Tron Launches Memecoin Sunpump & Dump Scheme

Sunpump, a new memecoin deployer on the Tron Network, recently overthrew its predecessor, Pump, in Solana—enjoyable daily activities and earnings.

SunPump, Tron’s new memecoin deployer, has recently surpassed its competitor, Pump.fun, with 59% more revenue in the last day.

Blockchain expert Adam Tehc reported on August 21 on X that Sunpump’s revenue and the quantity of newly minted tokens had ended the day more significantly than similar measures on Pump.fun.

Tehc demonstrated that 7,351 tokens had been issued on SunPump and that the platform had brought in $585,000 in revenue the previous day, citing data from Dune Analytics.

In contrast, Pump.fun created just 6,701 new tokens and $366,000 in income in the same period.

Just twelve days have passed since the SunPump platform’s August 9 launch, when there has been a sudden spike in activity. Since its establishment, the system has brought in over $1.5 million in income and introduced over 25,000 new memecoins.

Several memecoins introduced on SunPump have surged to astronomical valuations; one trader could momentarily change $1,000 into as much as $750,000 on a token known as SunWukong. SunDog and other memecoins have gained significant value, reaching valuations of up to $270 million.

The Tron network has significantly benefited from the memecoin deployer’s popularity. According to DefiLlama data, Tron has made a record $3.48 million in income in the last 24 hours, the same amount as it did the day before.

Liquidity has begun entering the Tron ecosystem alongside the new memecoin deployer, primarily thanks to a $10 million injection from Justin Sun’s Meme Ecosystem Boost Incentive Program.

On August 20, the stablecoin issuer Tether added one billion more Tether (USDT) on the Tron network.

Memecoins have been criticized by many for being “destructive” to the cryptocurrency market, but Sun has remained optimistic about the speculative assets, claiming that their growth “isn’t by chance.”

“The community can share in the success of the cryptocurrency when every developer can build a community through a fair launch, gain everyone’s support, and foster enthusiasm and loyalty,” Sun said in a post to X on August 20.