Crypto Influencers Lured by $350K Airdrop to Launch Solana Meme Coins – Decrypt

Cryptofluencers with a large reach to X (formerly known as Twitter) have the opportunity to charge hundreds of thousands of dollars worth of tokens from boop.fun. pump.fun Competitors Solana– But they need to launch the token to do so.

The platform launch and airdrop mechanism has attracted a lot of attention among crypto participants, but in the process they have created ethical and moral dilemmas for some users.

“If you're offered a $200,000 airdrop to launch a token, would you do that?” I posted the code character of the pseudonym And X's trader Cirrusnft asked the same question, worth $350,000, that later the underlying boop token rose in price.

others I'm tackling a dilemma Crypto Tokens' value is worth six people's numbers, and whether the pseudonymous artists are worth a potential trade-off. Bold Leonidas For the token launch mechanic, I initially say “pass” in my idea.

Notable pseudonymous cryptography personality coby I provided advice Share potential phrases to those discussing launches that propose suggestions, such as “I'm launching this token,” and “I'm launching this token just to unlock the airdrop” and “Don't buy it as there's a guaranteed loss of investment.”

Offered to X Personality, Airdrop is one of two airdrop tranches offered by Boop.Fun, which encouraged users to launch and purchase tokens from the platform that debuted Thursday morning.

Using data platform Kaito, boop.fun split active crypto influencers into layers based on followers, engagement, and X's “memes stuff.” Only users with a selection in each tier must launch a “cult” or token.

However, X Personality token claims are not available immediately. Instead, the user must Wait 30 days to unlock each boop Allocation – that is, unless the tokens they create grow to meet the selected market capitalization criteria and lower their waiting time. For example, if the creator acquires a token to a market capitalization of $5 million, it will wait five days.

But beyond the moral dilemma, users trying to launch tokens said they have come across platform claims and token migration issues due to demand. Dingaling, leader of the pseudonymous platform, said “the migration and airdrop issues should be fixed soon.”

The platform attempts to differentiate itself from Solana's other token launchpads, offering platform users daily boop token rewards, and Boop token standers will also win a portion of the trading fees and a portion of all meme coin tokens that graduate from the binding curve on the platform.

Boop is currently trading at a market capitalization of $231 million with a trading volume of about $50 million. The top tier Boop Airdrop, which is rated as the peak of tokens worth around $350,000 in the first half of Thursday, is currently worth around $162,000.

Edited by Andrew Hayward