SunPump Memecoin on Tron Network, There Are More than 4000 Coins!

Bittime - Tron Network (TRX) is increasingly demonstrating its dominance in the memecoin market, especially with the arrival of SunPump, a new protocol that allows anyone to create memecoins quickly without requiring development skills. 

In the few days since its launch, SunPump has generated more than 4,844 memecoins, making it one of the main drivers of activity on the Tron network.

What is SunPump on Tron Network?

SunPump is a recent initiative launched on August 13, 2024 by Sun.io, which has ties to Tron founder Justin Sun. 

This protocol is similar to PumpFun, where users can create memecoins in minutes without requiring any technical knowledge. 

With this convenience, more than 1,000 new memecoins are launched every day on the Tron network via SunPump.

Also read: TRX Price Analysis and Rally Potential

Amazing Achievement: 4,844 Memecoins and $1.84 Million TRX

Data from Lookonchain shows that from the launch of SunPump to August 18 2024, there have been 4,844 memecoins launched. 

Of this amount, Tron managed to collect revenue of 1.84 million TRX, which is equivalent to around $246,600. This confirms that SunPump has been one of the main drivers of the growth of memecoin activity on Tron.

Apart from that, SunPump also recorded a significant jump in revenue. On August 17, the protocol managed to generate more than $1.5 million in just one day, showing the growing trend of memecoins on Tron.

Tron Leads the Memecoin Market with Huge Liquidity

Justin Sun, founder of Tron, also highlighted Tron's advantages in terms of liquidity. Currently, Tron has USDT liquidity of $60 billion, much larger than Solana which only has $1.9 billion. 

This large liquidity gives Tron a competitive advantage in the memecoin market, as the memecoin platform is highly dependent on the availability of liquidity.

With strong liquidity support and innovative protocols such as SunPump, Tron has managed to attract huge attention from the crypto community. This makes Tron one of the main players in the memecoin ecosystem.

Conclusion

SunPump has successfully turned the Tron network into a hub of memecoin activity with over 4,844 coins launched in a short period of time. 

With revenues reaching 1.84 million TRX and incredible liquidity, Tron is poised to continue dominating the memecoin market. If you are interested in this trend, utilizing SunPump to create memecoins could be an interesting opportunity.

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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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