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The meme coin corner of the crypto market has been growing by leaps and bounds, turning into one of the central pillars of the industry over the past few years. It all started in 2019 when Elon Musk decided — either playfully or completely seriously, no one knows for certain — to promote Dogecoin (DOGE) on a social network (Twitter/X) that would eventually become his property. Five years on, meme coins are all the rage among crypto investors who aren’t shy of risk.
While Ethereum (ETH) and particularly Solana (SOL) have contributed the most to the current meme coin bounty, the TRON (TRX) blockchain has recently joined the race with the launch of SunPump, a meme coin generator designed for the fair launch of tokens via a bonding curve mechanism. Launched in mid-August 2024, SunPump quickly (though temporarily) overtook another trending meme coin generator platform, Solana-based Pump.fun, measured by daily token launches and revenue. SunPump's astounding rise in popularity even contributed to TRON's own success, with the TRX coin's market capitalization jumping sharply — from around $11 billion on the day of SunPump's launch to $14.5 billion just two weeks later.
Key Takeaways:
SunPump is a TRON-based app that facilitates the fair, affordable and user-friendly launches of meme coins.
Within days of its launch on Aug 13, 2024, the platform temporarily overtook another popular meme coin generator, Solana-based Pump.fun, by daily revenue. It remains enormously popular among meme coin issuers and investors.