Launched in mid-August, SunPump quickly earned over $1 million in its first nine days.
This is notable due to Tron’s low transaction fees, which boost the platform’s appeal. Let’s discover more about Sunpump.
SunPump’s Rapid Success Boosts Tron’s Popularity
SunPump, which allows users to easily create and trade meme coins, has rapidly gained traction among crypto enthusiasts. In just under two weeks, the platform has facilitated the creation of over 7,300 tokens in a single day, generating a staggering $585,000 in revenue.
This level of activity is reminiscent of Solana’s popular Pump.Fun, a similar meme coin generator that also enables users to create tokens for a modest fee and list them on decentralized exchanges once they reach a market value threshold.
Source: X
The success of SunPump has been mirrored in its impact on the Tron network. The platform’s popularity has driven Tron’s revenue to a record-breaking $3.48 million over just two days, a significant increase from previous highs.
This surge in revenue is the largest single-day total for Tron since its launch in May 2018. The spike in activity has also positively influenced the price of TRX and related assets, further cementing the network’s growing prominence.
Source: DeFillama
More About SunPump
The meme coin phenomenon on SunPump has led to remarkable profits for early investors. For instance, one trader turned an initial $1,000 investment in the meme coin SUNWUKONG into $400,000. Another trader transformed $1,690 of SUNDOG into over $20 million within just six days, showcasing the high-risk, high-reward nature of meme coin trading.
Source: X
Justin Sun has been vocal about the potential of SunPump and the broader meme coin market. In recent posts, he has emphasized that the platform is just getting started and hinted at the vast potential market size, given the substantial liquidity in the space. To encourage further usage,
Source: X
SunPump recently reduced its transaction fees from 1% to a flat fee of 0.76 TRX, worth approximately 1 cent.
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