According to CryptoPotato, Tron is experiencing unprecedented levels of trader interest following the launch of a new meme coin deployer and a significant price increase. Data from Santiment indicates that TRX has become the most trending asset in the crypto market, driven by the introduction of SunPump on August 12th. Since its debut, over 7,000 new coins have been created, boosting interest in Tron’s native token. Consequently, TRX’s market price surged by 22%, briefly approaching $0.17. This increase has generated long-term optimism, with analysts predicting mid-term bullish momentum despite short-term volatility, according to Santiment’s latest analysis. The rise in Tron network activity, particularly in meme coin launches, has led to increased TRX burns, indicating heightened demand and a shrinking supply. Tron’s growing reputation as a hub for meme coins, highlighted by the popularity of tokens like SUNDOG, has drawn comparisons to previous meme seasons that saw significant price rallies. Additionally, ongoing developments and partnerships, including collaborations with hedge funds, are expected to enhance visibility and trading volume for Tron-based tokens. Santiment also noted that Tron founder Justin Sun’s influence and reputation further bolster investor confidence, driving the project’s growth potential. Data from Dune Analytics revealed that SunPump has generated over $1.14 million in revenue since its launch. On August 20, Justin Sun shared on X that the platform went offline due to overwhelming traffic, prompting developers to scale up operations and restore service within an hour. That same day, SunPump recorded its highest revenue yet, earning nearly 2.78 million TRX. Despite the backlash against meme coin resurgence this year and the subsequent scams and rug pulls, Sun remains optimistic about meme coins. He believes the success of these tokens is not by chance. Sun stated, “When every developer can build a community through a fair launch, gain everyone’s support, and foster enthusiasm and loyalty, the community can share in the success of the cryptocurrency. Who would still pay for tokens with absurd valuations pumped up by VCs to billions of USD? Even the smallest growth of a meme token brings joy and satisfaction to everyone because, with a community and decentralization, you have everything.”