Justin Sun recently began to publicly enter the memecoin market, and on August 13, he officially promoted the Pump.fun project sunpump on the Tron chain on X. As the meme popularity of the Solana ecosystem continues to rise, the outside world speculates that Justin Sun intends to seize the current meme hotspot and bring traffic into his own Tron ecosystem. Pump.fun, the meme coin issuance platform on Solana, has already earned nearly $97 million in fees thanks to the meme craze, and set a historical record of $5.3 million in fees in a single day on August 13, and launched 20,000 new meme coins in a single day.
This guaranteed profit effect is bound to attract other ecosystems to follow suit, and sunpump is one of them. In order to attract and motivate users to create tokens on the platform, SunPump launched a "Gas Fee" exemption activity, which covers the Gas fees generated by creating tokens, transactions and related businesses, especially for the memecoin-TRX trading pair that adds liquidity on SunSwap after successful creation. Users can enjoy up to 99% of the Gas fee exemption, and the current token creation fee is almost zero.
Justin Sun said in a post that “all 100% of the protocol revenue earned by sunpump will be used to repurchase SUN tokens in a decentralized manner, which will then be completely destroyed, returning value to the protocol.”
The first batch of popular memecoins have begun to appear on Sunpump, the most prominent of which is Sundog.
Sundog was created on August 16. About 10 hours ago, the Sunpump official page showed that $Sundog had increased by more than 13,800 times, and its current market value is 67 million US dollars. According to Dextools data, the total amount of Sundog is 1 billion, the current holders are 1,820 people, and the 24-hour trading volume is 3.4 million US dollars.
The 10,000-fold increase above may be a bit exaggerated, but some early players have indeed made a hundred-fold profit. According to Lookonchain monitoring, trader "TEP7...T1da" spent $5,000 TRX (650 USD) to buy 6.87 million $SUNDOG, and sold 4.57 million at a price of $522,840 TRX (68K USD), earning $517,840 TRX (67.3K USD) in just 7 hours, a return of 104 times!
Some CEXs have already announced the launch of $sundog, such as Justin Sun’s own HTX exchange and Poloniex.
So where is the next sunpump large MC memecoin?
