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CATEGORY: sunpump


Sundoge Reigns Supreme on SunPump: Dominates with 51% of All Transactions

Author: Arslan Tabish
Estonia
Sep 05, 2024 02:30

Sundoge Reigns Supreme on SunPump: Dominates with 51% of All Transactions

CryptoQuant, the esteemed analytics provider, has identified the rapid ascent of Sundoge as the star of the SunPump platform. Since August 13th, SunPump has become a hub for the launching of new meme coins due to its simple design. However, the number of coins has been increasing, and only a few have managed to attract […]

Justin Sun implements 100% onchain buyback for SunPump

Author: Cointelegraph by Josh O'Sullivan
United States
Sep 04, 2024 12:00

Justin Sun implements 100% onchain buyback for SunPump

Justin Suns SunPump community abandons LP token burning in favor of a more transparent onchain buyback and burn process.

Aug 24, 2024 05:50

Tron-Based SUN Token Skyrockets 197% As SunPumps Momentum Continues

The memecoin frenzy has reached the Tron Network after the launch of Pump.funs rival, SunPum. The new memecoin deployer has been making the headlines after surpassing its Solana-based counterpart on key metrics this week. The platforms remarkable performance in the past two weeks has propelled the network, TRX, and the SUN ecosystem. As a result, [...]

The post Tron-Based SUN Token Skyrockets 197% As SunPumps Momentum Continues appeared first on Crypto Breaking News.

Tron Network Posts $577M Q3 Revenue, Outpaces Major Blockchains

Author: Kashif Saleem
Estonia
Oct 04, 2024 02:30

Tron Network Posts $577M Q3 Revenue, Outpaces Major Blockchains

Th Tron Ntwork hs postd rmrkbl $577.2 million in rvnu for th third qurtr of th yr, stting nw rcord nd surpssing stblishd plyrs lik Bitcoin nd Ethrum in qurtrly incom. This xcptionl prformnc rflcts its strtgic focus on stblcoins nd its tnttiv vntur into th mmcoin sctor, positioning it s growing […]

TRON Market Cap Hits Nearly $14 Billion On Strong Revenue Growth

Author: Christian Encila
United Kingdom
Oct 21, 2024 12:05

TRON Market Cap Hits Nearly $14 Billion On Strong Revenue Growth

TRON, with its native token TRX, has been on a tear in the last few months, with its impressive market cap growth. Based on Messaris tracking for Q3 2024, TRXs market capitalization increased by 24%, from nearly $11 billion to $13.5 billion. This marks the seventh consecutive quarter in which the token has increased its circulating market cap, pushing the company into the Top 10 biggest cryptos by market cap. Related Reading: 100% Uptick For Shiba Inu? Experts Eye Global Reversal As Catalyst TRXs price surge also extended to TRX/BTC pairing, which also notched a 25% increase. The token sits below XRP and Dogecoin in the list of top cryptos by market cap. It is powered primarily by USDT transactions and is launching on SunPump, the first meme fair and online platform. TRON Gets A Boost From SunPump The TRON network saw a massive increase in transaction volume in the third quarter thanks to the launching of SunPump. According to reports, TRX transactions increased 29% this third quarter to $151 million. In August alone, over 270 million TRX valued at $42 million was burned on SunPump. Its considered the largest single-day burn for TRON. As a deflationary token, TRX is burned every time its used in a transaction to prop up its value. TRON Supply Dips In Q3 TRON sets a fixed supply of 100 billion coins to protect its value and prevent inflation. TRXs market supply dipped from 87.20 billion in the third quarter to 86.62 billion. The networks burning schedule, which outpaces the minting of new tokens, supports this. In short, TRXs annualized inflation rate hit -2.7% compared to -2.4% from the previous quarter. TRON strives to find a balance between burning and printing new tokens. The network aims to decrease the tokens circulating supply, which can benefit holders and investors. Also, the yield in staking TRX has increased 13% quarter-on-quarter, which attracts more users and investors. Related Reading: Analysts On Bitcoin: 2024 US Election Could Steer The Cryptos Future Big Things Ahead For TRON TRON is now one of the biggest cryptos by market cap, now valued at $13.5 billion. Holders and users can expect sustained growth for the network, thanks to increasing revenue, partly driven by the launching of a new meme coin fair and platform. Also, the networks token-burning policy currently outpaces minting, thus boosting the potential value of the token. Finally, stats from Dune suggest that over 90,000 meme coins have been launched through TRONs network using SunPump. August 20th was the most active day, with over 7,500 coins released, highlighting the meme coins platform role in sustaining TRON. Featured image from IQ.wiki, chart from TradingView

Jan 04, 2025 12:05

Solana-Based Pump.Fun Records $15 Million Daily Revenue As Memecoin Mania Continues

Popular Solana-based Launchpad Pump.fun started 2025 with a record-breaking $15 million daily revenue amid the ongoing frenzy surrounding memecoins. The sector continues to be the best-performing narrative of the cycle, driving millions into the hands of investors. Related Reading: Altcoins To Explode In Early 2025: Analyst Says Grand Finale Is Around The Corner Pump.Fun Sees Record-Breaking Daily Revenue Memecoins have been this cycles largest narrative, with Solana-based tokens stealing the spotlight throughout 2024. This trend is seemingly set to continue this year after Solanas launchpad Pump.fun saw a record-breaking performance on January 1st, 2025. Last year, Pump.fun cemented itself as the most popular token launcher for simplifying the creation of memecoins and facilitating token deployment. During Q3 2024, the launchpad surpassed Ethereum and most Solana protocols, doubling the fees and revenue of these projects. The remarkable success of Pump.fun saw the creation of several competitors, including the Tron-based SunPump and multi-chain platform GraFun. Despite being banned in the UK in December, the launchpads performance remained steady, recording a daily revenue between $2 million and $3 million throughout the month. As of this writing, the platform has deployed 5.39 million tokens since its launch and generated over 2.02 million SOL in revenue, worth $418.7 million at current prices. Moreover, the Solana launchpad started 2025 with a new record-breaking day, surpassing its previous milestone. According to Dune Analytics data, Pump.fun registered 72,506 SOL, around $15 million, in daily revenue this Wednesday. This performance represents a nearly 30% increase from the 55,000 SOL recorded in late November. Additionally, the launchpad continued to dominate Solana decentralized exchange (DEX) transactions last month. Dune data shows that Pump.fun-related transactions accounted for 52.8% of all SOL DEX transactions in December. Memecoin Mania Continues Despite Criticism The platforms success has also brought heavy criticism. At the end of 2024, Pump.fun received criticism after several users broadcasted harmful and violent content using its Livestream feature. In late November, users created numerous memecoins using controversial prompts to become viral and pump their tokens. The trend started after a 12-year-old livestreamed himself rugging a memecoin. Amid the livestream chaos, the Solana launchpad registered its largest revenue day, recording 55,832 SOL, worth around $11 million, in a single day. However, the incident resulted in backlash from the crypto community and the temporary shutdown of the feature. Moreover, on-chain data analysis firm Lookonchain reported that Pump.fun deposited over 355,608 SOL to Kraken during the last day. This brings the total tokens sent to the exchange to 1,564,064 SOL and the amount sold to 264,373 SOL for 41.64 million USDC. The platforms transfers and sell-offs have also received significant backlash, with community members driving comparisons between the Solana-based launchpad and the Ethereum Foundation. Related Reading: Bitcoin Retests $95,000 Amid 4.2% Surge, Is A New Year Rebound Coming? Nonetheless, the memecoin narrative continues to dominate the crypto market, with the Solana Meme category on CoinGecko recording a 12.5% increase to a market capitalization of $20.9 billion in the last 24 hours, suggesting that the trend is likely to extend. Newer players like ai16z (AI16Z) and Fartcoin (FARTCOIN) saw an 8.9% and 43.7% daily surge to hit new all-time highs (ATHs) on January 2nd. Ultimately, these relatively new tokens have stolen the sectors spotlight, making it to the top 10 memecoin list in record time. Featured Image from Unsplash.com, Chart from TradingView.com

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