PANews reported on June 25 that according to Decrypt, DEX Screener launched the token issuance and trading platform "Moonshot" on Monday. Currently, more than 7,000 Solana Meme coins have been created on the platform. The platform is regarded as a competitor of pump.fun. However, among the more than 7,000 tokens created in Moonshot, only 27 reached the threshold of 500 SOL to obtain liquidity pools on Raydium, and only a few of them had positive price trends.
It is reported that Moonshot supports anyone to create and launch their own meme coins. Users can mint a fixed supply of 1 billion tokens. Once an investor invests 500 SOL, a liquidity pool will be automatically created on Raydium DEX. Once the token reaches a market value of 500 SOL, Moonshot will automatically destroy 150 million to 200 million tokens, creating a deflationary effect, and its value may rise over time. Moonshot also locks in all liquidity by destroying LP tokens, providing additional security for investors. The platform plans to conduct frequent and verifiable audits, aiming to create a safe and reliable ecosystem for meme coin enthusiasts.