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DEX Screener launches Moonshot: Memecoins inundate Dexscreener's recently launched rival to Pump.fun

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Dexscreener has launched its own token launch platform, competing with Pump.fun. It's already filled with memecoins, ranging from political tokens to various others.

The crypto data platform Dexscreener launched its own competitor to Pump.fun on June 24, and it's already flooded with memecoins.



The platform, named Moonshot, allows users to launch their own tokens on the Solana network. It operates similarly to Pump.fun but with a slightly different user interface and some bold claims.



To get started, any user can connect their wallet and mint their own token for approximately 0.02 SOL, the same fee as Pump.fun. After entering a name, symbol, and image, users can launch their token and add social media links. Once launched, if the token achieves a market cap of 500 SOL (about $68,000), the tokens and liquidity are transferred to the decentralized exchange Raydium, while 150 to 200 million tokens are burned.

Unsurprisingly, Moonshot has already seen numerous memecoins created, ranging from political tokens to those tied to recently viral videos.

The platform asserts that it has undergone an audit but does not elaborate further. It also asserts that its tokens are secure against rug pulls and insists there are no pre-sales or insider deals. However, creators of tokens have the first opportunity to purchase them and can sell them at their discretion.

It's unsurprising that other projects are attempting to compete with Pump.fun, which has garnered a significant user base within the Solana community. Since March, the platform has generated over $40 million in revenue.



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