Memecoins, usually created as jokes, have performed a big position within the current cryptocurrency bull market, with cash like SHIBA, PEPE, WIF, and FLOKI surpassing $1 billion in market capitalization.
However, platforms like pump.enjoyable have confronted criticism for permitting dangerous actors to create memecoins cheaply and execute rug pulls, the place they abandon a challenge after traders have added worth.
To counter these issues, Justin Sun acknowledged that SunPump is dedicated to bettering evaluate processes, introducing neighborhood oversight, and selling transparency to guard customers. “SunPump conducts an intensive vetting of creators and initiatives earlier than they’re allowed to launch on the platform, serving to to make sure that they meet particular requirements of integrity,” Sun emphasised.
A distinguishing function of SunPump is its partnership with the crypto exchanges Poloniex and HTX.
Projects on SunPump that preserve a day by day buying and selling quantity of $1 million for 3 consecutive days might be eligible for itemizing on the platform.
Additionally, Tron and SunPump have pooled $10 million to create the Meme Ecosystem Boost Incentive Program, geared toward offering sources and help for newly launched tokens.
Memecoin buying and selling on the Tron Network has already seen vital success, with some merchants reaching substantial returns.
For occasion, one dealer, generally known as “TEP7…T1da,” turned an funding of 5,000 TRX ($650) into 522,840 TRX ($68,000) in simply 7 hours by buying and selling the memecoin SUNDOG, realizing a 104x return. The dealer nonetheless holds 2.29 million SUNDOG tokens, valued at $76,000 in unrealized earnings.
In one other instance, the memecoin SUNCAT elevated by 25,000% in worth, reaching a market cap of $1 million after simply 9 hours of buying and selling on the Tron community.
