With DeFi reclaiming the spotlight, meme coins have shifted to the backseat. However, like always, there are exceptions. Popcat — the largest cat meme that bagged a Binance Futures listing — has risen by more than 33% over the past day.
Alongside, a few newly launched SunPump memes have also been putting up a good show. Justin Sun, the founder of the Tron-based meme coin deployer, recently revealed that he closely looked into the meme developments on Tron, and they have been “outstanding.”
He added,
“After reviewing many coins, I genuinely believe some have the potential to become $1 billion USD meme coins. Every day, several new teams with similar potential emerge, reinforcing my confidence in the meme coin ecosystem.”
Meme coins launched via the deployer have bestowed early investors with significant returns. A particular trader successfully converted $1.69k of SUNDOG into $20 million within a span of six days.
Blockchain analytics platform Arkham Intel pointed out,
“TT4S5 was one of the earliest SUNDOG buyers & purchased 104.33M tokens for $1.69K. They currently hold $19.52M of SUNDOG across 7 addresses, and also sent $1.08M SUNDOG to exchanges - for a total profit of $20.60M.”
The transaction fee on the TRON network is currently hovering around 0.76 TRX. That translates to an average fee of $0.118 per transaction. Sun exclaimed, “Very competitive fee rate! Let's rock and roll!”
Data from a Dune Analytics dashboard brought to light that more than 36,000 tokens have been created so far on SunPump. In retrospect, over 14.4 million TRX has been generated as revenue.
Earlier this week, the number of tokens deployed on SunPump exceeded that of Pump.fun. However, the latter managed to score a lead and overtake the former over the past day [8638 vs. 4485].
Alongside the token creation front, SunPump has a fair deal of catching up to do even on the active address front when compared to its Solana-based peer.
