Moonshot now lets users create memecoins using Apple Pay and a photo directly from its iOS app.
Memecoins that bond and reach $1 million can earn rewards and get featured to millions of active users.
Pumpfun added tools to track rising tokens and buy them quickly as memecoin interest drops in June.
Moonshot has introduced Apple Pay support to its iOS app, enabling users to create memecoins with just a photo and a tap. The update launched on June 27 and expands the app's use beyond trading and buying tokens. This marks a notable shift in focus, as users can now mint new tokens directly from their phones.
https://twitter.com/moonshot/status/1938617656934117829 Moonshot Create Streamlines Coin Launch Process
The new feature, named Moonshot Create, lets users mint coins on the Solana blockchain by uploading an image and paying fees using Apple Pay. Once a coin is minted, it carries a 0.5% trading fee until it bonds. Bonding refers to a protocol event that links the token’s supply to an on-chain liquidity curve. Meanwhile, Jupiter exchange recently acquired a majority stake in Moonshot.
After bonding, the fee drops to 0.3%. The creator can earn up to half of all swap fees from the token’s pool. Verified coins that meet key benchmarks also get added visibility in the app.
Coins with Growth Get Boosted Visibility
Memecoins reaching a $1 million fully diluted valuation and completing bonding qualify for premium placement in Moonshot. These coins appear prominently in the discovery tab, drawing more users and liquidity. Moonshot reported millions of monthly active users but did not reveal the exact revenue split for verified creators.
Preferred placement is designed to increase exposure. The more a coin gains traction, the more it earns for its creator and the platform. This model could encourage more user participation despite declining interest in memecoins this month.
Pump.fun Launches App Update with New Tools
On the same day, Pump.fun rolled out updates to its mobile app. The update includes a live feed that tracks fast-rising tokens. Users can now purchase supported tokens using one-tap functions. A news section also highlights trending tokens in real time. The launch comes a month after it launched a new revenue-sharing model.
https://twitter.com/pumpdotfun/status/1938609072946987312
This update comes during a slowdown in the memecoin market. Monthly trading volume surged in April and May but has since dropped. June's total volume is around $47 billion, down from $74.7 billion in May.
Memecoin Market Faces Sharp Decline
Memecoins recorded the sixth-worst performance out of 24 crypto sectors over the past 30 days. Average drawdowns hit 30.3%. In contrast, other narratives like decentralized applications and tokenized real-world assets gained more attention.
Moonshot and Pump.fun’s updates aim to revive user interest. Easier creation and improved visibility could help memecoins regain momentum in a cooling market.
