Moonshot Disrupts Crypto: Mint Memecoins Instantly with Just a Photo & Apple Pay
Forget complex smart contracts—Moonshot just turned memecoin creation into a point-and-shoot operation. Their new platform lets anyone spawn a token with nothing but a smartphone snap and Apple Pay. The crypto wild west just got wilder.
How it works: Snap, pay, meme
Upload any image (yes, even your dog), tap Apple Pay, and boom—your blockchain abomination is live. No coding, no audits, just pure unadulterated degeneracy at 2,000 transactions per second. Perfect for when you need to rug-pull before brunch.
The fine print nobody will read
Each "project" burns $50 in ETH fees—because apparently we're still pretending gas costs matter. The tokens deploy on an L2 that may or may not exist next week. But hey, at least the JPEGs are stored "decentrally" (read: on three unpaid interns' IPFS nodes).
Financial advisors hate this one trick
Wall Street bankers are reportedly furious—Moonshot cut their 2-and-20 fee structure down to a flat $2.99 Apple processing charge. Now even hedge funds can't justify their existence when teenagers are printing Shiba Inu knockoffs between TikTok dances.
Just when you thought crypto couldn't get more absurd, Moonshot proves the market will literally buy anything—as long as it comes with a dopamine-hit rainbow progress bar.
Pump.fun release updates amid market uncertainty
On the same day, memecoin launchpad Pump.fun announcedof its mobile application.
Among the new features are a feed to catch tokens rising rapidly in price, the option to quickly buy portions of any supported token with a single button, and a news section featuring trending tokens.
The launch by Moonshot and Pump.fun comes amid declining interest in memecoins in recent weeks.
In April, monthly trading volume related to memecoins on solana grew nearly $12 billion, according to Blockworks. It continued the rise and climbed from $56.4 billion to $74.7 billion in May but stands at only $47 billion this month.
The memecoin sector was the sixth-worst-performing out of 24 crypto sectors over the past 30 days. Memecoins registered an average drawdown of 30.3% during the period, which was heavily eclipsed by other popular narratives, such as decentralized application tokens and real-world assets.
