Moonpig Crypto Real or Fake: A Complete Breakdown

Fake cryptocurrency and related scams are common in the crypto arena. Investors and users consider this a significant problem, and in most cases, people find it difficult to differentiate which is real and which is fake. All we can do to avoid these kinds of crypto projects is take necessary precautions to prevent exposure to scam projects. 

A debate revolving around the Moonpig crypto project is heating up in the crypto sphere. Some expert reports have raised concerns about the legitimacy and safety of the Moonpig (MOONPIG) cryptocurrency. In this article, we check whether the Moonpig crypto is real or fake, and if it is a scam, what are the necessary precautions that all investors should be aware of?

What is Moonpig?

Moonpig (MOONPIG) is a community-based meme coin operating on the Solana blockchain network. The project aims to foster a fun and inclusive crypto community where all token holders can enjoy the meme culture. Moonpig blends the humour and crypto culture through its innovative and playful pig-themed branding and grassroots origins.

The purpose of the project is to position itself as a meme coin exclusively built to foster an inclusive, humour-driven meme community. Moonpig operates on the Solana network, which is known for its high-speed and low-cost transactions, and this project is entirely built by its community, aiming for enhanced transparency and development.

MOONPIG is the native cryptocurrency of the project, which has a total supply of 1 billion tokens with around 999.9 million already circulating.

The Concerns that Make People Think Moonpig is a Fake or a Scam

There are some concerns revolving around the Moonpig project; these concerns are capable of making people think that Moonpig is fake. The important concern is a sudden price drop incident reported in May 2025. This sudden overnight price drop triggered fear among the holders, and the rumours of an alleged rug pull scam further forced them to believe that there was something wrong with the project.

Some reports from multiple sources pointed out that Moonpig’s price was primarily influenced by the key opinion leaders’ promotions. This trend is closely associated with speculative assets, which are fake most of the time. This factor created a panic among the investors and made them believe that the token could be a speculative asset rather than one with inherent financial value.

Another concern regarding Moonpig was its association with James Wynn, one of the prominent crypto traders. James Wynn was one of the major promoters of Moonpig, and his involvement with the promotion of potentially fraudulent meme coin projects added some fuel to the flame.

James Wynn later came out and tweeted on X by confirming that he was neither MOONPIG’s developer nor behind the sell-off; he also added that he was just an investor with no intention of manipulating the market. 

Update regarding $moonpig:

As you all know my X has exploded in growth in recent weeks, and that’s been amazing for bringing attention to moonpig! But it also means my time is completely maxed out, jumping from one thing to the next and it's been a lot to handle and keep on top…

— James Wynn (@JamesWynnReal) June 18, 2025

These concerns have raised enough doubts among the token holders and even incited a huge sell-off, which is considered the major reason for the recent price volatility that Moonpig has experienced.

Meme Coin MOONPIG Dropped 30% overnight in May 2025: Was it a Rug Pull Scam?

Moonpig’s overnight drop of 30% was one of the most heavily criticised incidents in the history of the project. A lot of analysts and experts believed and suspected that this incident was a rug pull scam initiated by the project developers.

But the situation was flipped, and the latest findings report that an anonymous whale activity triggered the crash and incited the dramatic sell-off. As per the market analysis from May 2025, the wallet’s selling spree caused a notable price decline of Moonpig and sparked a wider panic among investors, forcing them to initiate selling their tokens. 

The incident reported on May might not be a traditional rug pull due to two main reasons. The project Moonpig was a fairly launched one on the Solana-based pump and dump scheme. This concept is quite different from the traditional rug pull scheme, where the original developers elope with the funds.

The second reason was the justification of the alleged rug pull scam. The sale, which led to the price drop, was triggered by a whale who was the custodian of a large portion of the token, and the massive sell-off was initiated by that anonymous large holder, which further fuelled the 30% overnight price drop.

Also Read: Best Cryptos To Buy Now: $STBL, $HEMI, $FIL

Is the Moonpig Crypto Real or Fake: Final Verdict

 Moonpig is a community-driven and fairly launched meme coin project in the crypto space. Some unfortunate events that have happened in their history have caused enough damage to the project, and most people still believe that Moonpig could be a fake project designed to loot the investors’ funds.

The project was fairly launched on Pump.fun, an exclusive platform built for launching meme coins on Solana. Moonpig, like any other meme coin, is a highly volatile crypto with its price generally influenced by community sentiment and internet trends.

Moonpig is tradable on multiple authentic cryptocurrency exchanges, including Coinbase, Binance, MEXC, and Gate, so the presence of Moonpig on these exchanges eliminates the possibility of it becoming a scam or fake. 

Moonpig has not been a fraudulent or fake crypto project since day one, but we can’t promise anything like that is going to be completely authentic in the future as well. Take necessary precautions while investing in any kind of meme coin, including Moonpig. 

Meme coins are highly volatile and speculative assets with inherent risks. The meme coin market is a common playground for fraudulent activities, including “pump and dump” schemes and “rug pulls”, so never try to invest more than you are prepared to lose completely.