Cakezilla Live AND MOONING is a meme-based cryptocurrency project with announcements available on Telegram. It appears to be related to other 'Zilla' themed projects like CATZILLA and PepeZilla, focusing on a meme war and community growth. The project aims for significant marketing efforts through platforms like Twitter and Telegram, with a potential focus on reaching the moon. It utilizes a 3% buy/sell tax and is pursuing fast track listings on CoinMarketCap and CoinGecko.