Getting to Know SunPump: New Memecoin Launcher on TRON and How it Compares to Pump.fun

Bittime – The crypto world is once again enlivened with the latest innovation from the TRON blockchain, namely SunPump.

This memecoin launch platform supported by Justin Sun immediately attracted the attention of many parties, with revenues reaching more than $1.1 million in just 11 days since its launch.

What is SunPump?

SunPump launched on August 9, 2024 as the first dedicated memecoin launch platform on TRON.

Users can easily create and trade memecoins using TRON blockchain technology.

Since launch, SunPump has generated more than 7 million TRX in total revenue, according to data from Dune, a web analytics platform.

One of its superior features is the bonding curve mechanism which facilitates purchases and ensures sustainable liquidity.

Read Also: Dogs Coin Hits 20% Price Increase, Market Cap $789 Million

Bonding Curve Mechanism

SunPump uses a unique bonding curve mechanism designed to provide sustainable liquidity for tokens created on the platform.

When a project reaches 100% of the bonding curve at $69,420, the smart contract will automatically deposit approximately 100,000 TRX and 200 million tokens into the SunSwap V2 liquidity pool.

This process is claimed to ensure the availability of liquidity for trading, thereby reducing the risks associated with price volatility.

Additionally, SunPump charges a creation fee of around 20 TRX (around $2.60 at current prices) and a trading fee of 1%.

This fee is designed to maintain the sustainability of the platform while contributing to the liquidity pool.

SunPump vs. Pump.fun Solana

Justin Sun, founder of SunPump and TRON, clearly explains the differences between his platform and Solana's Pump.fun.

While both platforms aim to simplify the creation and trading of memecoins, SunPump offers several advantages. One of the most significant is a strategic partnership with crypto exchange Poloniex.

This partnership ensures that projects that maintain a daily trading volume of $1 million for three consecutive days are eligible to be listed on Poloniex.

The success of $SUNDOG

One of SunPump's most notable success stories is the rapid rise of $SUNDOG, a token that soared to a market cap of $53.4 million just eight hours after launch.

According to Lookonchain data, several traders on SunPump managed to achieve extraordinary profits. For example, a trader named ‘TEP7…T1da’ managed to earn 104x profit by trading SUNDOG tokens.

This trader initially invested 5,000 TRX (approximately $650) to acquire 6.87 million SUNDOG tokens.

In seven hours, they sold 4.57 million SUNDOG for 522,840 TRX (about $68,000), making a profit of 517,840 TRX (about $67,300).

Overcoming Worries

While SunPump has generated a lot of excitement, the platform has also faced criticism regarding the inherent risks of memecoins. These coins are often vulnerable to price manipulation and fraudulent activity.

To address these concerns, Justin Sun ensures that SunPump will go through a rigorous review process and community audit mechanism. These steps are reportedly taken to ensure only credible projects are listed on the platform.

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SunPump Potential and Risks

As the TRON ecosystem grows and interest in memecoins increases, SunPump could see increased adoption.

For users who successfully discover and trade potential memecoins, the financial rewards can be significant.

SunPump can contribute to the overall growth and development of the TRON ecosystem.

There is a risk of fraud and scams in the world of memecoins. Investors should be careful and conduct in-depth research. Regulatory changes could affect the memecoin market, including SunPump.

Conclusion

SunPump is present as a new innovation in the world of memecoins, offering ease of creation and trading with a bonding curve mechanism that promises sustainable liquidity.

Advantages such as the strategic partnership with Poloniex and the success story of the $SUNDOG token further strengthen the platform's appeal.

However, it is important to remember that memecoins carry high risks and are susceptible to price manipulation. Always do in-depth research before investing in such platforms.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Crypto on Bittime.

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