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- Justin Sun promotes meme coin creation on TRON, offering insurance for creators and charity-focused profits.
- TRON’s meme coin ecosystem grows with zero-fee trading and new token launches, driving TRX price up.
Tron founder Justin Sun has sparked interest in meme coin creation on the layer-1 blockchain. Sun announced on X that he would not profit from assets on the platform, encouraging a wave of new tokens.
Additionally, he hinted at an insurance mechanism to support creators. This move follows the trend of meme coin-driven blockchain growth, similar to Solana’s surge with BONK and dogwifhat.
Tron Founder Unveils Insurance for Meme Coin Creators
Sun’s viral post suggests that he will personally cover losses for users on the network. While this promise seems ambitious, it has attracted attention. According to Sun, proceeds from meme coin activity will go to charity rather than personal gain. This approach aims to provide a secure environment for meme coin developers, reducing financial risks.
Under current U.S. SEC guidelines, meme coins are considered assets, not securities. This classification removes regulatory burdens, allowing easier launches. The meme coin market reached a total valuation of $48.38 billion. Sun’s latest update has driven TRX’s price up by 7.7% in 24 hours to $0.06065.
Sun’s Vision for Meme Coin Creation
Sun has revived TRON’s meme ecosystem, leading to increased token launches. The SunPump platform recorded 112 new tokens in a day, a four-month high. The initiative aims to position TRON as a competitive meme coin launchpad, mirroring Binance’s strategy.
SunPump’s activity had previously declined, but the new push seeks to regain traction. At its peak in August 2024, the platform launched 7,531 tokens in a single day. Sun’s announcement has reignited interest, though competition remains stiff from Solana’s Pump. fun, which still generates 25,000 daily token launches.
Meanwhile, Justin Sun and the SEC are discussing a possible settlement. According to ETHNew’s recent report, court filing indicates both parties have requested a stay in proceedings to explore a resolution. This comes a year after the SEC charged Sun with fraud and market manipulation. The outcome of these discussions could impact TRON’s future trajectory.
TRON to Offer Free Meme Trading and Exchange Listings
TRON is implementing zero-fee trading for meme assets to attract more users. This strategy follows Binance’s model, which eliminated trading fees for decentralized swaps. Additionally, newly launched meme coins may gain listings on HTX Global, formerly Huobi, further increasing liquidity.
The recent wave of meme coin launches has drawn whale traders. One whale turned a 3,600 TRX ($809) investment into $510,000 through the new SZN token. Despite such gains, the market remains highly speculative. Insider trading and rug pulls remain concerns in meme token trading.
TRX’s price has shown resilience, rising to $0.23. Analysts predict potential growth to $0.46–$0.49 by the end of 2025. While long-term projections vary, ETHNews analysts estimate that TRX could reach $1.23 by 2030.
