SunPump, Tron‘s new memecoin deployer, has quickly replaced pump.fun, a Solana-based competitor in daily activity and income generating.
In an Aug. 21 article on X, blockchain researcher Adam Tehc said SunPump has outperformed pump.fun, bringing in $585,000 in income and releasing 7,351 additional tokens in only 24 hours. Dune Analytics data shows that pump.fun saw only 6,701 new tokens generated and $366,000 in income during the same time.
Rising quickly, SunPump has generated over $1.5 million in income and more than 25,000 new memecoins since its Aug. 9 launch. With one trader flipping $1,000,000 on a token named SunWukong, certain memecoins on the site have witnessed amazing profits.
DefiLlama claims that the increase in activity has greatly increase the income of the Tron network, which over the last 24 hours reached a record $3.48 million, matching the performance of previous day.
SunPump’s popularity together with liquidity flows into Tron’s ecosystem—supported by Tron creator Justin Sun’s $10 million Meme Ecosystem Boost Incentive Program—have been very important in this development. On Aug. 20 Tether also coined an additional $1 billion USDT on the Tron blockchain.
Justin Sun has stayed positive despite criticism calling memecoins as “destructive” to the crypto sector, claiming that the success of memecoins is motivated by the excitement and devotion they inspire within their communities. Sun stated in an Aug. 20 X post, “When every dev can build a community through a fair launch… the community can share in the success of the cryptocurrencies.”
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