHEREUM PECTRA UPGRADE
May 7: U.S. FED Rate Decision
May 9: $MOVE 50M Tokens Unlock
May 10: $TON Bridge Retires
May 11: $LAYER 27M Tokens Unlock
May 13: ETHToronto Conference
May 13: U.S. CPI
May 15: U.S. Core PPI
May 15: $XEC Network Upgrade
May 15: $STRK 127M Tokens Unlock
May 16: $ARB 92.65M Tokens Unlock
May 18: $MELANIA 26.25M Tokens Unlock
May 19: $PYTH 2.12B Tokens Unlock
May 21: @arbitrum Security Council
May 22: @solana "Ship or Die" Event
May 25: @movementlabsxyz Cornucopia Unlocks Ends
May 28: FOMC Meeting Minutes
May 30: U.S. Core PCE
Hope you enjoyed this post and found some new VALUABLE information.
If you wanna support me, I'd appreciate a like, reply, and RT <3
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Memecoin price performance in USD
The current price of Memecoin is $0.0020700. Since 00:00 UTC, Memecoin has decreased by -4.17%. It currently has a circulating supply of 45,135,842,907 MEME and a maximum supply of 69,000,000,000 MEME, giving it a fully diluted market cap of $93.48M. At present, the Memecoin coin holds the 192 position in market cap rankings. The Memecoin/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Memecoin is a cryptocurrency that was created on the Ethereum blockchain. It is a social experiment and a source of amusement within the cryptocurrency landscape.
Memecoin does not have any inherent functional utility, intrinsic value, or the expectation of financial returns, unlike some other cryptocurrencies such as Bitcoin or Ethereum. Despite its lack of traditional use-cases, Memecoin has carved out its own niche within the cryptocurrency universe. Its impact and value are derived from its dynamic community and the whimsical charm of internet memes.
How does Memecoin work
Memecoin is a cryptocurrency that works differently from traditional cryptocurrencies such as Bitcoin and Ethereum. It does not have any inherent applications and its value is derived from the collective entertainment that it brings to the world of cryptocurrencies.
The volatility of Memecoin's trading volume makes it challenging to use traditional market approximation techniques to value it. However, Memecoin has managed to create a significant impact within the global cryptocurrency market due to its unique and entertaining nature.
About the Founder
Memecoin was founded by the team at Memeland, a web3 venture studio that was spun off from 9GAG, a leading global meme platform. 9GAG has over 200 million monthly followers and is ranked among the top 500 websites globally. The team at Memeland has over 15 years of experience in building community-focused products and has worked with hundreds of distinguished brands, thousands of leading creators, and millions of passionate supporters.
Memeland is focused on the potential of social banking and the Creator Economy. Since June 2022, the team has launched three non-fungible token (NFT) collections: You The Real MVP, The Captainz, and The Potatoz.
Highlights of Memecoin
Memecoin raised $15.80 million USD in two pre-sale rounds. Private investors purchased 12% of the total supply, and the Memeland community purchased 11%. As of October 27, 2023, the total supply of MEME tokens is 69 billion, with a circulating supply of approximately 8.8 billion tokens upon listing, representing about 12.75% of the total supply.
The Memecoin whitepaper states that MEME is not intended to serve as a medium of exchange, a representation of money, or a security, share, or debenture. It does not offer any rights to exchange MEME for goods or services, voting rights in the Memeland ecosystem, participation in any enterprise's business operations, or any entitlement to profits, dividends, or revenue. MEME does not represent any indebtedness or the promise of a financial return.
Memeland has not released a roadmap or made any explicit promises to investors or the community. Despite its lack of traditional utility and value expectations, Memecoin brings a new perspective to the cryptocurrency world, fueling a global culture of humor and fun.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 31K new posts about Memecoin, driven by 12K contributors, and total online engagement reached 9M social interactions. The sentiment score for Memecoin currently stands at 77%. Compared to all cryptocurrencies, post volume for Memecoin currently ranks at 125. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Memecoin.
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Posts
31,172
Contributors
11,559
Interactions
9,031,050
Sentiment
77%
Volume rank
#125
X
Posts
21,853
Interactions
4,679,805
Sentiment
84%
Memecoin FAQ
How much is 1 Memecoin worth today?
Currently, one Memecoin is worth $0.0020700. For answers and insight into Memecoin's price action, you're in the right place. Explore the latest Memecoin charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Memecoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Memecoin have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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