• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: Are Tron Memecoins the Next 100x Opportunity?
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Crypto News > Are Tron Memecoins the Next 100x Opportunity?
Crypto News

Are Tron Memecoins the Next 100x Opportunity?

vitalclick
Last updated: August 21, 2024 1:08 pm
5 months ago
Share
SHARE

Contents
SunPump’s Impressive LaunchSundog’s Surge: From $2M to $237MDoubt Over Memecoin SuccessTRX Price Sees a Boost

Tron network has recently made headlines with the launch of its innovative SunPump platform for memecoins on August 9. SunPump is the first meme fair launch platform on Tron, and its impact has been immediate and significant. But what does this mean for investors? Could Tron memecoins be on the verge of a 100x surge?

SunPump’s Impressive Launch

SunPump, a new memecoin deployer on the Tron blockchain, has achieved impressive financial success in just 11 days since its launch. It has rapidly gained traction, having already introduced over 20,000 memecoins. 

This surge in activity is reflected in the revenue generated, which has reached 7,913,912 TRX, or about $1.14 million. The platform’s success in driving these launches underscores its pivotal role in the memecoin market.

In terms of revenue generation, the Tron chain has recently outperformed its competitors. SunPump alone has surpassed Pumpfun in transaction volume over the last 24 hours, positioning Tron as the top chain for revenue generation during this period.

Sundog’s Surge: From $2M to $237M

Sundog (SUNDOG), a meme coin on the Tron blockchain, has amazed the crypto world with its rapid growth. Its market cap jumped from $2 million a few days ago to $237 million today.

The coin gained a lot of attention after Justin Sun announced the launch of SunPump. Since then, SunPump has taken a significant share of the market from pump.fun, a similar token generator on Solana. With this momentum, SUNDOG could be on its way to becoming the first billion-dollar meme coin on Tron.

Doubt Over Memecoin Success

Even with recent success, meme coins are often doubted for their long-term worth. Critics say many are prone to speculative trading and lack real usefulness. Data from pump.fun, a memecoin platform on Solana, shows that most tokens there haven’t gained much value, with less than 1.5% reaching the $63,000 needed for the bonding curve.

TRX Price Sees a Boost

The launch of SunPump has boosted the Tron blockchain’s revenue and liquidity. This improvement is partly due to Justin Sun’s Meme Ecosystem Boost Incentive Program, which has invested $10 million to help memecoin projects. Additionally, Tether minted 1 billion USDT tokens on Tron on August 20, further increasing the blockchain’s liquidity.

Meanwhile, the TRON network has recently surged into the top 10 cryptocurrencies by market value, now worth $14.34 billion. Its trading price has also risen to around $0.16, showing an 11% increase in the last 24 hours and a 26.1% jump over the past week.

You Might Also Like

Crypto News Today (September 15, 2024)

US Judge Grants Government Extension to Recover FTX Executives’ Donations

84% of DOGE Holders Remain Profitable Amid Market Decline

Expert Says Bitcoin is Currently ‘Overhyped’: Can BTC Slip Below $70k Soon?

When Will the Altcoin Season Start? Key Indicators & Best Altcoin Picks

TAGGED:CryptoNews
Share This Article
Facebook Twitter Email Print
Previous Article They Bought $82.8 Million Worth of BTC in 3 Days! Who Will Stop This Company?
Next Article Cardano Loses 10th Place, ADA Price To Make A 15% Jump?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?