ccording to recent updates, Justin Sun has launched his own version of Solana's pump.fun on the TRON blockchain.
The memecoin deployer, dubbed “SunPump”, will allow developers and fans to create and deploy tokens on the Tron chain with ease.
Following the launch, the founder of TRON has drawn the interest of crypto enthusiasts and SunPump will bring more active users and solidify the network's position in the competitive blockchain space.
TRON's Surge Following the Announcement
The platform looks to be a huge success so far. The price of TRON has increased significantly by 35% since the launch and SUNDOG token ($SDOG) which was deployed recently on the platform has gained more than 120%. The token has become the first successful TRON memecoin, reaching a market cap of ~$150M after the platform went live.
The reactions to the platform are a mix of positive and negative. Some investors believe the platform will boost the TRON ecosystem while others question the longevity of memecoins in the blockchain space.
What Does This Mean for Memecoins
Justin Sun aims to make memecoins legit again with some guidelines that have been put in place on the platform. For memecoins, this could either be a turning point or a breaking point.
If the platform is successful, it would boost the network and platform, however, if it flops, it could mean serious blunders against the TRON ecosystem. For now, the crypto community will watch the platform closely and in the coming days, could determine the fate of SunPump and TRON in the memecoin space.
