Boost

Solana

Impact

Coin

<p>The post <a href="https://coinpedia.org/news/sunpump-launch-trons-new-meme-coin-platform-set-to-boost-trx-ecosystem/" rel="noopener noreferrer nofollow">SunPump Launch: Tron’s New Meme Coin Platform Set to Boost TRX Ecosystem</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Following the unmatched success of the Solana (SOL) ecosystem catalyzed by its meme coin sector, Justin Sun’s Tron (TRX) has increased its focus on the same industry. According to an X post from Sun earlier today, the Tron network will welcome a new meme coin season through the SunPump.&nbsp;</p>
<p>The SunPump is a meme fair launch platform on the Tron network, which leverages the SUN.io DEX. Currently, in the beta phase, the SunPump platform will offer users up to 99 percent off on gas fees.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The sun <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f31e.png" alt="🌞" class="wp-smiley" style="height: 1em; max-height: 1em;"> shines in the season of memes. <a href="https://t.co/lTsvWeBo76" rel="noopener noreferrer nofollow">https://t.co/lTsvWeBo76</a></p>— H.E. Justin Sun 孙宇晨 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1823246359950143791?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 13, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="h-how-to-use-sunpump-on-tron-network-nbsp">How to Use SunPump on Tron Network&nbsp;</h2>
<p>The SunPump platform has set several rules to ensure maximum protection of investors from predatory trading practices. For instance, the platform does not allow pre-sale and team allocation of any meme coin launched.</p>
<p>Worth noting that SunPump will accelerate the TRX burn rate by enforcing the meme coin projects that have achieved a market cap of $69420 to burn $12k worth of TRX via SunSwap.</p>
<h2 class="wp-block-heading" id="h-impact-on-trx-nbsp">Impact on TRX&nbsp;</h2>
<p>The launch of the SunPump platform will dramatically increase the on-chain activity on the Tron network. Already, the Tron network has been leading other top-tier layer one chains in on-chain activity, fueled by its huge stablecoins market.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">USDT on <a href="https://twitter.com/trondao?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@trondao</a> = 1/3 of <a href="https://twitter.com/Visa?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Visa</a>'s annual settlement volume.<br><br>In Q2 '20, USDT on TRON had a settlement volume of $25.2 billion.<br><br>In Q2 '24, that same figure was $1.25 trillion.<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f92f.png" alt="🤯" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/adicMrxvjg" rel="noopener noreferrer nofollow">pic.twitter.com/adicMrxvjg</a></p>— Token Terminal (@tokenterminal) <a href="https://twitter.com/tokenterminal/status/1823074373248417891?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 12, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Ultimately, the Tron network will increase in users, which will significantly improve its liquidity and trading volume.</p>
<p>From a technical standpoint, TRX’s price against the US dollar has closely mirrored that of Bitcoin (BTC) and Ethereum (ETH) in the recent past. Furthermore, TRX price closed last week on a dragonfly Doji candlestick, which signaled the bulls are gradually taking over.&nbsp;</p>
<p>If TRX’s price consistently closes above 13 cents, the large-cap altcoin with a $10 billion valuation, will be eyeing to retest its all-time high (ATH) in the near term.</p>

SunPump Launch: Tron’s New Meme Coin Platform Set to Boost TRX Ecosystem

Table of Contents

CoinPedia News

Other articles published on Aug 13, 2024

SHIB Whale Activity Soars 240%: Is Shiba Inu’s Upcoming Upgrade the Catalyst for Explosive Growth?

Ethereum’s Geth Client Updates to v1.14.18, Focusing on Bug Corrections

Solana StruggleS for ETF Approval Amid SEC Hurdles, Sygnum Bank Analyst Says

Sunny Lu: The Pioneer of Sustainable Blockchain Revolution with VeChain

Victoria VR Launches VRtap: Strategic PvP Play-to-Earn Game on Telegram

Asian Investors Rush: Poodlana’s $6.1m Viral Presale Closes in 3 Days

Join our free newsletter for daily crypto updates!