Promotion of Meme Trendsetter, does Moonshot really have a coin listing effect?
The effect of listing is significant within 5 minutes of the announcement, starts to differentiate after 1 hour, and the short to medium-term increase is unrelated to Moonshot.Author: Nan Zhi, Odaily Planet Daily
Recently, the meme trading platform Moonshot has gained prominence, being praised in multiple posts on platform X as the "small Binance" on-chain, claiming it solves 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 noticeable promotional bias.)
So, does Moonshot indeed have a significant listing effect? If so, is it effective in the short term or does it persist over the long term? Odaily will conduct a data review in this article.
Basic Situation Description
- Statistical subjects: This article statistics 13 tokens that were listed on Moonshot in the past ten days, excluding other tokens that cross-chain 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 current (October 22, 11:00 AM Beijing time) after listing.
- Special circumstances: Since it is impossible to obtain the exact second when 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 after 5 minutes, are taken as the closing price of the 1-minute K-line.
Listing Effect Review
The statistical results of the price at various time intervals are shown below:
It is evident that there is a significant "listing effect" in the 5 minutes following the announcement, with an average increase of 14.7% in the first 5 minutes after the announcement, and the differentiation becomes more pronounced as time extends.
Additionally, excluding GOAT, the average increase from 5 minutes to 24 hours is actually increasing, but the cumulative increase since listing has plummeted.
Short-term Listing Effect is Obvious
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 others have positive increases after the announcement.
The author, upon reviewing the K-line, found the possibility of an "announcement bot" automatically buying based on Moonshot announcements, especially for several small-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 a positive increase in the first hour after the announcement, but differentiation begins to appear, with several tokens' increases starting to approach the zero axis.
No Listing Effect in the Medium Term
The following chart shows the 4-hour increase, where half of the tokens have erased their gains and continue to decline, while three tokens, Magnet, GOAT, and GNON, which were leading tokens 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 increasingly evident, and it can basically be concluded that whether or not Moonshot lists does not have a direct relationship with the medium-term increase of the tokens.
Long-term Will Eventually Go to Zero
The following chart shows the cumulative increase of each token since the listing announcement. 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 amid the proliferation of 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 medium to short 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 special attention to short-term opportunities.
