From $70 to $70,000? I Tested Sun Pump.meme
In the world of meme tokens, platforms like Sun Pump offer both opportunities for profit and risks of loss. I allocated $80 to test Sun Pump.meme, the same amount I used previously on Pump.fun, which operates on the Solana network.
To get started, you need to create a TRON wallet, as suggested on the site. The platform is generally easy to use, and all the tokens you purchase can be added to your wallet with a simple click on the plus button in the top right corner. Once a token reaches the minimum required market cap, it is automatically listed on SunSwap.
Initially, I bought two random tokens, two that were nearing their market cap goal, and created my own token. The results were mixedâthe random tokens didnât perform at all, while others with more investor interest saw quick, minor gains.
For my token, I invested around 200 TRX (creating a token requires paying a 30 TRX fee, which is relatively cheap). I kept the amount there because my analysis was done with no intention of causing a dump. This way, if someone bought and sold, they would be taking money from my investment, not theirs.
In general, the strategy of buying tokens between 80% and 90% of the required market cap before launch can be effective. However, the main drawback of Sun Pump is its low user base, leading to slow growth. Reaching 100% can take days, compared to minutes on Pump.fun.
Caution is crucial; only invest what you can afford to lose. Both platforms carry the risk of sudden dumps, though they can also yield significant profits. Sun Pump lacks a chat feature, making it harder to gauge community sentiment and interact with the cryptocurrency creator.
To succeed, avoid external links and sell when you hit your target profit. Most token creators lack long-term plans, so if you create your own, ensure you have a solid strategy, create utilities for the token, and have a good holding percentage plan. Build a community and take care of your users to avoid issues.
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