I. pumpfun becoming a mainstream channel for token issuance
From the initial mass production of plates to the emergence of large-cap tokens like $goat, from the initial lack of high-cap tokens to the increasing number of high-cap tokens, this is a significant change.
From the community perspective, I now see some novice users only investing in tokens with "pump" in the name, as they are not afraid of being "piehao".
pumpfun has become the mainstream channel for on-chain MEME asset issuance, and the traditional project teams building their own websites and designs, or some innovative asset issuance methods, are being standardized.
$goat is a very typical case, a landmark moment, with so many coincidences that it feels almost like a sense of destiny.
1. The new track of AI+MEME needs infrastructure, and fortunately, there is already infrastructure in place.
Because how do you issue tokens with AI? Build a separate website, do operations, write contracts? No need, just use the existing infrastructure to distribute and launch in a relatively scientific and fair way, and this has become a mutually reinforcing thing.
2. The new narrative in turn empowers the new infrastructure
pumpfun has produced tokens worth tens of billions or even hundreds of billions, while the previous assumption was always 10 million or 20 million market cap, the results are completely different.
But how to produce them actually requires a lot of unexpected factors, it's hard to pinpoint a single factor. For the $goat token, due to the narrative, it has received attention from institutions like a16z, Delphin and a16z, the original Three Arrows, Wintermute's market making, and top crypto influencers like Xiaohei openly calling for a $1 billion valuation, these are the result of very comprehensive factors working together.
This has also led to the rapid growth of thousands of retail holder addresses on the chain every day, with daily trading volume in the hundreds of millions of dollars, a momentum and token itself due to AI that is even more grand and lasting than $bome, which is actually a very new phenomenon.
II. The emergence of on-chain exchange Moonshot
pumpfun solves the problem of how to issue tokens.
Dexx and GMGN's experience in dealing with bots is a dimensional reduction attack - not technically, as Bananagun is still the mainstream.
The above categories focus on buying well, while also considering what to buy (all on-chain tokens available).
Moonshot focuses on what to buy, while also ensuring good buying (which bots have already solved).
But the core problem, the most difficult problem in MEME, is: what to buy? This is especially true for the 80% of novice users.
Currently, what's hot is the infrastructure of MEME, which is a huge change.
III. The listing effect of Moonshot
As mentioned earlier, the $gnon that was just launched today, had a trading volume of only $3 million per 24 hours before listing, and after listing, I tracked it and it skyrocketed to double, with a trading volume of nearly $50 million on-chain, which is kind of like a Binance-like effect. All of this is actually people abandoning VCs and embracing narratives, and behind these things, there are many industry shifts worth thinking about and paying attention to. But the strict selection of Moonshot's listings, combined with the lowered threshold experience, have actually been mutually reinforcing. We should see tokens over $3 billion on Moonshot. Pay close attention to its new listings, and I strongly recommend trying it out early. moonshot.money/?ref=HYzN6r4m1u The industry's shift towards MEME, I don't think this is necessarily a bad thing, especially considering the emergence of these web2-facing tools. Propagation itself is productivity!
