Justin Sun is the founder of the Tron blockchain, which is now also embracing the memecoin trend with the launch of SunPump. SunPump is a platform designed to launch tokens on the network.
According to a Dune Analytics dashboard developed by Hashed Official, over 5,596 memecoins have already been launched on Tron via SunPump.
Tron Gains Momentum with Memecoins?
It hasn’t generated much capital yet. According to the data, it’s just over two million Tron (TRX), which is equivalent to a capital of 257,779 dollars. In that respect, there’s no talk of the billions of dollars in capital that Justin Sun himself expects.
“Tron’s biggest strength is TRON USDT which has $60 billion in it. No other blockchain has a liquidity pool of that size. Memecoins thrive on liquidity and Tron has a lot of that,” Justin Sun said about the launch of SunPump.
It seems like Tron is a little “late to the party”, but maybe there will be a second big run for memecoins this year. You can also imagine that people are starting to get a little confused when it comes to memecoins.
First we had to be on Ethereum, then Solana was hot and now Tron is supposed to take over again? People will probably be done with it at some point. But we’ll see, because the data doesn’t lie. If billions of dollars suddenly flow into Tron memecoins, we’ll see that soon enough.
Cheap network
One advantage of Tron over other blockchains is that it is a cheap network. For that reason, the network currently manages almost 60 billion dollars worth of stablecoins. They have not jumped to the Tron network for nothing.
On the other hand, one can question the degree of decentralization of these types of networks. The faster a network, the more centralized the infrastructure generally is. That is not the most desirable situation for the safety of capital in the long run.
The same goes for Solana versus Ethereum. Solana is a lot faster, but you always have to ask yourself why exactly that is. In principle it is all software and Ethereum could copy the infrastructure of Solana, but of course there is a conscious choice not to do that.
Trade €10,000 for free and get €10 bonus
Want to enter the crypto world and maybe buy Tron or another crypto? Now is your chance! Thanks to a special deal between Newsbit and Bitvavo, our readers get an exclusive offer.
Create an account at Bitvavo using the button below and receive a welcome gift of 10 euros completely free. And that’s not all – you will also pay no trading fees on your first 10,000 euros in transactions for 7 days after registering your account.* Sign up now!
*Please note that terms and conditions apply to this promotion.
Source: https://newsbit.nl/justin-sun-voorspelt-eerste-miljarden-memecoin-voor-tron/
