Original author: ChandlerZ, Foresight News
Since its launch, Moonshot has quickly emerged in the market with its focus on the Meme coin ecosystem, and has even been hailed by some industry insiders as the Binance of Meme. In the context of the current relatively low overall trading sentiment, the price changes, market value trends and development of various projects reflected in the coin listing data on the Moonshot platform still provide an important basis for our in-depth understanding of the Meme ecosystem.
In short, Moonshot is a Meme trading platform built on the Solana blockchain, which lowers the threshold for ordinary users to enter the crypto market through a very simplified registration and trading process. The platform supports multiple fiat currency deposit methods such as Apple Pay, credit cards, and PayPal, and also enables fast and convenient asset withdrawals. During the Meme coin boom in the second half of 2024, Moonshot successfully attracted some users by quickly selecting and launching popular tokens.
Dune data shows that in 2024, Moonshots transaction volume and transaction fees showed a steady development, with daily transaction volume of around 10 million US dollars and an average of 3,500 to 4,900 independent traders per day. This change in status stems from the launch of TRUMP, the personal meme coin of US President Trump on January 18, 2025, followed by the launch of TRUMP on Moonshot, and Trumps official Twitter account once again promoted the TRUMP token, which ignited the craze.
According to official data, within 12 hours, Moonshot was recommended as a purchase method on the official website of the TRUMP token. The platform processed nearly $400 million in trading volume, breaking the fiat currency entry record and attracting more than 200,000 new users to join.
As TRUMP and the overall market stalled, Meme coins also experienced a wide range of pullbacks and price fluctuations. What is the wealth-creating effect of Moonshot? We tried to deeply analyze the real performance of Moonshots online tokens in the past three months, explore its situation as an emerging trading platform, and the market conditions behind this effect.
116 coins were listed in March, 68 of them were almost zero, and one-third of them peaked as soon as they were launched
In this article, we selected tokens launched on the Moonshot platform between November 2024 and January 2025 as research samples. The data is based on the listing time records provided by the Moonshot Listings account.
The overall data is shown in the figure below:
Moonshot Listings records show that during these three months, Moonshot launched 116 tokens, including 54 in November 2024, 38 in December, and 24 in January 2025.
Looking further, in the current market environment, among the 116 listed tokens, only 17 are currently priced higher than their listing prices, accounting for less than 15%. The vast majority of projects are currently in a downward state, with the proportion of declining projects exceeding 85%.
Since most Memes return to zero, we also tried to calculate this data objectively. If we define such projects as almost zero projects based on the standard that the current price drops by more than 90% from the high point after the launch, from the statistical data, among the 116 tokens we analyzed, 46 projects met this standard in November, 17 in December, and 5 in January 2025, totaling 68 projects, accounting for more than 58.6%. This figure intuitively reflects that most tokens quickly lost market support after the initial frenzy.
At the same time, we also found that according to the standard of the highest increase after listing was less than 20%, the number of projects classified as peaking at launch in the three statistical periods were 12, 13 and 8 respectively, totaling 33 projects. Nearly one-third of the projects were close to their historical highs when Moonshot debuted, and then quickly lost their growth potential due to the lack of sustained fundamental support or weakening market confidence.
40% of the currencies at least doubled after listing, and TRUMP was the only one to attract money
About 40% of the tokens have at least doubled in price after listing, indicating that the market has shown great enthusiasm and pursuit for some projects in the early stage. From the data, the top ten projects with the current increase and the increase after listing show a cross-over trend to some extent, and some tokens have taken the lead between the historical highs and the current performance. Due to special political factors, TRUMP is undoubtedly in an absolute dominant position.
PNUT and 360noscope420blazeit (MLG) achieved increases of 4797.96% and 2555.56% respectively, while degenai, CHILLGUY and several other projects also exceeded the 20-fold increase threshold. These data show that driven by extreme market sentiment and short-term speculation, some tokens once received extraordinary market attention and speculative capital support, forming a strong increase peak.
However, compared with the historical highs after the launch, the data of the top ten projects with the highest price increase appear relatively mild. Currently, TRUMPs increase is 1940.70%, far lower than its previous high; similarly, MLG and AI Rig Complex (ARC) are 1034.44% and 661.32% respectively, both of which have fallen sharply, while Moby AI, which currently ranks tenth in terms of increase, has only increased by 26.54%. This gap reflects that although some projects have experienced explosive growth, as market sentiment has become more rational and profit-taking is prevalent, the increase in most projects has been greatly narrowed.
These two sets of data complement each other and together outline a picture: in the short term, some projects have experienced explosive growth due to market speculation, but as the market heat cools and the effect of profit-taking emerges, there are only a few projects that can actually maintain growth. This also reveals the characteristics of the current Meme coin market, which is characterized by strong speculative sentiment and drastic price fluctuations, and also exposes the severe situation that most projects face value return and risk reassessment after experiencing the initial frenzy.
High point cut is actually strong
From the high-point retracement data, we can see that after excluding the special project Coinbase Wrapped BTC, those projects with a retracement of around 50% are actually considered to have fallen less.
Taking spinning cat (OIIAOIIA) as an example, its retracement is about 46.94%, which can be regarded as relatively mild in the high point correction. The subsequent projects such as ARC, SNAI, MLG, FRIC, Butthole and Pippin have a high point retracement of close to or more than 50%. This shows that in the entire sample, only a small number of projects with a retracement of about 50% can be regarded as falling relatively less, while most projects have experienced more severe price corrections.
If we stratify the statistics by market capitalization, there are only 9 projects in the large market capitalization group, with an average current increase of 440.67% and an average high point retracement of 60.74%. In contrast, the medium market capitalization (28 projects), small market capitalization (42 projects) and projects with a market capitalization of less than 1 M (37 projects) present a completely different situation. Low market capitalization projects are greatly affected by speculative sentiment and market fluctuations, and most of them are already in a zero state.
In summary, we can see that the wealth-creating effect of this platform in the Meme field is both dramatic and exposes its inherent high-risk characteristics. As an emerging trading platform mainly based on Meme coins, Moonshots listing effect has indeed enabled individual projects (such as TRUMP, etc.) to create amazing returns in a short period of time under certain extreme market conditions, attracting a large influx of speculative funds. However, from the overall data, among the 116 online projects, more than 85% of the projects have experienced a sharp decline, and tokens with low market capitalization and market capitalization of less than 1 M are generally facing a fate close to zero. Its listing effect has not been able to form a broad and lasting value support in the current market environment.
Meme itself is an asset driven mainly by entertainment and topicality, and its price fluctuates extremely and rapidly. The popularity comes and goes quickly, and the speed of returning to zero is even more astonishing. This extreme volatility and fragility is the core feature of the Meme asset market. Market sentiment is easily pushed to a peak by temporary hype, but after the popularity fades, funds quickly flow back, and the speed at which prices fall back or even return to zero is far beyond expectations.
It can only be said that the listing effect of the Moonshot platform, while bringing rich returns to some investors, also sounded the alarm for market participants. In this market characterized by short-term, flat and fast growth, speculative enthusiasm is often only short-lived. Risk management and rational investment are the only way out in this high-risk field.
