- Via its SunPump platform, Justin Sun’s Tron blockchain has adopted the mem ecoin concept.
- Over 5,500 meme coins have already been released on the platform, and it has significantly increased TRX revenue.
- Sun believes a meme currency with a market capitalization of more than $1 billion will soon be seen on the network.
With the introduction of SunPump, a tool created to produce these tokens on the network, Tron, the blockchain developed by Justin Sun, is now embracing the meme coin craze.
As to the Dune Analytics dashboard created by Hashed Official, SunPump has facilitated the birth of over 5,596 meme coins on Tron. Over two million TRX have been earned by this activity, worth roughly $257,779.
Tron’s SunPump Memecoins Give It More Momentum
With the creation and trade of these assets costing more over a million TRX, or roughly $133,000, Tron achieved its greatest single-day revenue on August 17.
Justin Sun, who points out Tron’s considerable advantages over rival networks, thinks this momentum will continue.
He added that while developers and dealers are looking for a platform with strong stablecoin liquidity, Tron supporters are keen to invest in fresh, interesting meme coins. Tron is also a great option because of its quick and affordable transactions and benefits like native MEV protection.
In fact, Tron is among the most reasonably priced networks for transactions, and its stablecoin balance is higher than that of the majority of its rivals. With assets valued at about $60 billion, Tron has the second-largest stablecoin supply, behind only Ethereum’s $82 billion, according to data from DeFiLlama.
Based on these elements, Sun believes that a meme currency with a market valuation more than $1 billion will appear on the blockchain shortly. One such cryptocurrency, Sundog, has already given its early investors substantial profits.
However, competitors like Solana’s memecoin launchpad PumpFun, which has received positive feedback from the community, pose a serious threat to Tron’s SunPump. Furthermore, there are increasing worries that the memecoin frenzy may be coming to an end.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
