Crypto News

Moonshot: The Rising Meme Trading Platform With Explosive Growth

Moonshot (@usemoonshot) has been making waves in the crypto world, generating $498K in revenue over the last 30 days, representing a staggering 1,657% month-over-month growth.

With around 4,000 daily distinct users, Moonshot has rapidly gained attention, particularly since its frequent mention in tweets beginning in October.

Contrary to some reports, the “Meme launch platform” referenced here is not the one launched by DEXScreener, but rather a Meme trading app incubated by Alliance DAO’s Pump.fun team.

Launched in July, the app quickly gained popularity, with notable support from crypto influencer Murad. Moonshot’s early success was fueled by its integration with the $MOODENG and $GOAT tokens, propelling it into the spotlight.

Moonshot’s Features

Often dubbed the “Binance of Memecoins,” Moonshot offers users the ability to quickly trade and manage their assets. Here’s a summary of its key features:

1. Easy Deposits and Withdrawals: Moonshot supports direct coin purchases using credit cards, making it highly accessible.

2. User-Friendly Interface: The platform simplifies Meme coin trading, making it as easy as buying a lottery ticket.

3. Strong Operations Team: The Moonshot team has a knack for identifying hot trends, launching tokens that capture market attention.

Fee Structure

– Transaction Fees: A 2.5% fee applies to transactions between $1 and $250, with a minimum fee of $0.30. For transactions over $250, the fee drops to 1%.

– Deposit and Withdrawal Fees: These fees follow Moonpay’s standards.

According to the Dune dashboard, Moonshot’s daily fee revenue peaked at $32,978, with 4,856 users trading on a single day. While the platform has yet to disclose trading volume, it selects coins for listing based on 24-hour trading volume exceeding $1 million.

Currently, Moonshot is only available to overseas users and is best suited for meme coin enthusiasts rather than advanced traders seeking complex functionalities.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: leddamarita/123RF // Image Effects by Colorcinch