Highlights retail enthusiasm and potential increased Solana transactions.
Moonshot released Moonshot Create on June 27, facilitating the minting of meme coins with Apple Pay, as reported by BlockBeats News.
The initiative simplifies access to the meme coin market for a wide audience, potentially amplifying activity on Solana and advancing retail engagement.
Moonshot, a recognized platform in crypto trading, launched Moonshot Create, a new tool allowing the minting of meme coins using Apple Pay. Announced via Twitter, the service leverages the Solana blockchain to offer streamlined coin creation. This move aligns with Moonshot’s strategy to enhance consumer accessibility in crypto markets.
The introduction of Moonshot Create marks a significant shift in how meme coins can be created and circulated. The platform’s first meme coin, MONKEPHONE, achieved a $10M market cap quickly, indicating strong retail interest and potential for growth in Solana-based assets.
Community response has been overwhelmingly positive, as evidenced by reactions on social media and robust participation. However, there has been no official comment from major regulators or influential cryptocurrency figures regarding this launch.
Did you know? Moonshot Create’s adoption illustrates a growing trend in democratizing crypto access, similar to Pump.Fun, which popularized retail meme coin launches on Solana, emphasizing user-friendly interfaces.
Solana (SOL) is currently priced at $150.94, with a market cap of $80.65 billion, according to CoinMarketCap. The currency’s trading volume has decreased by 15.19% in the last 24 hours, despite a 5.56% price increase over the same period. SOL has seen price changes of 12.26% over 7 days and 21.96% over 90 days, highlighting dynamic market fluctuations.
Experts from Coincu suggest that Moonshot’s approach is likely to foster increased retail participation in crypto markets. This could lead to further investment in Solana and similar projects, although it may also invite scrutiny from regulators over meme coin volatility and consumer protection concerns.
