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Cryptocurrency News Articles

Justin Sun Drops a Bombshell With the Launch of SunPump, the First Meme Coin Platform of the Tron DAO

Aug 19, 2024 at 11:52 pm

With this move, Sun aims to challenge Solana's meme coin dominance. The move comes on the heels of the recent surge in popularity of Solana-based meme coins

Justin Sun Drops a Bombshell With the Launch of SunPump, the First Meme Coin Platform of the Tron DAO

Tron founder Justin Sun has launched SunPump, a meme coin platform, to challenge Solana's meme coin market dominance. Sun says SunPump meme projects are open to collaborating with CEXs for listing. Sun also says that SunPump reached 10,000 last week and predicts that this number will increase even more.

Justin Sun says meme coin FOMO will be wild!

Tron founder Justin Sun dropped a bombshell with the launch of SunPump, Tron DAO's first meme coin platform. With this move, Sun aims to challenge Solana's meme coin market dominance. The move comes on the heels of the recent surge in popularity of Solana-based meme coins like dogwifhat (WIF), Bonk (BONK) and BOOK OF MEME (BOME). Sun, a renowned ambitious crypto entrepreneur in the crypto world, now sees SunPump as Tron's answer to Solana's stronghold in the meme token space.

In a post on social media platform X, Sun introduced the meme coins in SunPump. He also said that the “big wave” of meme coins will soon “hit” the leading centralized exchanges (CEXs) in the digital asset space and that “FOMO will run wild.” He also added that his best pictures for CEXs are HTX and Polonieux.

Tron inventor is confident in SunPump's progress!

Meanwhile, Sun announced that SunPump reached the 10,000 user milestone last week. He also added that the number will soon hit 20,000 as the platform is still in its early stages. SunPump upgraded its server capacity over the weekend to prepare for the increase in user adoption. It also plans to onboard more users soon.

In another X post, Sun said that if any CEX wants to partner with SunPump, he would be happy to sit down and chat, adding that meme projects on Tron DAO's meme coin platform are “super selective” about where they exchange their native tokens. On the other hand, centralized exchanges are delisting various altcoins due to these tokens not meeting their standards.

Tron and Solana market performance

“Mark”, the meme coin enthusiast at X, pointed out that Solana-based meme coins were pre-rallying. In this context, he stated that the SOL token price was only 50 dollars during this period. However, after the rally of meme coins like WIF, BONK and BOME, SOL reached $202 in March, according to CoinMarketCap data, as you follow from Kriptokoin.com. At the time of writing, SOL was trading at $142.67. TRX is currently trading at $0.1365, a gain of 2.11% in the last 24 hours. TRX has also increased by a remarkable 85.73% since August 2023. Meanwhile, Tron is the 11th largest digital asset by market capitalization.

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Original source:kriptokoin

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