{"id":637531,"date":"2024-08-23T22:30:35","date_gmt":"2024-08-23T22:30:35","guid":{"rendered":"https:\/\/wncen.com\/?p=637531"},"modified":"2024-08-23T18:54:21","modified_gmt":"2024-08-23T18:54:21","slug":"tron-based-sun-token-skyrockets-197-as-sunpumps-momentum-continues","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/tron-based-sun-token-skyrockets-197-as-sunpumps-momentum-continues\/","title":{"rendered":"Tron-Based SUN Token Skyrockets 197% As SunPump\u2019s Momentum Continues"},"content":{"rendered":"

The memecoin frenzy has reached the Tron Network after the launch of Pump.fun\u2019s rival, SunPum. The new memecoin deployer has been making the headlines after surpassing its Solana-based counterpart on key metrics this week.<\/p>\n

The platform\u2019s remarkable performance in the past two weeks has propelled the network, TRX, and the SUN ecosystem. As a result, SUN, the native token of the DeFi protocol behind SunPump, has surged over 190% in the last seven days.<\/p>\n

Related Reading: Trump-Inspired Memecoins Soar 40% Amid Rumors Of Endorsement By RFK Jr.<\/a><\/div>\n

SunPump Takes The Market By Storm<\/h2>\n

Nearly two weeks ago, DeFi protocol SUN.io introduced SunPump, a Tron-based memecoin launcher to rival Solana\u2019s Pump.fun<\/a>. The project, which has been heavily promoted by Tron\u2019s founder Justin Sun, became the first memecoin deployer in the blockchain.<\/p>\n

Presented as a \u201cconvenient and cost-effective token issuance solution,\u201d the deployer has gained significant popularity in the past week. The crypto community was first skeptical about the project, claiming it likely marked \u201cthe end of the memecoin era.\u201d<\/p>\n

However, its recent performance has brought new life to the Tron network, significantly boosting<\/a> activity. Dune Analytics data shows that SunPump has deployed over 33,330 memecoins since its creation, generating over 13.1 million TRX, worth around $2 million, in revenue.<\/p>\n

On Wednesday, the platform reached<\/a> an all-time high (ATH) on key metrics, surpassing its Solana counterpart in issued tokens and daily fees. SunPump made $585,000 in revenue on that day from creating 7,531 tokens, while Pump.fun launched 6,701 and generated $366,000 in fees.<\/p>\n

\"tron\"
SunPump flips Pump.fun in issued tokens and daily revenue. Source: Adam on X<\/a><\/figcaption><\/figure>\n

Tron-Based Tokens See Massive Surge<\/h2>\n

Some investors have capitalized<\/a> on the new memecoin frenzy with some of the most popular tokens launched in the blockchain. A week ago, two animal-themed tokens saw increases of over 50,000% and 25,000% after launching.<\/p>\n

At the time, SUNDOG reached a market capitalization of $60 million, which granted it to be listed on crypto exchanges Poloniex and HTX. Since then, the dog-themed token has reached a market cap of $322 million, currently at $190 million.<\/p>\n

As of this writing, SUNDOG is trading at $0.1918, a 260% price increase in the last seven days. Similarly, SUN, the native token of SUN.io, is among the largest winners<\/a> of the week, with a 197% surge propelled by the network\u2019s momentum.<\/p>\n

SUN was originally launched in 2021 and reached an ATH of $66 before crashing due to supply hyperinflation. Since then, the token has been redenominated as a multifunctional governance token on the SUN platform.<\/p>\n

Last week, SunPump revealed that 100% of the protocol\u2019s revenue would be used to buy back and burn SUN tokens to \u201csupport the sustainable development of the SUN ecosystem.\u201d<\/p>\n

\n
Related Reading: Investors Buying Bitcoin (BTC) Over Ethereum (ETH): Key Data Reveals<\/a><\/div>\n<\/div>\n

Moreover, Binance Futures announced<\/a> on Thursday the launch of the SUNUSDT Perpetual Contract with up to 75x leverage. This week, the bullish push has made SUN\u2019s price break out of a multi-year consolidation range.<\/p>\n

After moving sideways within the $0.003-$0.01 price range for the past four years, SUN broke above the $0.15 resistance level on Tuesday. Since then, the token has continued its bullish rally with a 30.4% increase in the last 24 hours. As of this writing, SUN is trading at $0.031 with a market capitalization of $301 million.<\/p>\n

\"Tron,
SUN’s performance in the seven-day chart. Source: SUNUSDT on TradingView<\/a><\/figcaption><\/figure>\n
Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The memecoin frenzy has reached the Tron Network after the launch of Pump.fun\u2019s rival, SunPum. The new memecoin deployer has been making the headlines after surpassing its Solana-based counterpart on key metrics this week. The platform\u2019s remarkable performance in the past two weeks has propelled the network, TRX, and the SUN ecosystem. As a result, SUN, the native token of the DeFi protocol behind SunPump, has surged over 190% in the last seven days. Related Reading: Trump-Inspired Memecoins Soar 40% Amid Rumors Of Endorsement By RFK Jr. SunPump Takes The Market By Storm Nearly two weeks ago, DeFi protocol SUN.io introduced SunPump, a Tron-based memecoin launcher to rival Solana\u2019s Pump.fun. The project, which has been heavily promoted by Tron\u2019s founder Justin Sun, became the first memecoin deployer in the blockchain. Presented as a \u201cconvenient and cost-effective token issuance solution,\u201d the deployer has gained significant popularity in the past week. The crypto community was first skeptical about the project, claiming it likely marked \u201cthe end of the memecoin era.\u201d However, its recent performance has brought new life to the Tron network, significantly boosting activity. Dune Analytics data shows that SunPump has deployed over 33,330 memecoins since its creation, generating over 13.1 million TRX, worth around $2 million, in revenue. On Wednesday, the platform reached an all-time high (ATH) on key metrics, surpassing its Solana counterpart in issued tokens and daily fees. SunPump made $585,000 in revenue on that day from creating 7,531 tokens, while Pump.fun launched 6,701 and generated $366,000 in fees. Tron-Based Tokens See Massive Surge Some investors have capitalized on the new memecoin frenzy with some of the most popular tokens launched in the blockchain. A week ago, two animal-themed tokens saw increases of over 50,000% and 25,000% after launching. At the time, SUNDOG reached a market capitalization of $60 million, which granted it to be listed on crypto exchanges Poloniex and HTX. Since then, the dog-themed token has reached a market cap of $322 million, currently at $190 million. As of this writing, SUNDOG is trading at $0.1918, a 260% price increase in the last seven days. Similarly, SUN, the native token of SUN.io, is among the largest winners of the week, with a 197% surge propelled by the network\u2019s momentum. SUN was originally launched in 2021 and reached an ATH of $66 before crashing due to supply hyperinflation. Since then, the token has been redenominated as a multifunctional governance token on the SUN platform. Last week, SunPump revealed that 100% of the protocol\u2019s revenue would be used to buy back and burn SUN tokens to \u201csupport the sustainable development of the SUN ecosystem.\u201d Related Reading: Investors Buying Bitcoin (BTC) Over Ethereum (ETH): Key Data Reveals Moreover, Binance Futures announced on Thursday the launch of the SUNUSDT Perpetual Contract with up to 75x leverage. This week, the bullish push has made SUN\u2019s price break out of a multi-year consolidation range. After moving sideways within the $0.003-$0.01 price range for the past four years, SUN broke above the $0.15 resistance level on Tuesday. Since then, the token has continued its bullish rally with a 30.4% increase in the last 24 hours. As of this writing, SUN is trading at $0.031 with a market capitalization of $301 million. Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":609187,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10923,92954,12098,92951,92949,91907,82824,92953,92955,92948,92952,92950,86445,11993],"class_list":["post-637531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-market","tag-dog-themed-memecoin","tag-justin-sun","tag-memecoin-frenzy","tag-pump-fun","tag-solana-memecoins","tag-sun","tag-sun-ecosystem","tag-sundog","tag-sunpump","tag-sunusdt","tag-tron-memecoins","tag-tron-network","tag-trx"],"acf":[],"yoast_head":"\nTron-Based SUN Token Soars 197% Amid SunPump\u2019s Momentum<\/title>\n<meta name=\"description\" content=\"The Tron Network and the SUN ecosystem have seen a massive boost 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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