Memecoins have emerged as a unique blend of internet culture and digital assets, and are one of the key drivers of growth in the ongoing 2025 crypto bull run. Platforms like Moonshot have simplified the process of creating, buying, and selling these tokens, especially within the Solana ecosystem.
This guide aims to provide a comprehensive overview of Moonshot, its functionalities, how you can engage in memecoin trading on it, and how Moonshot differs from Pump.fun.
What Is Moonshot Crypto Trading App?
Moonshot is a web3 mobile application designed to streamline the discovery, creation, and trading of memecoins. By integrating with the Solana blockchain, it offers users a seamless experience to convert cash into memecoins within minutes. The platform supports various payment methods, including credit/debit cards, Apple Pay, and PayPal, making it accessible to a broad audience.
Launched in June 2024, Moonshot quickly gained traction among cryptocurrency enthusiasts. Its user-friendly interface and integration with popular payment methods contributed to its rapid adoption. Since its launch in June 2024, Moonshot has experienced significant growth. By October 2024, the platform generated $498,000 in revenue over 30 days, reflecting a 1,657% month-over-month growth. Additionally, it attracted around 4,000 distinct daily users, highlighting its increasing popularity among memecoin traders.
Moonshot’s usage and fees spiked after $TRUMP, $MELANIA token launches | Source: Dune Analytics
As of January 2025, Moonshot boasts over 20 million users, reflecting its significant impact on the memecoin trading landscape. Moonshot’s user base spiked from around 3,500-4,900 daily active users (DAUs) before January 19, 2025 to nearly 100,000 users by January 20, 2025, following the launch of official $TRUMP and $MELANIA tokens on its platform.
Key Features of Moonshot
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User-Friendly Interface: Moonshot's intuitive design ensures that both beginners and seasoned traders can navigate the platform with ease. Features like Face ID sign-in and real-time updates enhance the user experience.
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Diverse Payment Options: The platform's partnership with MoonPay enables users to purchase memecoins using various payment methods, including debit and credit cards, Apple Pay, Google Pay, PayPal, and bank transfers.
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Self-Custodial Wallet: Moonshot provides a self-custodial wallet, ensuring that users have complete control over their funds. This means that only you have access to your assets, and the platform cannot access or freeze your funds.
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Real-Time Market Insights: Stay updated on the latest trends and emerging memecoins with Moonshot's real-time data, including charts, market cap, volume, all-time highs, and circulating supply.
How Does Moonshot Trading App Work?
Moonshot operates as a self-custody blockchain wallet dApp (decentralized application). When users create an account, the platform generates an embedded wallet on supported blockchains using Multi-Party Computation infrastructure. This approach ensures that only the user can authorize transactions, enhancing security.
Moonshot’s Key Security Measures
Moonshot prioritizes user security by implementing robust measures to protect funds and personal information. The platform's self-custodial wallet ensures that only users have access to their assets, and Moonshot cannot access or freeze funds. Additionally, Moonshot's partnership with MoonPay, a licensed payment processor, ensures compliance with financial regulations, providing users with a secure and reliable platform for trading memecoins.
How to Get Started with Moonshot: A Step-by-Step Guide
Follow these steps to start using Moonshot for exploring and trading memecoins:
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Account Setup: Download the Moonshot app from the iOS App Store or Google Play Store. Sign up using your email and set up Face ID or a passcode for quick access. The platform generates a non-custodial wallet for each user, which can be exported to traditional wallet solutions.
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Depositing Funds: Make cash deposits using credit/debit cards, Apple Pay, or PayPal. Moonshot's partnership with MoonPay facilitates these transactions, ensuring a smooth and secure process.
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Exploring Memecoins: Browse through trending memes and tokens that are gaining popularity. Moonshot provides live updates about hot memecoins, allowing you to make informed decisions.
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Trading Memecoins: Purchase or sell Solana-based memecoins directly through the app. The platform offers real-time data, including charts, market cap, trading volume, all-time highs, and circulating supply, to help you make informed trading decisions.
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Withdrawing Funds: Cash out your holdings at any time with easy bank transfers. Moonshot ensures that the withdrawal process is straightforward and efficient.
How to Create and Launch Memecoins on Moonshot
One of Moonshot's standout features is its ability to allow users to create and launch their own memecoins. Here's a step-by-step guide:
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Set Up an Account: Download the Moonshot app and sign up using your email and Face ID. The process is quick, taking less than a minute.
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Define Token Parameters: Enter the name of your token, choose a symbol (ticker), add a description, and set the total supply of tokens.
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Launch Your Token: After confirming the details, pay a nominal fee (e.g., 0.02 SOL) to deploy your token on the Solana blockchain. You can fund your wallet by buying Solana on KuCoin and transferring your SOL tokens to it. Once launched, your token will be available for trading on the platform.
How to Trade Memecoins on Moonshot
Engaging in memecoin trading on Moonshot is straightforward:
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Discover Tokens: Browse through the list of available memecoins, complete with detailed charts and statistics. The app provides insights into top gainers, trading volumes, and market caps.
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Make a Purchase: Select your desired memecoin, choose a payment method (e.g., Apple Pay, PayPal, credit/debit card), and specify the amount. First-time purchases may require additional verification steps.
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Manage Your Portfolio: Track your holdings, monitor market trends, and make informed decisions using the app's real-time data and analytics.
Moonshot vs. Pump.fun: Key Differences
Moonshot vs. Pump.fun - number of tokens launched | Source: Dune Analytics
Both Pump.fun and Moonshot offer unique features catering to different segments of the meme coin market. Pump.fun's simplicity and established community make it ideal for users seeking an easy token creation process. Moonshot's focus on security and a modern interface appeals to those prioritizing transparency and user experience.
Both platforms empower users to create and trade meme coins with ease, yet they differ in several key aspects, including security measures, tokenomics, and user experience.
Security and Transparency
Security is paramount in the cryptocurrency market, especially for platforms facilitating token creation and trading. Pump.fun has faced scrutiny due to security breaches, notably an incident involving a purported ex-employee who highlighted several vulnerabilities. In response, Pump.fun integrated blockchain visualizer Bubblemaps, allowing users to visualize wallet interactions and holdings, thereby enhancing transparency.
Conversely, Moonshot, introduced by DEX Screener, emphasizes security by claiming that all smart contracts on its platform are fully audited. This initiative aims to provide a safer environment for developers and investors. However, as of now, there is no verifiable public information available to substantiate these auditing claims, leading to skepticism within the community.
Token Creation Process
Both platforms strive to simplify token creation. On Pump.fun, users can launch a token by filling out basic details and paying a fee of approximately 0.02 SOL. Similarly, Moonshot offers a straightforward process with comparable fees, allowing users to input token details and integrate social media links, thereby facilitating community building.
Tokenomics and Liquidity Migration
A critical aspect of token platforms is how they handle tokenomics and liquidity. On Pump.fun, tokens must reach a market capitalization of approximately $60,000 to migrate to the decentralized exchange Raydium, enhancing their trading potential. Moonshot sets a slightly higher threshold, requiring tokens to achieve a market cap of 500 SOL (around $73,000) before migration. Additionally, Moonshot implements a deflationary mechanism by burning 150 to 200 million tokens upon reaching this cap, aiming to increase the token's value over time. However, the exact criteria for the token burn remain unspecified.
Learn more about Raydium DEX and how it works.
User Experience and Community Engagement
The aesthetic and cultural appeal of a platform significantly influence user engagement. Pump.fun embraces a bold, irreverent design reminiscent of early internet forums, appealing to the "degen" community within crypto culture. In contrast, Moonshot offers a cleaner, more modern interface, attracting users who prefer a polished user experience.
Performance Metrics
Performance data highlights the dominance of Pump.fun in the memecoin market. Since its launch in early 2024, Pump.fun has facilitated the creation of over 6.3 million memecoins. In comparison, Moonshot, which debuted in June 2024, has seen over 166,000 tokens launched, with 66 achieving liquidity migration as of this writing. Pump.fun also leads in total revenue, generating over 2.3 million SOL (approximately $550 million), whereas Moonshot has garnered around 27,000 SOL (approximately $6.5 million).
Conclusion
Moonshot has positioned itself as a pivotal platform in the memecoin trading landscape, especially within the Solana ecosystem. Its user-friendly interface, seamless integration with various payment methods, and commitment to security make it an ideal choice for both novice and experienced traders. As the cryptocurrency market continues to enjoy higher adoption, platforms like Moonshot will play a crucial role in shaping the future of digital asset trading.