According to Dune, almost six thousand memecoins have already been launched on TRON via SunPump , which have brought in more than 2 million TRX (approximately $258 thousand). TRON (TRX) blockchain creator Justin Sun has launched the SunPump platform and is now promising that the first “billionth” memecoin will appear on the network.
SunPump Chances of Success
Launched via the Sun.io platform, the SunPump project allows users to quickly create memecoins on the TRON network. To create a “meme” coin, you need to pay 20 TRX, as well as a trading fee of 1%.
According to Dune , on August 17, the TRON blockchain recorded a record one-day income from memceoin launches via SunPump. In just 24 hours, users created more than four thousand tokens. The platform earned more than 1 million TRX ($133,000) in fees.
Number of launched memcoins since SunPump launched. Source: Dune
Justin Sun is confident that the momentum will continue, saying that the TRON blockchain has significant advantages over its competitors.
“Tron’s biggest strength is $60 billion in TRON USDT. No other blockchain protocol has such a large liquidity pool. Memecoins thrive on liquidity, and TRON has it in abundance,” he wrote on X (formerly Twitter).
Memecoins, TRON, and Justin Sun
Sun noted that TRX holders are looking to invest in new, interesting memecoins, while developers and traders are looking for a platform with reliable stablecoin liquidity. TRON is the perfect choice for them. The network offers fast and cost-effective transactions, as well as protection from MEV, the entrepreneur emphasized.
TRON is indeed considered one of the most efficient networks for transactions. In terms of the number of stablecoins on the platform, the blockchain significantly outstrips most competitors. According to DefiLlama , TRON stores “stable” coins worth about $60 billion.
Distribution of stablecoins across different blockchains. Source: DefiLlama
Taking all the above factors into account, Sun predicts that the TRON network will soon have a “billionth” memecoins. According to him, one of these coins, Sundog, has already increased significantly in price and brought good profits to early investors.
However, SunPump will not be so easy. There are already platforms on the market offering similar services. For example, pump.fun. The latter has already received rave reviews from the community, and recently even surpassed Ethereum in revenue.
Source: X
In addition, there are growing concerns among many experts that the memecoins boom is nearing its end. “The reason why memecoin traders are losing money is because real money on Wall Street is now moving into crypto. Scams, celebrity coins, etc. won’t work anymore. The garbage is being thrown out (and publicly condemned). This is good for digital asset adoption in the long run,” said ETF Store President Nate Geraci.
The post Justin Sun Launches Memecoins Platform on TRON first appeared on The VR Soldier.
