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Cryptocurrency News Articles
Blockchain TRON Has Become the Center of Attention with More Than 1,000 New Meme Coins Being Launched Daily
Aug 20, 2024 at 02:08 am
This phenomenon not only marks a significant spike in the popularity of meme coins, but also shows a tremendous increase in activity in the sector known
Blockchain TRON has become the center of attention with more than 1,000 new meme coins being launched daily. This follows the recent launch of SunPump, a protocol that allows users to create their own meme coins in minutes.
According to Crypto Potato, on August 13, Sun.io, a platform linked to TRON founder Justin Sun, announced the launch of SunPump.
SunPump is a protocol that allows users to create their own meme coins on the TRON blockchain. The protocol is designed to be user-friendly and does not require any advanced development knowledge. Users can simply choose a name, symbol, and total supply for their meme coin, and SunPump will handle the rest.
The protocol has quickly become popular, with data showing that more than 1,000 new meme coins are being created every day. This has led to a huge spike in revenue, reflecting the incredible enthusiasm among the crypto community.
Justin Sun is known for his ability to capitalize on emerging trends within the crypto industry. Given TRON’s strength in providing vast liquidity, which is crucial for meme coin platforms, it comes as no surprise that SunPump has gained significant traction.
Sun has also frequently highlighted TRON’s advantages over other networks. “For me, when talking about ‘Why TRON, why SunPumpMeme?,’ the biggest advantage is USDDT’s 60 billion US Dollars on TRON. There is no other blockchain protocol that has a liquidity pool of this magnitude. The meme coin platform lives or dies by liquidity, and TRON has it in spades,” he stated.
It is worth noting that USDT circulating on TRON far surpasses other networks. For instance, Solana, which is currently the leading network in meme coin activity, has only around 1.9 billion USDT in circulation, significantly lower than the 60 billion US Dollars circulating on TRON.
This phenomenon showcases how TRON has emerged as a prime destination for those seeking to venture into the volatile realm of meme coins. Backed by massive liquidity and accessible protocols like SunPump, the future of meme coins on TRON appears poised for rapid and continuous growth.
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