Justin Sun stated that the Tron network is ready for a new cycle of growth supported by continuous development and high community engagement. Sun stated that if TRX can rise above its previous peak, attention and investment in meme coins on Tron may increase.
Stepping into the Meme Coin Space with SunPump
Tron, run by Justin Sun, recently entered the meme coin space with the launch of the SunPump platform, developed to create meme tokens on the Tron blockchain. Tron’s native token, TRX, increased by 24% in market value in the third quarter, from approximately $11 billion to $13.5 billion. This marks the seventh consecutive quarter of growth, according to Messari.
TRX, XRP and Dogecoin 
$0.138324After , it entered the top 10 among cryptocurrencies in terms of market value. Transaction volume on the Tron network also increased in the third quarter; TRX transactions increased 29% to $151 million. One of the network’s most notable events was the burning of 270 million TRX, worth approximately $42 million, in a single day on SunPump.
“Tron memecoins are about to experience a second wave of growth. “With constant construction and community development, Tron is progressing steadily.” –Justin Sun
Deflation and TRX
TRON is limiting the supply of TRX to 100 billion tokens in order to prevent inflation. In Q3 2024, circulating supply decreased from 87.20 billion to 86.62 billion due to the aggressive burn program. This increased TRX’s annual deflation rate to -2.7% from -2.4% in the previous quarter. TRX staking returns increased by 13% inter-quarter with the increase in the number of participants.
Justin Sun brought a new perspective to the role of artificial intelligence in the meme coin ecosystem. From the official X account, he introduced the “AI Meme Coin Three Laws of Ethics” by re-adapting Asimov’s Three Laws of Robotics. These laws state that artificial intelligence must not create and sell meme coins in a way that harms human interests, must respect human governance, and ensure the sustainability of its own projects.
While the recent launch of the SunPump platform and TRX burn policies have supported the growth in Tron’s ecosystem, the active participation of the Tron community also plays an important role in these developments. As the market price of TRX continues to rise, Tron’s meme coin strategies and deflation policies become attractive to investors.
While TRON’s cloud reforms and new platform initiatives have made Tron stand out in the memecoin market, the TRX and Tron ecosystem is expected to grow further if community support continues. In particular, TRX’s deflationary nature and the burn mechanisms provided by SunPump appear to have the potential to increase the value of the token.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
