• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Monday, June 23, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Justin Sun Launches Memecoins Platform on TRON

Jordan Avery by Jordan Avery
August 19, 2024
in News
Reading Time: 3 mins read
0
tron-justin sun- memecoins
Share on TwitterShare on Facebook

According to Dune, almost six thousand memecoins have already been launched on TRON via SunPump , which have brought in more than 2 million TRX (approximately $258 thousand). TRON (TRX) blockchain creator Justin Sun has launched the SunPump platform and is now promising that the first “billionth” memecoin will appear on the network.

SunPump Chances of Success

Launched via the Sun.io platform, the SunPump project allows users to quickly create memecoins on the TRON network. To create a “meme” coin, you need to pay 20 TRX, as well as a trading fee of 1%.

According to Dune , on August 17, the TRON blockchain recorded a record one-day income from memceoin launches via SunPump. In just 24 hours, users created more than four thousand tokens. The platform earned more than 1 million TRX ($133,000) in fees.

Justin Sun Launches Memecoin Platform on TRON - MEMECOINS
Number of launched memcoins since SunPump launched. Source: Dune

Justin Sun is confident that the momentum will continue, saying that the TRON blockchain has significant advantages over its competitors.

“Tron’s biggest strength is $60 billion in TRON USDT. No other blockchain protocol has such a large liquidity pool. Memecoins thrive on liquidity, and TRON has it in abundance,” he wrote on X (formerly Twitter).

Memecoins, TRON, and Justin Sun

Sun noted that TRX holders are looking to invest in new, interesting memecoins, while developers and traders are looking for a platform with reliable stablecoin liquidity. TRON is the perfect choice for them. The network offers fast and cost-effective transactions, as well as protection from MEV, the entrepreneur emphasized.

TRON is indeed considered one of the most efficient networks for transactions. In terms of the number of stablecoins on the platform, the blockchain significantly outstrips most competitors. According to DefiLlama , TRON stores “stable” coins worth about $60 billion.

Distribution of stablecoins across different blockchains. Source: DefiLlama
Distribution of stablecoins across different blockchains. Source: DefiLlama

Taking all the above factors into account, Sun predicts that the TRON network will soon have a “billionth” memecoins. According to him, one of these coins, Sundog, has already increased significantly in price and brought good profits to early investors.

However, SunPump will not be so easy. There are already platforms on the market offering similar services. For example, pump.fun. The latter has already received rave reviews from the community, and recently even surpassed Ethereum in revenue.

Source: X

In addition, there are growing concerns among many experts that the memecoins boom is nearing its end. “The reason why memecoin traders are losing money is because real money on Wall Street is now moving into crypto. Scams, celebrity coins, etc. won’t work anymore. The garbage is being thrown out (and publicly condemned). This is good for digital asset adoption in the long run,” said ETF Store President Nate Geraci.

Tags: cryptocurrencyJustin SunMemecoinsSunPumpTron
Previous Post

DePIN Token Filecoin (FIL) Tries to Break Out of Downtrend

Next Post

Shiba Inu (SHIB) Aims to Break Out of Descending Wedge Pattern

Related Posts

BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?
Market Analysis

BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?

June 22, 2025
Bitcoin $103K Support Is Shaking, Will the Bears Get Burned
Market Analysis

Bitcoin $103K Support Is Shaking, Will the Bears Get Burned?

June 21, 2025
Featured

Dogecoin Price Faces Breakdown

June 20, 2025
Featured

CZ Warns of Deepfake Scams

June 20, 2025
Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown
News

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

June 19, 2025
Solana ETF Incoming? What Bloomberg’s 90% Prediction Means for Investors
News

Solana ETF Incoming? What Bloomberg’s 90% Prediction Means for Investors

June 17, 2025

Press Releases

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown
News

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

by Alex Mercer
June 19, 2025

Introduction Bitcoin has seen plenty of drama over the years, but this time, even with war looming and a cyberattack...

Read more
What you will get:  Simple steps to start trading cryptocurrencies like Bitcoin and Ethereum How to choose a reliable crypto exchange with low fees and strong security Key tips to read crypto price charts and manage trading risks How to stay updated with market-moving news and practice safely before investing Introduction Cryptocurrency trading has exploded in popularity as an easy way to earn online. With simple guidance you can start trading Bitcoin Ethereum and other altcoins using your phone or computer. This guide gives clear steps for beginners. What Is Crypto Trading and How Does It Work Crypto trading is buying and selling digital currencies like Bitcoin Ethereum Cardano or Solana to make a profit. You buy when prices are low and sell when they go higher. There are two main trading types: Spot trading: You own actual coins. Derivatives trading: You trade based on price movements without owning coins. Spot trading is perfect for beginners because it’s more straightforward and less risky. Step 1 Choose a Reliable Crypto Exchange Select a trusted crypto exchange. Popular beginner-friendly options: Binance: Low fees and many altcoins Coinbase: Easy for beginners with strong security Kraken: Great support and euro compatibility Bybit: Simple interface with spot and futures Look for: Easy sign up and verification Strong security (2FA, cold storage) Low trading fees and fast euro or fiat deposits Wide selection of coins and high volume Step 2 Learn Crypto Chart Reading Reading price charts will improve your crypto trading success. Key concepts: Trend lines: Overall up or down movements Support levels: Prices where value tends to bounce up Resistance levels: Prices where value tends to slow or reverse Start with basic charts like candlestick charts. Many platforms like Binance and Kraken offer built-in guides. Step 3 Manage Risk and Use Stop Losses Crypto prices are very volatile and can change fast. Protect your investment by: Investing only what you can afford to lose Using stop-loss orders to sell automatically at a set lower price Not risking more than 1–2% of your portfolio on any trade This risk management helps you stay in the game long term. Step 4 Stay Updated with Real-Time Crypto News Crypto markets respond instantly to news. Use reliable sources like Vr Soldier, CoinDesk, CoinTelegraph and The Block. Track: Bitcoin ETF decisions New coin listings on exchanges Regulatory changes Major partnerships and developments Following crypto news helps you predict good entry and exit points. Step 5 Use Demo Accounts to Practice Many exchanges like Binance and Bybit offer demo accounts or testnets. Practice trading with virtual money first. This helps you learn: How orders work Chart reading in real time Trading fees and order types Once you feel confident, move to small real trades. Final Simple Tips for New Crypto Traders Start with well-known coins like Bitcoin Ethereum Avoid chasing hype or FOMO (Fear Of Missing Out) Keep a basic trading journal or spreadsheet Learn from both wins and losses Crypto Trading Basics for Long Term Profit

Crypto Trading Basics for Long Term Profit

June 16, 2025
$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

June 14, 2025
Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

June 6, 2025
Binance Beats SEC—Crypto Cheers the Legal Victory

Binance Beats SEC—Crypto Cheers the Legal Victory

June 2, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier