One of the most significant narratives of this bull run has been memecoins, with those domiciled in Solana being at the forefront of the mania.
Pump.fun, Solana’s launchpad, has been the subject of attention since its inception in January 2024, following the memecoin mania. The platform was established to guarantee the security of all tokens that were generated and to prevent the proliferation of “rugs.”
Earlier this year, its popularity increased among users and influencers who desired to effortlessly generate tokens without the high cost or complication of launching a project. High-profile celebrities have since employed the memecoin launcher to initiate their crypto voyage.
Nevertheless, Pump.fun has faced significant criticism for its facilitation of pump-and-dump schemes. According to recent data, the platform’s prominence has declined considerably in the past few weeks, with a decrease of over 84% in the number of addresses generated.
Defi protocol SUN.io added a Tron-based competition to Pump.fun in response to the negative feedback. Earlier this week, Justin Sun disclosed the Beta version of SunPump, the inaugural memecoin launcher on the Tron Blockchain.
SunPump is a launchpad that “seeks to offer the most user-friendly and expedient meme trading experiences within the Tron network” to all users. The platform will provide creators with “a cost-effective and convenient token issuance solution,” as stated in the announcement.
Furthermore, creators are eligible to participate in the “888 TRX” Airdrop Event. The initiative provides an 888 TRX airdrop to all memecoin creators whose Bonding Curve reaches 100%.
The platform has today announced the launch of a $10 million Meme Ecosystem Boost Incentive Program in conjunction with Tron DAO. The initiative, which is exclusively available for SunPump-launched tokens, is intended to provide initiatives with the necessary resources and support to achieve new heights.
In addition, Sun claimed that the launchpad’s transaction fees were further reduced by 90% today, resulting in a price of 0.352 TRX, which is equivalent to $0.04576 per transaction.
Finally, the project disclosed that the protocol’s revenue would be fully allocated to the purchase and burning of SUN tokens in order to “encourage the sustainable growth of the SUN ecosystem.”
A number of community members conveyed conflicting emotions regarding the news. Some X users believe that Sun is tardy in joining the memecoin celebration, while others have referred to the initiative as “the end of the memecoin era.”
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