The memecoin frenzy has reached the Tron Community after the birth of Pump.fun’s rival, SunPump. The unique memecoin deployer has been making the headlines after surpassing its Solana-based counterpart on key metrics this week.
The platform’s outstanding performance within the past two weeks has propelled the network, TRX, and the SUN ecosystem. As a result, SUN, the native token of the DeFi protocol within the support of SunPump, has surged over 190% within the final seven days.
SunPump Takes The Market By Storm
Almost two weeks within the past, DeFi protocol SUN.io presented SunPump, a Tron-based memecoin launcher to rival Solana’s Pump.fun. The challenge, which has been carefully promoted by Tron’s founder Justin Sun, grew to become the first memecoin deployer within the blockchain.
Presented as a “helpful and cost-efficient token issuance reply,” the deployer has obtained critical reputation within the past week. The crypto community became first skeptical regarding the challenge, claiming it in all probability marked “the tip of the memecoin abilities.”
On the opposite hand, its most modern performance has introduced unique life to the Tron network, vastly boosting exercise. Dune Analytics data reveals that SunPump has deployed over 33,330 memecoins since its advent, producing over 13.1 million TRX, price around $2 million, in earnings.
On Wednesday, the platform reached an all-time excessive (ATH) on key metrics, surpassing its Solana counterpart in issued tokens and day by day costs. SunPump made $585,000 in earnings on that day from setting up 7,531 tokens, whereas Pump.fun launched 6,701 and generated $366,000 in costs.
Tron-Essentially based Tokens Ogle Huge Surge
Some consumers maintain capitalized on the unique memecoin frenzy with one of the hottest tokens launched within the blockchain. A week within the past, two animal-themed tokens saw will enhance of over 50,000% and 25,000% after launching.
At the time, SUNDOG reached a market capitalization of $60 million, which granted it to be listed on crypto exchanges Poloniex and HTX. Since then, the dog-themed token has reached a market cap of $322 million, on the second at $190 million.
As of this writing, SUNDOG is trading at $0.1918, a 260% mark enlarge within the final seven days. Equally, SUN, the native token of SUN.io, is one of the many largest winners of the week, with a 197% surge propelled by the network’s momentum.
SUN became within the origin launched in 2021 and reached an ATH of $66 earlier than crashing due to originate hyperinflation. Since then, the token has been redenominated as a multifunctional governance token on the SUN platform.
Final week, SunPump revealed that 100% of the protocol’s earnings would be used to aquire support and burn SUN tokens to “reinforce the sustainable say of the SUN ecosystem.”
Furthermore, Binance Futures presented on Thursday the birth of the SUNUSDT Perpetual Contract with as much as 75x leverage. This week, the bullish push has made SUN’s mark get away of a multi-year consolidation vary.
After provocative sideways all the map by map of the $0.003-$0.01 mark vary for the past four years, SUN broke above the $0.15 resistance level on Tuesday. Since then, the token has persevered its bullish rally with a 30.4% enlarge within the final 24 hours. As of this writing, SUN is trading at $0.031 with a market capitalization of $301 million.
