TL;DR
- SunPump surpasses PumpFun in daily revenue, generating $548,000 to its rival’s $367,000.
- Justin Sun, founder of Tron, has been actively promoting SunPump on social media.
- Tron’s TRX token has fallen 4.25% over the past 24 hours, but is up 15.56% over the past week.
SunPump, a memecoin generator based on the Tron blockchain, has achieved a significant milestone by surpassing PumpFun, its main competitor on the Solana network, in terms of daily revenue.
In just one week since its launch, SunPump has managed to generate $548,000 in 24 hours, surpassing PumpFun, which reached $367,195 in the same period.
SunPump’s rapid rise in the memecoin market has been largely driven by the active promotion of Tron founder Justin Sun, who has used his social media presence to spread the word about the platform.
SunPump‘s success is reflected not only in its revenue, but also in the number of tokens created.
On Wednesday, 7,531 tokens were released via SunPump, surpassing the 6,941 tokens generated by PumpFun.
This growth in token creation suggests that users are rapidly adopting the platform, attracted by the possibility of creating their own memecoins and participating in a market that, while volatile, can offer lucrative opportunities.
An example of the volatility characteristic of memecoins is Sundog, one of the tokens generated by SunPump.
Sundog saw a 25% increase in price before retreating 12.6% over the past 24 hours to $0.21.
Despite this drop, Sundog achieved a market cap of $216 million, having briefly hit $250 million according to Dune.
This fluctuation in value reflects the speculative nature of memecoins and the attraction they have on investors seeking high returns in a short period of time.
SunPump impact on the memecoin market
Justin Sun’s strategy for promoting SunPump has been clear and effective. Since the platform’s launch, Sun has consistently posted on X, formerly Twitter, about SunPump news and improvements, even adding a link to the memecoin generator on his profile.
Recently, it was announced that a new version of SunPump will be released soon, with stability improvements and resolution of technical issues reported by users.
On the other hand, the performance of Tron’s TRX token has shown a mixed trend in the market. Although TRX suffered a 4.25% drop in the past 24 hours, its value has risen by 15.56% over the past week, indicating a renewed interest in the Tron ecosystem.
This recovery in TRX value could be related to the growing popularity of SunPump, which is generating increased traffic and activity on the Tron blockchain.
Meanwhile, PumpFun, which has been operational since January and has facilitated the creation of over 1.8 million tokens, appears to be losing ground to SunPump. However, the competition between these two platforms could intensify, especially if PumpFun introduces new features or improvements that attract users back to its platform.
For now, SunPump seems to have captured the market’s attention, establishing itself as a key player in the world of memecoins.
