Written by Mark Bailey aka Moon Man aka @mada. This is not a recommendation to buy, sell, or trade.
Memecoins have gone mainstream. The sitting President of the United States has his own Solana memecoin. Whatever your political opinions may be, it doesn't get more legitimate than that. At the same time, large swaths of the memecoin space have been invaded by unsavory characters and questionable practices. There are people everywhere on messaging platforms trying to get you to send them your money or reveal identifying information. The risk of rug pulls is real.
It doesn't have to be this way. Token trading is inherently risky, but the communities we organize around our tokens can be made safer. The Moondong community is getting on top of this. We've already been targeted by scammers and spammers and we've been mostly successful in fending them off. We've also committed to transparency, making it clear that we're real people. Real people who think that a moon with a penis is funny.
For us, it's all about the Moondong, and we own this digital collectible proudly. Unlike most memecoins, Moondong will still be funny in 5 years. And people will still collect the token as long as being a Moonie continues to mean having a good time. To keep us headed in that direction, community members like me have resolved to make Moondong Solana's most ethical memecoin.
The token itself is built on Solana's public blockchain. Its creators kept a few tokens, locking up some of these until September. Their percentage was relatively small, especially compared to blockbusters like Trump coin, where 80% of the supply is owned by Trump companies. There are individuals like me who hold big bags of Moondong, but this is only natural when a mere $200 buys you a solid 1% of the total, as it does at the time of this writing.
While the trading market is a zero sum game, it's also relentlessly fair. The chart will always reliably report what people are willing to pay for Moondong at a given time. A person's choice to buy or sell is theirs alone. We obviously want them to buy and then brag about the purchase in the Telegram. But we're not about the sales pressure. We're just about the Moondong.
There's a mythology that's taken root in the memesphere. This mythology considers the life cycle of a token to consist of a single massive pump followed by a mass exodus and the inevitable death of the project. Everyone talks about hodling but cuts loose as soon as the price jumps or settles down below their expectations. The ideal scenario, in this mythology, is a future of gradual price increases with incremental and responsible profit taking as large stakeholders reduce their positions.
We can never reach this ideal with a one pump wonder. The way to get there is to change the story of what it means to organize around a memecoin. Instead of scamming each other, we entertain each other. Instead of promising riches, we promise only laughs. It would be hilarious if we all got rich on Moondong, but it would also be hilarious if it never caught on and we stuck with it regardless.
Project artist Charlie Seed has told me that he's granting every Moondong holder the right to use his character for any purpose, even commercially. That means you can put Moondong in a video game or embroider him on a tote bag and sell it. Charlie is happy to share the products of his creativity freely with the community. This sets the tone for the rest of us, who are now compulsively putting Moondongs in various pictures to see what's the funniest.
Solana Contract Address: DthcPtviaaVasr6GTjRLoRcJSysSqGsZR61LArghpump
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