Is Meme Coin Mania Moving to TRON? SunPump Generates Millions in Days

Justin Sun Introduces SunPump Platform with 888 TRX Airdrop
  • Due to SunPump on TRON, more than 4,800 meme coins have been created, with a daily production of more than 1,000 coins.
  • Within 24 hours of the protocol’s launch, over $1.5 million was created, reaffirming the monetary presence and demand for meme coins in the TRON ecosystem.
  • TRON has about $60 billion in circulating USDT, which can be a solid liquidity base for meme coins, their creators and traders.

Meme coins have always been a subject of debate and discussion in the cryptocurrency world, and as such, they remain polarizing. The latest addition to this trend is SunPump, a new project operating on the TRON blockchain that has become a hotbed for meme coin projects. Since its launch on August 13th, SunPump has experienced increased activity, with over 1000 meme coins being produced to date.

SunPump is a protocol developed by Sun.io, a platform closely associated with TRON’s founder, Justin Sun. It enables users to establish meme coins quickly and with minimum or no coding skills. This ease of use has led to the widespread adoption of this coin and the creation of meme coins in the TRON network.

The numbers speak volumes. Since its launch, SunPump has facilitated the creation of over 4,800 meme coins, generating significant revenue for the platform. On August 17th alone, the protocol raked in over $1.5 million. This activity level can be attributed to increased awareness of the TRON platform as a home for meme coin traders and pump-and-dump schemes.

The Future of Meme Coins on TRON

Justin Sun’s aggressive tactics have traditionally involved anticipating trends within the cryptocurrency market. His promotion of SunPump is no exception, and he has targeted it towards the growing trend in meme coins. Another feature which might be of interest regarding creating a meme coin is that TRON has a reasonably large liquidity pool.

While TRON has approximately $60 billion in circulating USDT, other networks, such as Solana, have only a mere $1.9 billion in circulating USDT. Such a large amount of liquidity is necessary for the meme coin market, as it guarantees that there will be enough money to finance trading operations.

With the exponential rise in the value of SunPump, the future of meme coins on TRON can be deemed uncertain. While more people are joining it to create and trade these coins, whether this will continue or slow down along the way needs to be clarified. Nonetheless, given the sophisticated infrastructure of TRON and the active approach of the project’s creator, Justin Sun, the network should maintain its status as one of the leading meme coins in the ever-shifting market.

Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

Other posts