SunPump, a new Memecoins platform on the Tron blockchain (TRON), has generated over $1.1 million in revenue in just 11 days since its launch, surpassing both Ethereum and Solana in daily earnings. This initiative positions SunPump as a direct competitor to Solana’s popular pump.fun platform, which recently saw transaction fees spike to a record $5.3 million within a 24-hour period. This rapid ascent raises the question: Is SunPump poised to become the next 100X memecoin?

Disclaimer: All opinions are personal opinions and NOT FINANCIAL advice.

What is SunPump?

Launched by Sun.io, the DeFi protocol associated with Tron founder Justin Sun, SunPump is designed to facilitate the creation and trading of memecoins on the Tron blockchain.

SunPump is the first dedicated platform for the fair launch and trading of memecoins. It offers creators an accessible, low-cost way to launch their own meme coins. The platform will elevate user engagement and promote a more autonomous trading experience. A joint curve pricing mechanism provides direct and transparent access to token purchases and allowing users to sell their tokens whenever they choose.

The platform allows creators to generate and trade memecoins with little to no financial barrier, similar to Pump.Fun on the Solana network. The exciting thing about SunPump is its appeal to both casual and serious traders, driven largely by TRON’s infamous founder, Justin Sun.

In the fast-paced cryptocurrency landscape, new platforms like SunPump are capturing the attention of traders and enthusiasts alike. The platform’s first memecoin, Sun Dog ($SUNDOG) has already experienced significant growth, mirroring the hype typically associated with the Memecoin market.

The Role of Justin Sun

Justin Sun is a well-known figure in the crypto community, known for aggressively promoting TRON and its ecosystem. His involvement in Sun Pump has been a significant factor in its rapid growth. By changing his profile picture to a meme related to the platform and tweeting about it, Sun injected enthusiasm and intrigue among TRON users.

One key tweet involved Sun changing his profile picture to “Sun Wukong” which directly led to the coin, SUNWUKONG experiencing a 24,000% increase in just one day. Justin Sun’s ability to create buzz and drive interest in his projects has signigicantly contributed to SunPump’s initial success.

Is TRON MEME Trading Worth It?

The question on many traders’ minds is whether trading memecoins on TRON is worth the effort and risk. The short answer is: it depends on your tolerance for risk and speculative ventures.

Memecoins are highly speculative by nature. Success often depends on timing, hype, and market sentiment. While SunPump has shown promising early results, several factors must be considered:

• Platform Maturity:  Unlike established networks such as Solana or Ethereum, TRON’s memecoin ecosystem is still developing. This presents both opportunities and risks, as the platform’s stability and user engagement remain unproven.
• Market Dynamics: Memecoins often experience rapid growth followed by steep declines. Traders should be prepared for volatility and have a clear exit strategy.
• Justin Sun’s Involvement: While Sun’s involvement can drive interest, it raises questions about sustainability. His history of promoting projects only to shift focus elsewhere may leave traders vulnerable.

Will Liquidity Return to Solana?

A critical consideration for traders is whether the current liquidity flowing into TRON’s memecoin market will eventually revert to more established networks like Solana.

TRON has seen a notable increase in trading volume, particularly with SunPump, leading to concerns about liquidity being temporarily diverted from other platforms. Solana has experienced a decline in trading volumes in the memecoin sector, potentially due to traders seeking quick gains on TRON.

However, several factors could influence this trend:

• Sustainability: The long-term viability of SunPump is uncertain. If the platform fails to maintain its momentum or if Justin Sun shifts his focus, liquidity may return to established networks.
• User Experience: Solana benefits from a robust user experience and infrastructure, with platforms like Phantom wallet attracting millions of users compared to TRON’s smaller user base. This established ecosystem could draw traders back if SunPump shows signs of decline.
• Community Engagement: The memecoin culture thrives on community sentiment and engagement. While TRON may attract new users, sustaining their interest will be a challenge compared to Solana’s well-established community.

For more details about SunPump, you may refer to:

How to Participate?

How to Launch?

[UPDATED] Trading SunPump MEMES with bot: SunBot

In recent days, the memecoin space very aggressively, particularly on SunSwap. The excitement is palpable, and we’re jumping in early on everything fresh and thrilling. $SUNDOG has published a new telegram trading bot on 20 Aug, called SunBot. This trading both is very similary to BONKbot on SOL.

Why use Bot for trading?

Using bots is incredibly convenient, especially if you’re on the go and have Telegram access. You can do basic swaps and transactions quickly with the bot.

How to trade with SunBot?

1. Set Up SunBot

Typically you’ll use Sun.io to swap $TRX for memecoins. However, SunBot offers a faster way via Telegram.

SunBot Trading Bot (Telegram): https://t.me/sundog_trade_bot?start=A8hmdGdoU1d9

2. Using SunBot

After joint the SunBot, you’ll be assigned a wallet by the bot. It’s crucial to first click on the ‘Wallet’ option and export your private key and seed phrase to maintain control over your wallet. Using TronLink, you can import this wallet for secure access.

3. Trading with SunBot

Most trading will occur on the SunBot platform. Here’s the process to buy coins:

• Use DexScreener for data aggregation, copy the token not the pair.
• Paste the token in SunBot and specify the amount of $TRX to buy.
• Fund your wallet with $TRX through a centralized exchange like MEXC.

Here’s the example:

We’ve been exploring SUNZI, a promising memecoin on TRON, which has shown significant potential.

1. Use DexScreener: https://dexscreener.com/tron/tm1bqcddyvp1ssrrrpvz48wvouephmavtf for data aggregation, copy the token address of SUNZI: TVxdm8HtWQGkThu3fmfgkR6hrLGiFzTzCH *NOT the pair.
2. Paste the token address of SUNZI: TVxdm8HtWQGkThu3fmfgkR6hrLGiFzTzCH in SunBot, reply the amount of $TRX to buy: 3000
3. Once your wallet is funded with $TRX, then you can BUY or SELL at SunBot.

4. BUY / SELL with SunBot

To sell, check your position in SunBot and decide the percentage you want to sell. Type the required percentage (e.g., 40%) to execute the sale.

Optimal Settings for Trading: Slippage Configuration

For newly launched memecoins, like SUNZI, significant price volatility is expected. Therefore, adjusting the slippage settings is essential:

• Default slippage for buy and sell: 10%
• For high volatility coins, set the slippage to 30%

Higher slippage ensures your transaction goes through but also implies a willingness to take a loss up to the specified slippage percentage.

5. Additional Settings

SunBot also offers features like auto-buy for DCA strategies, but manual trading is often preferred to more precisely control trading actions.

More details about SunPump by senior analyst, Angela Wang from Boxmining: