In a new development within the TRON blockchain ecosystem, TRON founder Justin Sun has launched meme coin platform SunPump. Sun officially unveiled the platform via his decentralized finance (DeFi) platform Sun.io, positioning TRON as a major player in meme coin creation.
SunPump is seen as a direct competitor to Solana’s Pump.fun and promises to increase competition in the meme coin market.
Growing interest in meme coins
The launch of SunPump comes at a time when meme coins such as SHIBA, PEPE, WIF and FLOKI are gaining immense traction in the crypto market, with these tokens having broken through the $1 billion market cap barrier. The growing interest in meme coins highlights the importance of platforms such as SunPump, which facilitate the process of creating and trading these tokens.
Shortly after the announcement of SunPump, the value of Sun Token (SUN) increased significantly, by more than 20% in a short period of time. At the time of writing, SUN is trading at $0.01036, indicating that the market is reacting positively to the new launch.
Despite the excitement surrounding meme coins, platforms that make it easy to create them have often been criticized for the risk of fraudulent activity. However, Justin Sun has stressed that SunPump has implemented strict review processes and community audit mechanisms to ensure that only trustworthy projects are listed on the platform.
Collaboration with Poloniex a major difference between SunPump and Pump.fun
Sun also pointed out the differences between SunPump and Solana’s Pump.fun, citing the partnership with the Poloniex cryptocurrency exchange as a key differentiator. Projects that maintain a daily trading volume of $1 million for 3 consecutive days are eligible to be listed on the platform, adding to the trustworthiness of the tokens offered on SunPump.
The launch of SunPump has attracted a lot of attention within the TRON network over the past week, resulting in an increase in TRON’s yields compared to Ethereum. This points to the growing popularity of the TRON platform and its potential advantages over its competitors.
With the introduction of SunPump, TRON is poised to play a pivotal role in the evolution of the meme coin landscape. By combining strong security measures and strategic partnerships, SunPump aims to become a reliable and dynamic platform in the rapidly changing crypto ecosystem.
Source: https://newsbit.nl/tron-blockchain-introduceert-een-nieuw-meme-muntplatform-sunpump/
