Justin Sun aims to challenge Solana’s dominance in the meme coin sector with SunPump.
Sun said that SunPump meme projects are open to collaborating with CEXs for listing.
SunPump had 10,000 in the past week and the number will shoot up to 20,000 soon, Sun predicted.
Tron founder Justin Sun aims to challenge Solana’s meme coin dominance with the launch of SunPump, Tron DAO’s first meme coin platform.
This move comes hot on the heels of the recent surge in popularity of Solana-based meme coins like dogwifhat (WIF), Bonk (BONK), and BOOK OF MEME (BOME). Sun, the ever-ambitious crypto entrepreneur, sees SunPump as Tron’s answer to Solana’s stronghold in the meme token space.
In a post on social media platform X (formerly Twitter), Sun promoted the meme coins on SunPump, adding that a “big wave” of meme cryptocurrencies will soon “hit” the leading centralized exchanges (CEXs) in the digital asset space and said that the “FOMO will be wild.” He also added that his top pics for CEXs are HTX (formerly Huobi) and Poloniex.
SunPump announced reaching the 10,000 users milestone last week, and Sun added that the number will soon grow to 20,000 since the platform is still in its early stages. To prepare for the surge in user adoption, SunPump upgraded its server capacity over the weekend and plans to onboard more users soon.
This week will be 20,000 users. We are still early! https://t.co/CNwgQ0jy0V
— H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 19, 2024
Sun said in another X post that if any CEX wants to partner with SunPump, he would be happy to sit and have a chat, adding that the meme projects on Tron DAO’s meme coin platform are “super picky” about where they trade their native tokens. On the other hand, centralized exchanges have been delisting various altcoins due to these tokens failing to comply with their standards.
Meme coin enthusiast “Mark” on X pointed out that before the rally of Solana-based meme cryptocurrencies, the price of the SOL token was just $50. However, after the rally of meme coins including WIF, BONK, and BOME, the SOL token reached a high of $202 in March, as per CoinMarketCap data. At the time of writing, SOL is trading at $142.67.
TRX, the 11th-largest digital asset by market cap, is currently trading at $0.1365 with a 2.11% gain in the last 24 hours. Additionally, the altcoin is up 6.80% in the past seven days, 1.35% in the last 30 days, and a remarkable 85.73% since August 2023.
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