So basically I’ve seen a lot bullish but quite delusional opinions regarding Moons, as a currency and its potential outcome. Here is my totally bearish opinion on Moons.

Why am I posting this ?

A lot of people are talking about seeing Moons in the Top 100, 50 even higher sometimes. So let’s get it straight, I do not believe this will ever happen. You’ll hear that some shitcoins went parabolic in a few days with less holders and this could send Moons to $100 if it simply matched Doge’s Market Cap or something. This is utter madness and not only delusional but showing a true lack of education about the whole ecosystem (In my opinion)

Quick reminder on Moons

To make it clear, I must remind you that technically Moons are not supposed to be traded. Also, according to Reddit ToS, Moons are meant to be solely a Governance Token without monetary value. While I totally understand this is a legal stand to prevent any juridic inconvenience, people need to understand that by no means Reddit will support trading, listings or anything related to the fact people can take this governance token out of his way.

This is a free market, people are able to trade it and price reflects simply the offer / demand for it. I still don’t understand why anyone would want to buy Moons, but I’ll get back to it later.

Not your everyday shitcoin

Now let me explain why I can’t see a lucrative future for Moons holders. First, while it is a shitcoin, Moons can’t be compared to others with aggressive marketing campaigns like Shiba did with Vitalik, or Doge being directly pumped by Musk.

You can find every example in the world, Moons have no reason to get pumped simply because they are not meant for it. You may then ask why shitcoins like BabyMuskCumBucket on the BSC will pump eventually : because this is their only purpose and people play the greater fool game trying to get in early and get out on time.

No one cares

Another interesting stat : there are 6+ million people in this sub, interested in cryptos and for sure knowing about Moons, but we are not even 200K holders. This means barely 3% of the “biggest crypto community” care about Moons that are free. So now tell me how someone out of this sub would care more, having to buy them.

Holder repartition is a Red Flag

My last point is that even if Moons were to magically pump one day, considering the distribution of wallets, there are already too much Moon whales to maintain a healthy bullrun. As soon as it would break ATH or say reach the scandalous value of $1, most whales will dump their bags and empty out liquidities everywhere. Most liquidity providers would face IL and I bet even arbitrage bots, if there’s any focusing on Moons, wouldn’t help.

On a side note, KM is only creating artificial scarcity, thus making price moves after snapshot and distribution. It is not needed for the governance use of the token and actually penalize liquidity providers. It has been voted by whales to secure their bag and make sure most people are incentivized to hold while they can dump at anytime.

Usecase > Pump

Moons value is bound to the fact it is inflationary and airdropped every month. What would be the intencive for buyers ? Why would they throw cash at it if most of the supply is owned by people who had it for free ?

As a final word, I think a pump on Moons value would do more harm than good, and it needs to keep a stable value to best serve it’s very purpose : governance.

I would love to hear your opinion on this, feel free to share you thoughful insights.

^{tl;dr : read it instead of rushing to comments for farming purpose}