Moonshot Memecoin App Hits All-time High Daily Revenue

Memecoin trading app Moonshot continues infiltrating the retail crypto space, recording all-time high fees and revenue yesterday.

The app earned $130,000 in revenue in just one day, surpassing its previous daily high of $40,000 by a factor of three, according to DeFiLlama.

The record-breaking day came alongside a massive crypto rally as BTC surged 10% to a new all-time high of $89,000, which appears to have fueled retail investors’ interest in acquiring memecoins.

The revenue spike could also be due to extraordinarily high volumes after two tokens that trade on Moonshot, PNUT and ACT, were controversially listed on Binance, leading to extraordinary price rallies. Users who acquired these tokens at lower prices could be up as much as 20x, which could have led to profit-taking and higher volumes moving through the app.

Moonshot is currently ranked the #173 application in the finance sector of the Apple App Store, and the memecoin space as a whole is continuing to trend, with Dogecoin up 125% over the last 7 days.