- Moonshot Memecoin App surpassed $100,000 in daily revenue for the first time since its launch.
- The record-breaking revenue day coincided with a massive crypto rally, with Bitcoin surging 10% to a new all-time high of $89,000.
- The revenue spike could also be due to high trading volumes after two tokens traded on Moonshot, PNUT and ACT, were listed on Binance, leading to extraordinary price rallies.
Moonshot, a retail-focused memecoin trading app, has surpassed $100,000 in daily revenue for the first time since its launch. This record high indicates the app’s growing popularity in the memecoin space.
Moonshot’s Impressive Growth
According to DeFiLlama, Moonshot earned $130,000 in revenue in just one day, exceeding its previous record of $40,000 by a factor of three.
This milestone came as Bitcoin surged 10% to a new all-time high of $89,000. The crypto rally appears to have fueled retail investors’ interest in acquiring memecoins, leading to the revenue spike.
Recently, two tokens traded on Moonshot, PNUT and ACT, were controversially listed on Binance. This led to extraordinary price rallies, with some users up 20x. Profit-taking from these trades likely drove up volumes and revenue.
Wider Memecoin Adoption
Moonshot’s growth mirrors the memecoin sector’s overall adoption. The app currently ranks #173 in the Apple App Store’s finance category.
Meanwhile, Dogecoin is up 125% over the last 7 days. As memecoins gain legitimacy among retail investors, apps like Moonshot stand to benefit.
Key Takeaways
- Moonshot daily revenue exceeded $100k for the first time
- The milestone came amidst a crypto rally led by Bitcoin
- Controversial new token listings also boosted volumes
- Memecoin adoption is growing, with apps like Moonshot gaining traction
The record revenue highlights Moonshot’s rising popularity. As the memecoin sector expands, the app is positioned for continued growth.
