DEX Screener launches ‘Moonshot,’ its new meme coin launchpad

Token
data
aggregator
DEX
Screener
launched
its
Solana-based
token
launch
platform
called
Moonshot
on
Monday.
The
launchpad
is
similar
to

Pump.fun,
where
users
create
their
own
tokens
with
a
1
billion
supply,
and
a
liquidity
pool
is
deployed
on
the
decentralized
exchange
Raydium
after
investors
allocate
500
SOL.

Since
the
token
is
launched
using
Moonshot’s
infrastructure,
DEX
Screener
guarantees
that
the
contracts
are
fully
audited
and
without
insider
activity.
Additionally,
after
the
500
SOL
cap
is
reached
and
the
pool
is
deployed
on
Raydium,
a
total
of
150
million
to
200
million
from
the
token
supply
is
burned,
and
liquidity
is
locked
in
the
contract
after
that.

Notably,
333
tokens
have
been
created
on
Moonshot
since
its
launch,
with
27
of
them
being
launched
on
Raydium
after
reaching
the
cap
on
Moonshot.
Of
all
the
tokens
getting
their
liquidity
pools,
only
five
of
them
have
shown
positive
movements
in
the
last
hour:
Pepe
(PEPE),
Stan
(STAN),
Long
Horse
(LONGHORSE),
Dex
Mascot
(EAGLE),
and
Moon
Cat
(MC).

DEX
Screener
hasn’t
released
an
official
launch
statement
at
the
time
of
writing.
The
“Solana
meme
coins”
sector
is
showing
the
third
worst
performance
in
crypto
for
the
past
seven
days,
according
to
data
aggregator
CoinGecko,
amounting
to
nearly
30%
drawdown.