YEREVAN (CoinChapter.com) — TRON has emerged as a leading platform in the growing memecoin market, thanks to its new SunPump protocol. The platform, which allows users to create their own memecoins without any technical expertise, has seen rapid adoption, with over 1,000 new coins launched daily. This surge in activity has solidified TRON’s position as a key player in the world of memecoins.
SunPump Launches 4,844 Memecoins, Generates $1.84M TRX Revenue
On August 13, 2024, Sun.io, a project associated with TRON founder Justin Sun, introduced SunPump, a protocol designed to simplify memecoin creation. Similar to the PumpFun platform, SunPump enables users to generate memecoins in minutes, even without development skills. The response has been overwhelming, with 4,844 memecoins launched on the TRON network by August 18, according to data from Lookonchain.
TRON Memecoin Boom: 4,844 Tokens, 1.84M TRX Revenue. Source: Lookonchain
The newly launched memecoins have generated 1.84 million TRX in revenue, equivalent to approximately $246,600. SunPump’s revenue continues to grow, bringing in over $1.5 million on August 17 alone. This rapid growth reflects the growing demand for memecoins on the TRON network.
Justin Sun Highlights TRON’s $60B Liquidity as SunPump Thrives
Justin Sun has pointed to TRON’s impressive liquidity as a key factor in its success in the memecoin market. TRON currently boasts $60 billion in circulating USDT, a massive liquidity pool that sets it apart from competitors like Solana, which holds just $1.9 billion.
SunPump’s $1.5M Surge: TRON Memecoin Craze. Source: CryptoPotato
“For me, when it comes to the whole ‘Why TRON, why SunPumpMeme?’ thing, the biggest flex is that $60 billion in TRON USDT,” Sun stated.
“No other blockchain protocol’s got a liquidity pool this massive. Memecoin platforms live and die by liquidity, and TRON’s got it in spades.”
Justin Sun Highlights TRON’s $60B Liquidity Edge. Source: @justinsuntron
As the memecoin trend continues to grow, SunPump is capturing significant attention within the TRON community, positioning the network as a dominant force in the market.
