As a seasoned crypto investor with a knack for spotting trends and a penchant for memecoins, I must admit that SunPump’s rapid rise has left me quite impressed. Having witnessed the meteoric rise and fall of numerous platforms, I can safely say that SunPump seems to have what it takes to stay afloat.
In a recent development, Tron’s new invention, SunPump, has outshone its Solana-based competitor Pump.fun in the memecoin market. Introduced by Tron founder Justin Sun only last week, SunPump is now the go-to platform for launching new memecoins, overtaking Pump.fun in terms of token launches and earnings.
Over the past day as a researcher studying this field, I’ve witnessed an impressive milestone: SunPump has managed to launch a staggering 7,352 new tokens! This is truly noteworthy given its relatively recent entry into the market. Interestingly, Pump.fun, another notable player, only saw 5,694 new tokens launched within the same timeframe. The swift surge of SunPump suggests a burgeoning interest among memecoin enthusiasts and traders, underscoring its rising appeal in this dynamic ecosystem.
SunPump’s introduction sparked much anticipation and it hasn’t disappointed. In just a week since its release, SunPump has left a substantial mark, stealing the limelight from Pump.fun, which was previously the leading player in the memecoin market this year.
During its busiest period, the platform Pump.fun facilitated approximately 20,000 token launches each day, raking in more than $2 million in earnings. But ever since the introduction of SunPump, Pump.fun’s performance has significantly decreased.
SunPump’s significant achievement includes Sundog (SUNDOG), Tron’s main meme coin. Since its debut on August 15, Sundog has seen rapid growth, reaching a market value of $190 million.
In comparison to other tokens debuted on Pump.fun, this exceptional showcase has surpassed them all. Sundog’s nearest rival, Michi (MICHI), managed to reach a market capitalization of $61 million. The rapid ascent of Sundog, boosted by a substantial $450,000 investment from a ‘whale’, underscores SunPump’s ability to draw high-profile memecoins.
The recent surge in interest for SunPump and the emergence of new memecoins has significantly impacted the Tron blockchain. In fact, within the last 24 hours, Tron’s active wallet addresses have skyrocketed to a staggering 2.35 million, outnumbering Solana’s 967,000. Furthermore, Tron’s daily transaction fees have reached an all-time high of $3.84 million, marking a substantial increase from the typical range of $1 to $1.5 million.
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2024-08-22 15:48