Sun.pump Trading MemeCoins is free! Leading token HTX? Is Justin Sun’s meme season coming?

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ABMedia
03-19
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Justin Sun is not satisfied with the BSC meme craze, and recently announced on Twitter that he will vigorously promote the Tron meme season. This has also shifted the community's attention from BSC to Tron, and Mr. Sun also announced that Tron will launch a six-month meme coin zero-fee event. However, looking at the history of Tron's meme coins, it has been gloomy since last September. This time, Mr. Sun is trying to capitalize on the meme craze sparked by BSC, will he succeed?

Tron meme coins lack sustained narrative and funding

Dune data clearly shows that the number of tokens created by Sun.pump has plummeted since last August, and has almost zeroed out since September. Although the initial response was intense, and on August 21 it even surpassed Pump.fun in single-day token issuance, it lacks a diverse narrative and sufficient liquidity to support the hype. It seems that everyone is just following Justin's every word and action in PvP.

Justin Sun: Tron meme is the core focus, data shows there is still room for growth

Justin Sun posted on Twitter on the night of March 19th stating: "Tron meme szn (Season)". He then said: "Meme is so hot, Mr. Sun should join in too, Tron meme is just lacking the right momentum! Let me think about the best way to get involved, Tron meme is definitely the core focus." Looking at the daily token creation, Sun.pump created 122 tokens on March 18th. From March 19th to the time of writing, it has created 38 tokens, which still has room for growth compared to the thousands created daily in the early days.

Justin Sun promises not to make a penny from this meme craze

As for whether Justin Sun can capitalize on the meme craze, the trading bot PEPE Boost posted stating that the core focus should be:

  1. The founder is charismatic enough
  2. There is a wealth effect

And Mr. Sun is charismatic enough. As for the wealth effect, it's too hard for him to outpace the retail investors.

In response, Justin Sun said: "I'm charismatic enough, and the wealth effect is my self-awareness of the leading effect! This time with the meme, I won't make a penny! I won't make a dime!"

Sun.pump transaction fees are free, is it a new Tron meme season?

On the practical side, Justin Sun first announced that Sun.pump will launch a six-month event with zero transaction fees for meme coins. He then announced that the top-ranked and high-volume coins on SunPump, after review, can be listed on HTX and enjoy a one-month fee-free policy. In addition, all the coins launched from Sun.pump also have zero transaction fee events.

Currently, the token that seems to be doing relatively well on Sun.pump is $SZN, corresponding to what Justin Sun called the Meme SZN. And the token suspected to be issued by an address associated with Justin Sun is Knight.

Risk Warning

Cryptocurrency investment is highly risky, and its price may fluctuate dramatically, and you may lose your entire principal. Please carefully evaluate the risks.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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