SunPump’s Meme Coin Frenzy Fuels TRX Surge

SunPump has emerged as a major player in the cryptocurrency world, with over 1,000 meme coins being created daily since its launch. As of 18th August, a staggering 4,844 tokens had been introduced on the platform, generating revenue of 1.84 million $TRX. This impressive figure doubled by 29th August, highlighting an exponential rise in activity and interest.

The platform’s launch on 13th August was announced by Sun.io, positioning SunPump as a direct competitor to Pump.fun. According to data from Lookonchain, the platform generated $246.6k from the first 4,844 tokens. This success was not a one-time event; the revenue from token launches has continued to grow. By 19th August, the total amount stood at an impressive 3,792,453 TRX.

The rapid growth of SunPump is not only reflected in its revenue but also in the sheer number of tokens being launched. On 13th August, 354 tokens were introduced on the platform. Just three days later, this number had soared to 2,035. The platform’s popularity shows no signs of slowing down. In the six days following its launch, 11,174 tokens had been created, many of which are derivatives or TRON versions of existing coins on Ethereum and Solana, such as PEPE.

The surge in token launches has also driven a significant increase in new accounts and transactions on the platform. Data from Tronscan indicates that 232,746 new accounts were created in the past 24 hours alone, bringing the total number of accounts to 251,863,149. Additionally, the total number of transactions has risen by approximately 7 million within the same timeframe.

SunPump’s success is a testament to the growing interest in meme coins and the broader cryptocurrency market. The platform’s ability to generate substantial revenue and attract a large number of users in such a short period has positioned it as a key player in the space. As the number of tokens continues to rise, so does the anticipation of what SunPump will achieve next.

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Maria Irene
Maria Irenehttp://ledgerlife.io/
Maria Irene is a multi-faceted journalist with a focus on various domains including Cryptocurrency, NFTs, Real Estate, Energy, and Macroeconomics. With over a year of experience, she has produced an array of video content, news stories, and in-depth analyses. Her journalistic endeavours also involve a detailed exploration of the Australia-India partnership, pinpointing avenues for mutual collaboration. In addition to her work in journalism, Maria crafts easily digestible financial content for a specialised platform, demystifying complex economic theories for the layperson. She holds a strong belief that journalism should go beyond mere reporting; it should instigate meaningful discussions and effect change by spotlighting vital global issues. Committed to enriching public discourse, Maria aims to keep her audience not just well-informed, but also actively engaged across various platforms, encouraging them to partake in crucial global conversations.

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