Boop.fun Token’s Launch Flops: 90% Drop Despite Competition with Pump.fun

The meme launchpad Boop.fun, aiming to dethrone rival Pump.fun as the Solana market leader, has experienced a significant setback. Initial excitement for the platform waned after just days of its launch, resulting in a drastic drop in token creation activity. 10,877 tokens were created on launch day, only to dwindle to a meager 1,072 by May 4th. Despite early promotional efforts and influencer endorsements, Boop.fun has struggled to garner widespread adoption.