SunPumpMeme introduces a 100% on-chain buyback and burn process for transparency.
Community debates liquidity vs. buyback strategies for token stability and growth.
Experts suggest enhancing liquidity to attract larger investors and stabilize prices.
SunPump, the first meme coin platform on the Tron network, is shifting to a fully on-chain buyback and burn process for its SUN token starting September 3rd. This move aims to increase transparency by making all burn records verifiable on the blockchain.
Tron founder Justin Sun revealed this latest development on X, emphasizing that it reflects the community’s decision. Sun explained that while the traditional method of burning Liquidity Pool (LP) tokens was considered, it was ultimately deemed too complex for many community members to understand.
Although LP token burning—employed by other tokens like Shiba Inu (SHIB)—can boost liquidity and offer regulatory advantages, its complexity often leads to confusion. “This new method is easier to verify,” Sun stated.
Regarding the issue of revenue buyback and burning for @sunpumpmeme , the community previously suggested burning liquidity LP tokens becaus…
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