SunPump, a Tron (TRX)-based meme coin launchpad, is witnessing a remarkable increase in activity, creating over 100 tokens in a single day for the first time in four months.
This surge follows the platform’s recent decision to waive transaction fees for six months, sparking new project developments and fueling the meme coin trend.
SunPump Sees Surge in Meme Coin Activity
Per data from Onchain Lens on X (formerly Twitter), over 220 new meme coins were created on SunPump on March 18.
> “So far, 95,573 tokens have been launched, generating 36,374,191 TRX in fees, worth $5.74 million. The meme frenzy on TRONDAO is heating up,” the post read.
The activity continued to rise the next day, reaching 313 tokens. This increase marks a significant rebound for the Tron-based launchpad, which had previously seen a decline since hitting peak activity in August 2024.
Tokens Created on SunPump. Source: TRONSCAN
Tron founder Justin Sun is actively boosting interest in SunPump by promoting the platform via social media. In his posts, Sun encouraged users to engage in meme coin trading on Tron, underscoring its affordable infrastructure and the new zero-fee model.
Announced today, this initiative removes all transaction fees for trading on SunPump until September 2025. Additionally, the platform will completely cover energy costs with no limits.
This strategy aligns with Sun’s goal to establish Tron as a central player in the meme coin market, directly competing with platforms like Solana’s (SOL) Pump.fun.
> “Every meme will be back on Tron,” he stated.
The move has also propelled the SunPump meme coins upwards, with the total ecosystem market cap increasing 21.3% in just 24 hours to $85.1 million. Trading volume surged 67.4%, indicating increased investor interest.
Top 10 SunPump Coins. Source: CoinGecko
Moreover, most of the top 10 tokens in the ecosystem have shown significant gains recently. SunWukong (SUNWUKONG) and FoFar (FOFAR) led the charge with triple-digit percentage increases.
In addition to SunPump, Tron itself is seeing heightened market activity. LunarCrush reports that its social dominance surged to 1.05%, making Tron a hot topic in the crypto world. Furthermore, the network now boasts the No. 1 AltRank™ on the analytics platform.
Tron (TRX) Price Performance. Source: BeInCrypto
Moreover, enthusiasm for TRX has surged, with its price rising 5.7% in the last day. At the time of writing, the altcoin was trading at $0.24.
Comments (0)