🚀 “Tron is the Kingdom of Memes”
posted 22 Aug 2024
This is exactly how Justin Sun now responds to the question, “What is TRON?”
This label stems from the remarkable success of the SunPump platform, which has seen its TVL exceed $1 million on the TRON blockchain.
SunPump, functioning similarly to PumpFun, allows users to create and launch meme tokens with minimal liquidity. Since August 10, traders have locked up $1.25 million on SunPump.
The platform's primary asset is TRX (TRON's native cryptocurrency), which is used for transactions, adding liquidity, and covering fees for creating new tokens. In August, TRX surged by 30%, reaching a three-year high of $0.16.
Moreover, the SUN coin from the decentralized exchange SunSwap has seen a 100% increase within a week. This exchange serves as the debut platform for new meme tokens created on SunPump.
TRON founder Justin Sun recently declared a new era for meme coins on his platform. He predicts that the network will soon host the first meme token with a market cap exceeding $1 billion.
According to CoinGecko, as of today, the largest project launched on SunPump boasts a capitalization of $290 million.
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