A new meme trend? A 5-minute look at the Moonshot trading platform

Author: Aunt Ai Source: X, @ai_9684xtpa

A new Meme trendsetter? A small Binance in the Memecoin world? A Meme trading platform that even grandparents in the vegetable market can learn?

What exactly is the "Moonshot" that has appeared frequently in tweets since October?

This Moonshot is not Moonshot

The Meme launch platform mentioned here is not the Meme launch platform launched by DEXScreener, but the Meme trading App that was launched in July this year and incubated by the incubation team Alliance DAO of http://Pump.fun.

It was recommended by the well-known KOL Murad at the beginning of its launch, and it also stepped on the two big golden dogs $MOODENG and $GOAT, and then entered the public eye and developed very quickly.

Moonshot Function Introduction

What Moonshot can do - "The small Binance in the Memecoin world" may be a very vivid metaphor in terms of business model, which can both quickly trade and manage assets.

The features are summarized as follows:

• Most important: convenient deposit and withdrawal, support credit card direct purchase of coins;

• Simple operation, making buying Meme as easy as buying lottery tickets;

• The team has strong operational capabilities and can keenly capture hot spots and launch tokens.

Fee collection

Transaction fees

For transactions below 1 to 250 US dollars, a 2.5% fee is charged, with a minimum charge of 0.3 US dollars; for transactions above 250 US dollars, a 1% fee is charged.

Deposit and Withdrawal Fees

Moonshot cooperates with Moonpay and follows the latter's fee standards, as shown in the figure:

Has Moonshot formed a listing effect?

Recommended reading @OdailyChina's analysis, conclusion: The listing effect was obvious within 5 minutes of the announcement, and began to diverge after 1 hour. The short-term and medium-term gains have nothing to do with Moonshot.

This conclusion is also in line with expectations. Only when Memecoin has a small market value and poor liquidity, can the participation of retail investors help boost the rapid rise of tokens. In the middle and late stages, the life cycle of tokens will be affected by multiple factors such as dealers/narratives/whales/markets, which cannot be changed by a new trading platform alone.

Related data

The Dune panel shows that since September, Moonshot's daily fee income peaked at $32,978, with a maximum of 4,856 daily trading users, and the trading volume has not yet been disclosed.

The listing of tokens is entirely selected and executed by the team. The platform has not announced the standards but stated that "only tokens with a 24-hour trading volume of $1 million are considered."

Brief summary

At this stage, Moonshot Fomo is still for overseas users. Aunt Ai has tried it and it is quite convenient, but it is more suitable for Buddhist Meme players. For Alpha hunters and PVP powerhouses, Moonshot's currency listing is not instant enough, and it also lacks complex functions such as sniping/order placement/address analysis.