The Tron Ecosystem Launches Its Own Meme Token Launchpad, SunPump

The Tron ecosystem is looking to get in on the rampant memecoin action ignited by PumpFun with the launch of its own meme token launchpad, SunPump.

The Tron (TRX) ecosystem is launching a memecoin launchpad called SunPump, enabling users to create their own memecoins with ease.

DeFi platform Sun.io, linked to Tron founder Justin Sun, announced the launch of SunPump on Aug. 13. The platform allows users to create their own memecoins in a few clicks, without needing to code. SunPump claims to be the first memecoin launchpad on Tron.

The launchpad comes amid a surge in memecoin activity, sparked by the success of PumpFun, a memecoin launchpad on BNB Chain. PumpFun has generated a record $5.3 million in daily fees.

SunPump requires a creation fee of about 20 TRX ($2.60 at current prices) and a 1% trading fee, according to its documentation. When a project reaches 100% of the bonding curve (amounting to $69,420), the smart contract will automatically deposit 100,000 TRX and the remaining 200 million tokens into the SunSwap V2 liquidity pool. The contract will also deduct 3,000 TRX from the bonding curve to cover the fee for adding liquidity.

First Memecoins Launch

Several memecoin creators have already begun using the platform.

According to CoinGecko, Sundog (SUNDOG) soared to a market capitalization of $53.4 million within eight hours of launching. Suncat (SUNCAT), another memecoin, reached a market cap of $2.2 million after launching earlier today.

Sun also announced that SunPump has begun increasing its server capacity by tenfold to handle the maximum traffic efficiently.

Moreover, Tron and SunPump are launching a $10 million meme-focused incentive program for tokens launched on the platform.

“Users buy tokens using SunPump’s Bonding Curve mechanism, which offers them a user-friendly purchasing process and easy entry into the meme coin market,” the announcement stated. “SunPump also offers flexible trading options for users to sell their tokens at any time, whether to lock in profits or cut losses.”

A bonding curve is a pricing mechanism that increases the token price with each purchase based on a predefined formula, aiming to ensure continuous liquidity.

Pump.fun also utilizes this model, but it hasn’t been able to prevent sudden rug pulls on the platform. In some cases, bad actors have created tokens, bought a large portion of the supply, and then sold off their holdings once the price is pumped by other users.

The price of TRX, Tron’s native cryptocurrency, has increased by 0.1% over the last 24 hours, last changing hands at $0.13, according to The Defiant’s crypto price feeds.

On Aug. 5, the Tron network processed 8 million daily transactions, marking a new year-to-date high, according to TokenTerminal.