Memecoin

SUNDOG

<h4><strong>Launched in mid-August, SunPump quickly earned over $1 million in its first nine days.</strong></h4> 
<p>This is notable due to Tron’s low transaction fees, which boost the platform’s appeal. Let’s discover more about Sunpump.</p> 
<h5><strong>SunPump’s Rapid Success Boosts Tron’s Popularity</strong></h5> 
<p>SunPump, which allows users to easily create and trade meme coins, has rapidly gained traction among crypto enthusiasts. In just under two weeks, the <a href="http://sunpump.meme/" target="_blank" rel="noopener">platform</a> has facilitated the creation of over 7,300 tokens in a single day, generating a staggering $585,000 in revenue.</p> 
<p>This level of activity is reminiscent of Solana’s popular <a href="https://www.altcoinbuzz.io/?s=Pump.Fun" target="_blank" rel="noopener">Pump.Fun</a>, 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.</p> 
<p><img decoding="async" class="wp-image-148809 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/vxcfgdgd-300x261.jpg" alt="" width="484" height="421" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/vxcfgdgd-300x261.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/vxcfgdgd.jpg 398w" sizes="(max-width: 484px) 100vw, 484px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/Adam_Tehc/status/1826427947781161101?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1826427947781161101%7Ctwgr%5Ef77bb35482e6d8a6d56ed052e9c4180bcb2d216d%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.coindesk.com%2Fmarkets%2F2024%2F08%2F22%2Fmemecoin-frenzy-reaches-tron-as-justin-sun-backed-sunpump-rakes-in-big-bucks%2F" target="_blank" rel="noopener">X</a></strong></h6> 
<p>The success of SunPump has been mirrored in its impact on the <a href="https://tron.network/" target="_blank" rel="noopener">Tron network</a>. 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.</p> 
<p>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.</p> 
<p><img decoding="async" class="wp-image-148814 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/JVTBEY7UBFHHNOAVO52IFKEPYU-300x139.avif" alt="" width="654" height="303" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/JVTBEY7UBFHHNOAVO52IFKEPYU-300x139.avif 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/JVTBEY7UBFHHNOAVO52IFKEPYU-768x355.avif 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/JVTBEY7UBFHHNOAVO52IFKEPYU-696x322.avif 696w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/JVTBEY7UBFHHNOAVO52IFKEPYU.avif 811w" sizes="(max-width: 654px) 100vw, 654px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://defillama.com/chain/Tron" target="_blank" rel="noopener">DeFillama</a></strong></h6> 
<h5><strong>More About SunPump</strong></h5> 
<p>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.</p> 
<p><img decoding="async" class="wp-image-148810 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/vcxfdggfdgfh-294x300.jpg" alt="" width="497" height="507" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/vcxfdggfdgfh-294x300.jpg 294w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/vcxfdggfdgfh-356x364.jpg 356w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/vcxfdggfdgfh.jpg 394w" sizes="(max-width: 497px) 100vw, 497px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/ArkhamIntel/status/1826009580486447408?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1826009580486447408%7Ctwgr%5Ef77bb35482e6d8a6d56ed052e9c4180bcb2d216d%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.coindesk.com%2Fmarkets%2F2024%2F08%2F22%2Fmemecoin-frenzy-reaches-tron-as-justin-sun-backed-sunpump-rakes-in-big-bucks%2F" target="_blank" rel="noopener">X</a></strong></h6> 
<p>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,</p> 
<p><img decoding="async" class="wp-image-148811 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/vcxfdfgdgtr-300x251.jpg" alt="" width="521" height="436" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/vcxfdfgdgtr-300x251.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/vcxfdfgdgtr.jpg 394w" sizes="(max-width: 521px) 100vw, 521px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/justinsuntron/status/1826574847108866544?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1826574847108866544%7Ctwgr%5Ef77bb35482e6d8a6d56ed052e9c4180bcb2d216d%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.coindesk.com%2Fmarkets%2F2024%2F08%2F22%2Fmemecoin-frenzy-reaches-tron-as-justin-sun-backed-sunpump-rakes-in-big-bucks%2F" target="_blank" rel="noopener">X</a></strong></h6> 
<p>SunPump recently reduced its transaction fees from 1% to a flat fee of 0.76 TRX, worth approximately 1 cent.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone wp-image-123700 size-full" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="Injective" width="1197" height="148"></a></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/sunpump-drives-memecoin-surge-on-tron-hits-1m/">SunPump Drives Memecoin Surge on Tron, Hits $1M</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

SunPump Drives Memecoin Surge on Tron, Hits $1M

Altcoin Buzz

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