Tron’s memecoin deployer, SunPump, has quickly eclipsed its Solana-based rival Pump.fun, capturing the spotlight in the memecoin arena. Launched just last week by Tron creator Justin Sun, SunPump has rapidly become the preferred platform for launching new memecoins, surpassing Pump.fun in both token launches and revenue.
In the past 24 hours, SunPump has facilitated the launch of 7,352 new tokens, a remarkable achievement considering its recent inception. This surpasses Pump.fun, which saw 5,694 new tokens launched in the same period. The swift rise of SunPump highlights its growing appeal among memecoin enthusiasts and traders.
SunPump’s debut was met with high expectations and it has delivered impressively. Within a week of its launch, SunPump has made a significant impact, drawing attention away from Pump.fun, which had dominated the memecoin market earlier this year.
At its peak, Pump.fun was responsible for over 20,000 token launches daily, generating over $2 million in revenue. However, since SunPump’s launch, Pump.fun’s figures have dwindled.
A notable success story from SunPump is Sundog (SUNDOG), Tron’s flagship meme coin. Since its launch on August 15, Sundog has experienced an explosive rise, reaching a market cap of $190 million.
This remarkable performance has outstripped other tokens launched on Pump.fun, with Sundog’s closest competitor, Michi (MICHI), achieving a market cap of $61 million. The meteoric rise of Sundog, partly fueled by a significant $450,000 investment from a whale, exemplifies SunPump’s success in attracting high-profile memecoins.
The surge in popularity for SunPump and the resulting influx of new memecoins has had a profound effect on the Tron blockchain. Tron has seen its active wallet addresses soar to 2.35 million over the past 24 hours, surpassing Solana’s 967,000. Additionally, Tron’s daily fees have hit a record $3.84 million, a significant increase from the usual $1 to $1.5 million range.
Also Read: Tron’s SUNDOG Meme Coin Surges 100x to $0.20
