Wed, August 21, 2024, 10:58 AM GMT
In the cryptocurrency market, SunPump, the new Tron-based meme token generator, has made a splash by generating over $1.19 million in revenue in just 11 days. Since its launch, the platform has accumulated a total of approximately 8.2 million TRX, marking a significant milestone for both SunPump and the Tron blockchain.
August 20 was a particularly eventful day for SunPump, with the platform bringing in nearly 2.78 million TRX, which is around $400,000. On that same day, over 6,000 meme tokens were created on the platform.
SunPump’s success has also contributed to a broader influx of liquidity into the Tron blockchain. This momentum has been supported by a $10 million grant from Justin Sun’s meme ecosystem incentive program, further boosting Tron’s position in the market. According to DefiLlama, Tron’s revenue in the past 24 hours surged to $3.84 million, a significant increase from the previous day’s $1.06 million.
In the midst of this frenzy, the Tron-based memecoin SUNDOG has caught the eye of investors. SUNDOG has soared by 35% today alone and an astonishing 373% over the past week, according to CoinMarketCap.
SunPump’s early success is a testament to the growing popularity of meme tokens and the ongoing development of the Tron ecosystem. As more liquidity flows into the platform and new projects emerge, it will be interesting to see how SunPump and its associated tokens continue to perform in the coming weeks.