Recently, the MEME trading platform Moonshot has risen to prominence, being "praised" by multiple posts on the X platform as the "mini Binance" on the chain, claiming that it has solved the "last mile" problem of MEME tokens and has a strong listing effect.
So, does Moonshot really have a significant listing effect? If so, is it short-term or long-term? Odaily will review the data in this article.
Basic Situation Description
· Statistical Object: This article has counted 13 tokens that were listed on Moonshot in the past ten days, excluding tokens that have been cross-chained to Moonshot from other chains, such as NPC and STONKS.
· Statistical Time: Based on the listing time provided by the "Moonshot Listings" account, the token prices at 5 minutes, 1 hour, 4 hours, 24 hours, and the current time (11:00 am Beijing time on October 22) after listing were counted.
· Special Circumstances: Since it is impossible to obtain the exact second when the listing announcement was released, the starting price is taken as the opening price of the 1-minute K-line, and the other prices, such as the 5-minute price after listing, are taken as the closing price of the 1-minute K-line.
Review of the Listing Effect
The statistical results of the prices at each time period are as follows:
It can be clearly seen that there is a significant "listing effect" in the 5 minutes after the listing announcement, with an average increase of 14.7% in the 5 minutes after the announcement, and the longer the time, the more pronounced the differentiation.
In addition, if GOAT is not included, the average increase from 5 min to 24 H is actually increasing, but the cumulative increase since listing has dropped off a cliff.
Significant Short-term Listing Effect
The 5-minute increase of each token on Moonshot is shown in the figure below, arranged from left to right in the order of listing. It can be seen that except for XD, all of them have positive increases after the announcement.
After reviewing the K-lines, the author found that there is a possibility of an "announcement bot" automatically buying based on the Moonshot announcement, especially for some small-cap tokens, the 1-minute increase is more significant than the 5-minute increase.
The 1-hour increase chart is shown below, and it can be seen that most tokens still maintain a positive increase one hour after the announcement, but differentiation begins to appear, and a few tokens start to trend towards the 0 axis.
No Listing Effect in the Medium Term
The figure below shows the 4-hour increase, where half of the tokens have erased their gains and continued to decline, while Magnet, GOAT, and GNON, which were the leaders in their respective stages, continued to rise, and this cannot be attributed to the fundamental reason for the increase of Moonshot.
The 24-hour increase chart is shown below, with slop and Shoggoth included because they have been listed for less than 4 hours. It can be seen that the differentiation of token increases is becoming more and more obvious, and it can basically be determined that whether a token is listed on Moonshot or not has no direct relationship with its medium-term increase.
Ultimately Destined to Return to Zero in the Long Run
The figure below shows the cumulative increase of each token since the announcement, with GOAT not included in the chart due to its excessive increase. It can be seen that most tokens are heading towards zero, which is essentially because the tokens listed on Moonshot are all MEME tokens, and in the current environment of oversaturation of similar tokens, it is difficult to attract long-term attention and establish a core consensus, and returning to zero is inevitable.
In summary, the Moonshot listing can often only serve as a short-term reference indicator, and whether a token can continue to rise in the short and medium term is not related to it.
In addition, after reviewing, it was found that Moonshot's listings are usually carried out in the evenings and early mornings in Beijing time, and the listings are often focused on popular tokens with a market cap of around 10 million. Readers who focus on trading during this time period can pay attention to short-term opportunities.
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