Tron Network Gains Traction After Solana

Following Solana’s success with thousands of meme coins launched since the beginning of the year, Tron is becoming another hotbed for these digital assets. Solana’s ecosystem saw the rise of meme coin creation apps like “pumpfun,” attracting considerable attention from the crypto community.

Justin Sun Recognizes the Meme Coin Trend

The trend is now making its way to the Tron network, with the creation of a meme coin platform called Sun.io, named after Justin Sun, the network’s founder. This platform has its native token, SUN. In a recent statement, Justin Sun revealed that revenues from the protocol would be used to buy SUN tokens, which would then be burned to reduce the total supply.

104x Gains in Just 7 Hours

Although the meme coin frenzy on Tron hasn’t yet reached the fever pitch seen on Solana, interest is steadily growing. One user, in particular, managed to turn a $650 investment into $68,000 within 7 hours, marking a staggering 104x return.

According to data shared by Lookonchain, this user spent 5,000 TRX, worth approximately $650, to buy 6.8 million SUNDOG tokens, a meme coin on the Tron network. Just 7 hours later, they began selling, exchanging 4.5 million SUNDOG tokens for 522,000 TRX. This trade turned their initial 5,000 TRX into 522,000 TRX.

The user still holds 2.2 million SUNDOG tokens, with an unrealized value of around $76,000, highlighting the lucrative potential of meme coins on the Tron network.

The post After Solana, Tron Meme Coins Emerge: 104x Gains in Just 7 Hours appeared first on Coin Engineer.