PANews reported on August 16 that Sun.io, a decentralized financial platform owned by Tron founder Justin Sun, released a token generator called SunPump, which allows users to create meme coins on the Tron blockchain. The platform will compete with Solana's pump.fun, which saw a surge in transaction fees this week, reaching $5.3 million in 24 hours. SunPump provides $10 million in resources for newly issued tokens and introduces an audit process to avoid scams. Sun said that SunPump ensures that projects meet specific standards and improve transparency and user trust by cooperating with the Poloniex exchange.