Original | Odaily Planet Daily (@OdailyChina)
Author｜Nan Zhi (@Assassin_Malvo)
Recently, the Meme trading platform Moonshot has gained popularity and has been praised by many posts on the X platform as a "small Binance" on the chain, claiming that it has solved the "last mile" problem of Meme tokens and has a strong listing effect. (Note: The author checked 9 Moonshot introduction articles and found that there were 6 articles with recommended links, showing a clear promotion benefit tendency.)
So does Moonshot really have a significant listing effect ? If so, is it short-term or long-lasting? Odaily will review the data in this article.
Basic information
Statistical objects: This article counts the 13 tokens that have been launched on Moonshot in the past ten days, excluding tokens that cross-chain from other chains to Moonshot, such as NPC, STONKS, etc.
Statistical time: Based on the listing time provided by the account “Moonshot Listings”, the token price is counted 5 minutes, 1 hour, 4 hours, 24 hours after listing, and at the current time (October 22, 11:00 Beijing time).
Special case: Since it is impossible to obtain the second when the listing announcement is released, the starting price is taken from the opening price of the 1-minute K-line , and other prices such as the 5-minute price after the listing are taken from the closing price of the 1-minute K-line.
Review of the Coin Listing Effect
The price statistics for each time period are as follows:
It can be clearly seen that there is an obvious "currency listing effect" 5 minutes after the listing announcement. The average increase 5 minutes after the announcement is 14.7%. The longer the time, the more obvious the differentiation.
In addition, if GOAT is not taken into account, the average increase from 5 minutes to 24 hours is actually increasing, but the cumulative increase since the listing of the coin has fallen sharply.
The short-term listing effect is obvious
The five-minute growth of Moonshot’s tokens after listing is shown in the figure below. They are arranged from left to right in the order of listing. It can be seen that except for XD, all other tokens have seen positive growth after the announcement.
After reviewing the K-line, the author found that there is a possibility that the "announcement robot" automatically buys according to the Moonshot announcement. Especially for several small-cap tokens, the 1-minute increase is more significant than the 5-minute increase.
The 1-hour growth chart is shown below. It can be seen that most tokens still maintained positive growth one hour after the announcement, but differentiation began to appear, and the growth of several tokens began to move towards the 0 axis.
There is no listing effect in the medium term
The figure below is a 4-hour increase chart. Half of the tokens have erased their gains and continued to decline. Magnet, GOAT, GNON and other three tokens are the leading tokens in their respective stages. The continued increase in their gains cannot be regarded as the fundamental reason for the increase.
The 24-hour growth chart is shown below, where Slop and Shoggoth are included because they were listed for less than 4 hours. It can be seen that the differentiation of token growth is becoming more and more obvious. It can be basically determined that whether Moonshot is listed or not has no direct relationship with the mid-term growth of the token.
Long term will eventually return to zero
The following figure shows the cumulative increase of each token since the announcement of the listing. GOAT is not included in this figure due to its large increase. It can be seen that most tokens are heading towards zero. The main reason is that all the tokens listed on Moonshot are Meme tokens. At a time when similar tokens are flooding, it is difficult to attract attention and establish core consensus in the long term, so it is inevitable to return to zero.
In summary, Moonshot listing can often only serve as a short-term reference indicator, and has nothing to do with whether the token can continue to rise in the short to medium term.
In addition, after reviewing the market, it was found that Moonshot listings are only carried out in the evening and early morning Beijing time. Listed coins are often popular tokens with a market value of around 10 million. Readers who focus on trading during this period can pay special attention to short-term opportunities.
