Tron network has recently made headlines with the launch of its innovative SunPump platform for memecoins on August 9. SunPump is the first meme fair launch platform on Tron, and its impact has been immediate and significant. But what does this mean for investors? Could Tron memecoins be on the verge of a 100x surge?
SunPump’s Impressive Launch
SunPump, a new memecoin deployer on the Tron blockchain, has achieved impressive financial success in just 11 days since its launch. It has rapidly gained traction, having already introduced over 20,000 memecoins.
This surge in activity is reflected in the revenue generated, which has reached 7,913,912 TRX, or about $1.14 million. The platform’s success in driving these launches underscores its pivotal role in the memecoin market.
In terms of revenue generation, the Tron chain has recently outperformed its competitors. SunPump alone has surpassed Pumpfun in transaction volume over the last 24 hours, positioning Tron as the top chain for revenue generation during this period.
Sundog’s Surge: From $2M to $237M
Sundog (SUNDOG), a meme coin on the Tron blockchain, has amazed the crypto world with its rapid growth. Its market cap jumped from $2 million a few days ago to $237 million today.
The coin gained a lot of attention after Justin Sun announced the launch of SunPump. Since then, SunPump has taken a significant share of the market from pump.fun, a similar token generator on Solana. With this momentum, SUNDOG could be on its way to becoming the first billion-dollar meme coin on Tron.
Doubt Over Memecoin Success
Even with recent success, meme coins are often doubted for their long-term worth. Critics say many are prone to speculative trading and lack real usefulness. Data from pump.fun, a memecoin platform on Solana, shows that most tokens there haven’t gained much value, with less than 1.5% reaching the $63,000 needed for the bonding curve.
TRX Price Sees a Boost
The launch of SunPump has boosted the Tron blockchain’s revenue and liquidity. This improvement is partly due to Justin Sun’s Meme Ecosystem Boost Incentive Program, which has invested $10 million to help memecoin projects. Additionally, Tether minted 1 billion USDT tokens on Tron on August 20, further increasing the blockchain’s liquidity.
Meanwhile, the TRON network has recently surged into the top 10 cryptocurrencies by market value, now worth $14.34 billion. Its trading price has also risen to around $0.16, showing an 11% increase in the last 24 hours and a 26.1% jump over the past week.
