Moonshot added Apple Pay support for launching new memecoins on June 27, expanding its iOS application beyond buying and trading tokens to include a creation workflow that requires only a photo upload and a tap on the “Create” tab.
Branded Moonshot Create, the product allows any user to mint a Solana-based coin by submitting an image and paying the network initialization fee through Apple Pay.
Each newly minted coin carries a 0.5% trading fee until it “bonds,” a protocol event that locks its supply to an on-chain liquidity curve. Once bonded, the fee drops to 0.3%, and the creator earns up to half of every swap fee generated by the pool, according to the company’s announcement.
Tokens that reach a $1 million fully diluted valuation and complete bonding become eligible for preferred verification status and front-page placement inside the Moonshot app, which reports millions of monthly active users.
The company framed preferred placement as a growth loop: verified coins appear above the fold in the discovery tab, drawing additional liquidity and raising fee income for both creators and the platform.
Moonshot did not disclose the percentage split between the platform and verified creators beyond the 50% cap.
Pump.fun release updates amid market uncertainty
On the same day, memecoin launchpad Pump.fun announced an update of its mobile application.
Among the new features are a feed to catch tokens rising rapidly in price, the option to quickly buy portions of any supported token with a single button, and a news section featuring trending tokens.
The launch by Moonshot and Pump.fun comes amid declining interest in memecoins in recent weeks.
In April, monthly trading volume related to memecoins on Solana grew nearly $12 billion, according to Blockworks data. It continued the rise and climbed from $56.4 billion to $74.7 billion in May but stands at only $47 billion this month.
The memecoin sector was the sixth-worst-performing out of 24 crypto sectors over the past 30 days. Memecoins registered an average drawdown of 30.3% during the period, which was heavily eclipsed by other popular narratives, such as decentralized application tokens and real-world assets.
Mentioned in this article
Read the full article here
