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TRON meme coin launches on SunPump are increasing rapidly

TRON meme coin launches on SunPump are increasing rapidly

CryptopolitanCryptopolitan2024/08/19 16:00
By:By Shummas Humayun

Share link:In this post: Over 1000 meme coins are being created on SunPump every day since its launch. 11,174 tokens have been launched as of 19th August, 2024. The platform has generated a revenue of 3,792,453 TRX from these launches.

Over 1000 meme coins have been created on SunPump every day since its launch. As of 18th August, 4844 tokens were launched on the platform bringing a revenue of 1.84M $TRX. These numbers have doubled a day later on 29th August, suggesting an exponential increase.

Earlier on 13th August, Sun.io announced the launch of SunPump as a direct competitor to Pump.fun. According to data by Lookonchain, SunPump generated a revenue of $246.6k from the first 4,844 tokens launched on the platform.

SunPump revenue from token launches increases to 3,792,453 TRX

Data from Dune shows that the total amount of revenue generated from token launches on the platform is steadily increasing. As of 19th August, this amount stands at a total of 3,792,453 TRX.

TRON meme coin launches on SunPump are increasing rapidly image 0 Souce: Dune

At the same time, the number of tokens being launched is increasing rapidly. A total of 354 tokens were launched on the platform by 13th August. Three days later on 16th August, the number climbed up to 2035.

At press time, only 6 days after SunPump’s launch, 11,174 tokens have been launched. Many of these are derivatives or the TRON version of the existing coins on Ethereum and Solana such as PEPE.

See also Arbitrum (ARB) accepted a proposal on L2 native token staking
TRON meme coin launches on SunPump are increasing rapidly image 1 Source: Tronscan

Data from Tronscan shows that 232,746 new accounts have been created in the past 24 hours, bringing the total number of accounts to 251,863,149. Likewise, the total number of transactions have gone up by approximately 7 million in the same time frame.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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