1000+ Memecoins released daily on SunPump

Meme coins have always been a particularly polarizing topic within the cryptocurrency community, especially over the last cycle.

Projects like dogwifhat (WIF), political meme coins and a host of others have elevated the field to the forefront of the industry and TRON seems to be the latest destination for those looking to dabble in the volatile category.

1000 meme coins per day on TRON

On August 13, Sun.io, a platform linked to Tron founder Justin Sun, announced the launch of SunPump.

SunPump is a protocol that, similar to PumpFun, allows users to create their own meme coins in minutes without requiring any prior development knowledge.

And it’s gone wild.

Data shows that since its launch, more than 1,000 memecoins have been created daily.

Since #SunPump launched, 4,844 #MEMEcoins have been created on #TronNetworkwith an income of 1.84 million $TRX($246.6 thousand). pic.twitter.com/R8n7wZHUiy

— Lookonchain (@lookonchain) August 18, 2024

The SunPump protocol has experienced an absolute boom in terms of revenue generated:

The szn coin meme is moving $THRON?

Launched just a few days ago, @justinsuntron SunPump already raised over $1.5 million as of August 17th. pic.twitter.com/f8IVoSFku6

— CryptoPotato Official (@Crypto_Potato) August 18, 2024

Why Meme Coins on TRON?

Justin Sun has been known to tap into ongoing and developing trends in the cryptocurrency industry for years, so it’s definitely no coincidence that SunPump is being heavily promoted given the huge popularity of meme coins in the field

He spoke on TRON’s merits compared to other networks, noting:

For me, when it comes to the whole “Why TRON, why SunPumpMeme?” thing, the biggest flex is this $60 billion in TRON USDT. No other blockchain protocol has such a massive pool of liquidity. Coin platforms live and die by liquidity, and TRON has that in spades.

In fact, the USDT on TRON dominates that of other networks by far. For example, Solana, which is currently the dominant chain in terms of meme coin activity, only has about $1.9 million USDT in circulation, as opposed to $60 million in circulation on TRON.

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