Promoting Meme as a Trendsetter, does Moonshot really have a coin listing effect?

CN
4 hours ago

The effect of listing is significant within 5 minutes of the announcement, begins to differentiate after 1 hour, and the short to medium-term increase is unrelated to Moonshot.

Written by: Nan Zhi, Odaily Planet Daily

Recently, the meme trading platform Moonshot has gained fame, being "praised" in multiple posts on platform X as the on-chain "small Binance," claiming it has solved the "last mile" problem for meme tokens and has a strong listing effect. (Note: The author reviewed 9 articles introducing Moonshot and found that 6 of them included referral links, indicating a clear promotional bias.)

So, does Moonshot indeed have a significant listing effect? If so, is it short-term or long-lasting? Odaily will conduct a data review in this article.

Basic Situation Description

  • Statistical Objects: This article has counted 13 tokens that were listed on Moonshot in the past ten days, excluding other tokens that crossed chains to Moonshot, such as NPC, STONKS, etc.
  • Statistical Time: The listing time provided by the account "Moonshot Listings" serves as the benchmark, and the token prices are recorded at 5 minutes, 1 hour, 4 hours, 24 hours, and the current time (October 22, 11:00 AM Beijing time) after the listing.
  • Special Circumstances: Since it is impossible to determine the exact second the listing announcement was made, the starting price is taken as the opening price of the 1-minute K-line, while other prices, such as the price 5 minutes after the listing, are taken as the closing price of the 1-minute K-line.

Review of Listing Effect

The statistical results of prices at various time intervals are shown below:

It is evident that there is a significant "listing effect" within 5 minutes after the announcement, with an average increase of 14.7% in the 5 minutes following the announcement, and the differentiation becomes more pronounced as time extends.

Additionally, if we exclude GOAT, the average increase from 5 minutes to 24 hours is actually continuously increasing, but the cumulative increase since the listing has dropped sharply.

Short-term Listing Effect is Significant

The 5-minute increase of each token listed 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 other tokens have positive increases after the announcement.

The author has reviewed the K-line and found the possibility of an "announcement bot" automatically buying based on Moonshot announcements, especially for several small market cap tokens, where the 1-minute increase is more significant compared to the 5-minute increase.

The 1-hour increase chart is shown below, where it can be seen that most tokens maintain positive increases for 1 hour after the announcement, but differentiation begins to appear, with several tokens' increases starting to approach the 0 axis.

No Listing Effect in the Medium Term

The chart below shows the 4-hour increase, where half of the tokens have erased their increases and continue to decline, while the three tokens Magnet, GOAT, and GNON, which were leaders in their respective phases, continue to rise, but this does not qualitatively determine that Moonshot is the fundamental reason for the increase.

The 24-hour increase chart is shown below, where slop and Shoggoth are included due to being listed for less than 4 hours. It can be seen that the differentiation in token increases is becoming more pronounced, and it can basically be concluded that whether or not Moonshot lists a token has no direct relationship with the token's medium-term increase.

Long-term Will Eventually Go to Zero

The chart below shows the cumulative increase of each token from the announcement of the listing to the present. GOAT is not included in this chart due to its excessive increase. It can be seen that most tokens are heading towards zero, primarily because the tokens listed on Moonshot are all meme tokens, which struggle to attract long-term attention and establish core consensus in the current environment of oversaturation with similar tokens, making a decline to zero inevitable.

In summary, Moonshot listings often serve only as short-term reference indicators, and whether tokens can continue to rise in the short to medium term is unrelated to it.

Additionally, it was found that Moonshot listings only occur in the evening and early morning Beijing time, primarily focusing on popular tokens with a market cap around ten million. Readers who focus on trading during this time period may want to pay attention to short-term opportunities.

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