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Sun Pump, a new memecoin deployer on the Tron network, has just flipped its Solana-based predecessor, Pump.fun, in daily activity and revenue.
In an Aug. 21 X post, blockchain researcher Adam noted that revenue and the number of new tokens created on Sun Pump had closed the day higher than the comparable metrics on Pump.fun.
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 <img alt="Sun rises: Tron’s new memecoin deployer flips Pump.fun" name="" src="https://s3.cointelegraph.com/uploads/2024-08/Screenshot%202024-08-22%20at%202.19.56%E2%80%AFPM">
 <figcaption style="text-align: center;">
 Source: <a data-ct-non-breakable="null" href="https://x.com/Adam_Tehc/status/1826427947781161101" rel="nofollow noopener" target="_blank" text="null">Adam</a>
 </figcaption>
</figure>
Citing Dune Analytics <a data-ct-non-breakable="null" href="https://dune.com/hashed_official/sunpumpmeme%5C" rel="null" target="null" text="null">data</a>, Adam showed that 7,351 tokens had been launched on Sun Pump, and the platform had generated $585,000 in revenue in the previous 24 hours.&nbsp;
Meanwhile, Pump.fun <a data-ct-non-breakable="null" href="https://dune.com/adam_tehc/pumpfun" rel="null" target="null" text="null">saw</a> only 6,701 new tokens created, generating $366,000 in revenue within the same timeframe.&nbsp;
The recent surge in new activity comes just 12 days after the <a data-ct-non-breakable="null" href="https://cointelegraph.com/press-releases/sunpump-beta-launches-on-tron-driving-innovation-in-meme-coin-development" rel="null" target="null" text="null">launch of the Sun Pump platform</a> on Aug. 9. The protocol has already generated over $1.5 million in revenue and seen more than 25,000 new memecoins launched since its inception.
<figure>
 <img alt="Sun rises: Tron’s new memecoin deployer flips Pump.fun" name="" src="https://s3.cointelegraph.com/uploads/2024-08/Screenshot%202024-08-22%20at%203.23.14%E2%80%AFPM">
 <figcaption style="text-align: center;">
 Front page of the Sun Pump memecoin deployer. Source: Sun Pump
 </figcaption>
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Several memecoins launched on Sun Pump have rallied to outsized valuations, with one trader briefly turning $1,000 <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trader-997-into-750k-trading-memecoin-named-after-wukong-game" rel="" target="_self" text="null">into as much as $750,000</a> on a token called SunWukong (SUNWUKONG). Other memecoins such as SunDog (SUNDOG) have rallied to valuations as high as $270 million. 
The popularity of the memecoin deployer has been a boon for the Tron network, with Tron generating a record $3.48 million in revenue over the last 24 hours, an identical figure to the $3.48 million revenue it notched the day before, <a data-ct-non-breakable="null" href="https://defillama.com/chain/Tron?volume=false&amp;revenue=true" rel="nofollow noopener" target="_blank" text="null">according</a> to DefiLlama data.
<figure>
 <img alt="Sun rises: Tron’s new memecoin deployer flips Pump.fun" name="" src="https://s3.cointelegraph.com/uploads/2024-08/Screenshot%202024-08-22%20at%202.38.30%E2%80%AFPM">
 <figcaption style="text-align: center;">
 Tron has seen two record days of revenue in the last 48 hours. Source: DefiLlama
 </figcaption>
</figure>
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trader-997-into-750k-trading-memecoin-named-after-wukong-game" rel="null" target="null" text="null">Trader turns $1K into $750K trading Tron memecoin SunWukong</a>
Alongside the new memecoin deployer, liquidity has flowed into the Tron ecosystem, mainly aided by a $10 million boost from Tron founder Justin Sun’s Meme Ecosystem Boost Incentive Program.&nbsp;
Stablecoin issuer Tether also <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/tether-mints-1-billion-usdt-tron-33-billion-year" rel="null" target="null" text="null">minted an additional 1 billion</a> of its Tether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/tether-price-index" rel="" target="_self" text="null">USDT</a>) tokens on the Tron blockchain on Aug. 20.
While many <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/meme-coins-play-important-role-in-crypto" rel="null" target="null" text="null">critics have lashed memecoins</a> for being “destructive” to the crypto industry, Sun has maintained a bullish stance on the speculative assets, saying that the success of the memecoins “isn’t by chance.”
“When every dev can build a community through a fair launch, gain everyone’s support, and foster enthusiasm and loyalty, the community can share in the success of the cryptocurrency,” Sun wrote In an Aug. 20 X <a data-ct-non-breakable="null" href="https://x.com/justinsuntron/status/1825623048122413434" rel="null" target="null" text="null">post</a>.&nbsp;
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/meme-coins-betrayal-crypto-ideals-or-true-purpose/" rel="null" target="null" text="null">Memecoins: Betrayal of crypto’s ideals… or its true purpose?</a>

Sun rises: Tron’s new memecoin deployer flips Pump.fun

Cointelegraph

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