Tron, established by Justin Sun, is adopting the popular trend of meme coins with its latest platform, SunPump. More than 5,500 meme coins have been introduced on the Tron network, resulting in substantial earnings in TRX, the native crypto of Tron.
According to data from Dune Analytics, SunPump has facilitated the creation of several meme coins, leading to a substantial TRX revenue in the millions. The recent increase in value emphasizes the rising popularity of meme coins in the Tron ecosystem and establishes SunPump as a possible influential entity in the crypto industry.
Tron achieved its biggest daily earnings from the debut of meme coins, with a substantial amount of TRX being used for the creation and exchange of these assets. Justin Sun expresses a positive outlook on the future of the platform, as he believes that Tron’s distinctive advantages will enable it to surpass its competitors in the meme coin market.
The extensive TRON USDT liquidity pool, robust stablecoin liquidity, swift and cost-effective transactions, along with features such as inherent MEV protection, render Tron highly appealing to developers and traders.
Tron is widely acknowledged as a highly efficient network for conducting transactions, boasting a stablecoin balance that exceeds that of the majority of its rivals.
According to data from DeFiLlama, Tron possesses the second-largest amount of stablecoins, ranking just below Ethereum. Sun’s conviction in Tron’s imminent emergence of a meme coin surpassing a market valuation of $1 billion is grounded in these facts.
Nevertheless, there is a mounting apprehension that the trend of meme coins may be waning in its force and vigor. Nate Geraci, the president of the ETF store, said that the growing participation of institutional investors in the crypto sector is altering the overall scenario.
He suggests that meme currencies could have to adjust themselves to the evolving market conditions. Justin Sun maintains a strong belief in the future prospects of meme coins on the Tron network. He is certain that the platform’s robust liquidity, minimal transaction expenses, and expanding community of developers and investors will contribute to its flourishing.
