SunPump Now Launches Meme Coins on Tron Blockchain: Is the Next SHIB, DOGE in the Works? – Corner Growth Acquisition (NASDAQ:TRON)

Sun.iothe DeFi protocol affiliated with Tron TRON/USD founder Justin Sunrevealed Solar pumpa new platform designed to enable the creation of meme coins on the Tron blockchain.

What happened:This initiative positions SunPump as a direct competitor of Solana‘s SOL/USD popular platform Pump.fun, which recently saw its transaction fees spike to a record high of $5.3 million in a 24-hour period.

Meme coins, often initially launched as humorous or satirical digital assets, have played an increasingly central role in the latest cryptocurrency bull market.

Notable examples include Shiba Inu SHIB/USD, PEPE PEPE/USD, Wi-Fi WIF/USD And FLOKI FLOKI/USD have even reached market capitalizations exceeding one billion dollars.

However, the rise of platforms like pump.fun has also drawn criticism, particularly because they provide an easy way for bad actors to launch meme coins and execute rug pulls — fraudulent schemes where developers abandon a project after securing funding from investors.

Responding to these concerns, Justin Sun emphasized SunPump’s commitment to safety and transparency.

“To address this issue, the Sun team is committed to improving our review processes, introducing community oversight, and promoting transparency to ensure the safety and trust of our users,” Sun said in an interview.

Also read: Bitcoin Spot ETFs See Weak Flows as Negative Funding Rates Signal Bearish Sentiment

He explained that SunPump uses a rigorous vetting process for creators and projects before they are allowed to launch on the platform, ensuring they meet high standards of integrity.

Sun also highlighted a unique feature of SunPump that sets it apart from its competitors: a partnership with crypto exchange Poloniex.

This collaboration offers a significant advantage to projects that reach a daily trading volume of $1 million for three consecutive days, as they will be eligible for listing on the Poloniex platform, offering greater visibility and potential liquidity.

In addition to the launch of SunPump, Tron and SunPump are jointly investing $10 million in the Meme Ecosystem Boost incentive program.

This program aims to support newly launched tokens by providing essential resources, thereby fostering a more robust and vibrant memecoin ecosystem.

And then?:As the digital asset landscape continues to evolve, the impact of platforms like SunPump and their role in the broader crypto economy will be the focus of Benzinga’s Future of Digital Assets conference on November 19.

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