Justin Sun, the founder of Tron, has sparked excitement by announcing support for meme coin creators on the Tron blockchain.
He posted on X that “the first rule of making memes on Tron” is that he will not take any profits from meme coins on the network and has even promised to personally cover user losses.
Sun also revealed that any profit made from meme coins on Tron will go to charity and not be utilized personally. His project has also generated interest because meme coins have been instrumental in driving blockchains such as Solana, with tokens such as BONK and dogwifhat moving SOL to its all-time high of $294.33.
Tron has already gained from the acceptance of meme coins, in part thanks to Sun’s promotional efforts. As a leading voice in the crypto world, his market views have tremendous influence.
At the same time, according to current U.S. SEC regulations, meme coins fall under the category of assets and not securities. That makes them non-investment contracts, meaning that developers can issue tokens without having to register them.
Also Read: Tron Founder Justin Sun Staked 60k ETH ($114M) on Lido: What’s Cooking?
