Recent data shared by Satoshi Club highlights significant revenue generated by SunPump, the memecoin deployer on TRON.
Launched on August 9, SunPump has amassed over $1.2 million in revenue, quickly becoming a key player in the memecoin market. With over 6,000 memecoins created in this short period, the platform has seen continued growth, generating approximately 7.6 million TRX in total revenue.
Steady Rise in Revenue and Memecoin Activity
The most notable daily revenue peak occurred on August 20, when the platform exceeded $2.76 million worth of TRX in a single day.
SunPump is a platform on TRON designed for deploying memecoins, allowing users to create and launch tokens with ease. It supports the creation of community-driven crypto projects.
The TRON blockchain has witnessed a surge in liquidity following the launch of SunPump. This increase has been partially driven by a $10 million allocation from the Meme Ecosystem Boost Incentive Program, initiated by TRON’s founder, Justin Sun.
Alongside this, Tether minted an additional 1 billion USDT tokens on the TRON network on August 20, further contributing to the liquidity influx.
Sun’s Bullish View on Memecoins
While revenue continues to grow, TRON’s founder, Justin Sun, remains optimistic about the future of memecoins. According to his recent posts, Sun asserts that the success of memecoins is rooted in community-driven initiatives.
The success of meme tokens isn’t by chance. When every dev can build a community through a fair launch, gain everyone’s support, and foster enthusiasm and loyalty, the community can share in the success of the cryptocurrency. Who would still pay for tokens with absurd valuations…
— H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 19, 2024
He notes that when developers can build a loyal community, the potential for collective growth remains promising. Sun emphasized that memecoins foster fairness, decentralization, and the ability to share in the success of cryptocurrencies without inflated valuations.
Activities on SUNDOG Memecoin
Further adding to the excitement around the Tron blockchain is a report from Arkham Intelligence highlighting a remarkable memecoin trading success story. A trader managed to turn an initial $1,690 investment into $20 million by capitalizing on the rise of the SUNDOG token.
The trader’s actions were well-timed, taking advantage of market conditions to grow their portfolio significantly. The SUNDOG token has surged more than 50% in the last 24 hours, trading at over $0.20 during the report’s release.
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Source: https://thecryptobasic.com/2024/08/21/tron-memecoin-deployer-sunpump-generates-over-1-2-million-in-revenue/?utm_source=rss&utm_medium=rss&utm_campaign=tron-memecoin-deployer-sunpump-generates-over-1-2-million-in-revenue