The post Tron’s SunPump Generates $1.1M in Meme Coin Revenue appeared on BitcoinEthereumNews.com.

Tron’s New Platform SunPump generates over $1.1 million in just weeks, fueling a memecoin boom on Tron.  TRX Memecoin SUNWUKONG token skyrockets 20,462% in a single day, showcasing memecoin potential. Tron launches SunPump to challenge Solana’s dominance in the memecoin space. Justin Sun’s Tron ecosystem is riding high on the meme coin wave. Their new platform, SunPump, has pulled in over $1.1 million in revenue (7 million TRX) since its August 9th launch, according to Dune Analytics. So far, the platform has facilitated the creation of over 18,404 meme coins, igniting a lively meme season on Tron. Tron founder Justin Sun enthusiastically stated that SunPump has sparked a new era of meme coin popularity. Early adopters are seeing big rewards in this thriving ecosystem.  Of all the Tron meme coins, SUNWUKONG, that was launched on SunPump on August 13th, has gained major traction within the crypto community. Within the last 24 hours, the token experienced a massive 20,462% surge, reaching a market cap of over $12 million.  Tron’s meme coin focus has triggered a surge in activity, with over 4,000 new tokens minted on the platform. This has led to a tenfold increase in Tron’s trading volume compared to the previous week. Source: TOBTC While critics question the long-term viability of meme coins, Sun remained optimistic. He stressed on the importance of community engagement and fair launches in building user loyalty and in driving growth. He argues that community-driven meme coins offer a refreshing alternative to venture capitalist-backed projects with inflated valuations. Sun aims to make Tron the go-to platform for meme coins, potentially challenging Solana’s dominance in this space. He replicated the functionality of Pump.fun with SunPump, making meme coin creation easy and affordable. While concerns regarding long-term sustainability exist, the immediate enthusiasm and revenue generation signal a potentially…

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Filed under: News - @ August 21, 2024 7:22 pm