After the remarkable success of the Tron-based memecoin deployer ‘SunPump,’ TRON CEO Justin Sun on 21st August has introduced a new venture to further expand his influence in the memecoin space. Sun took to X (Twitter) to announce the launch of $SUNNY, his memecoin, with a presale starting immediately.
According to LookonChain data, the SunPump craze has caused the Tron Network’s daily revenue to reach an all-time high of $3.84 million. Also, this comes after SunPump achieved a major milestone, generating over $1.1 million in revenue within just 11 days of its initial release.
SumPump Shows Promising Success
SunPump has also made a substantial contribution to TRON’s overall performance. Because of the platform’s widespread use, TRON’s daily revenue surpassed that of other well-known blockchains, including Ethereum and Solana, to hit an all-time high.
TRON made $3.84 million in revenue every day, while Ethereum made $1.36 million and Solana made $541,000. On August 20, the memecoin deployer achieved its highest earning of around 2.78 million TRX, or $400,000, thanks to the generation of over 6,000 new memecoins.
Due to heavy traffic, SunPump experienced some early technical difficulties, but it soon recovered and was back up and running within an hour. In addition to highlighting SunPump’s success, the spike in activity surrounding the platform also caused a discernible rise in network usage.
As a result, TRON experienced an energy shortfall, which prompted Justin Sun to speak with TRON’s Super Representatives and suggest raising the network’s energy cap. It is anticipated that this modification will reduce transaction fees and energy expenses, which will help all network users.
TRON Works on its Liquidity
Apart from the triumph of the SunPump deployer, Sun also credited the TRON network’s expansion to the platform’s $10 million Meme Ecosystem Boost Incentive Program. This initiative, which aims to improve TRON blockchain liquidity, has been important in keeping SunPump afloat. Tether’s release of an additional 1 billion USDT tokens on TRON further highlights the blockchain’s expanding significance in the larger cryptocurrency scene.
Sceptics have questioned the viability of memecoins in the crypto business, as Solana-based memecoin trading volumes continue to plummet, with the latest challenged statistics indicating that most traders on the Solana memecoin launching platform pump.fun, lose money.
Over 1.7 million tokens have been issued on pump.fun since its inception in January, with fewer than 1.5% ever attaining a total value of more than $63,000.
Sun, however, continues to be optimistic about memecoins, writing on X that he believes the tokens’ growth “isn’t by chance.” He says, “The community can share in the success of the cryptocurrency when every developer can create a community through a fair launch, win everyone over, and nurture enthusiasm and loyalty,” Sun said.