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Home»ADOPTION NEWS»Tron-based SunPump memecoin generator upsets PumpFun’s daily returns
ADOPTION NEWS

Tron-based SunPump memecoin generator upsets PumpFun’s daily returns

By Crypto FlexsAugust 22, 20242 Mins Read
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Tron-based SunPump memecoin generator upsets PumpFun’s daily returns
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sun pump, Tron Trex

-6.03%
-Based Mimecoin Generator Turns PumpFun’s 24-Hour Profits Upside Down as New Mimecoin Developers Start to Gain Popularity

On Wednesday, SunPump had about 7,531 units launched via the generator, generating a daily profit of 3.65 million TRX, or about $548,000 based on the current price of TRX. data In Dune.

According to on-chain data, this is more than PumpFun’s daily revenue of 2,575 SOL, which is equivalent to approximately $367,195. On Wednesday, approximately 6,941 tokens were created on PumpFun.

Released Last week, SunPump was used to create memecoins, some of which saw significant price fluctuations. For example, Sundog was up 25% at one point yesterday, trading at around $0.25, but has since fallen to $0.21 at the time of writing, down 12.6% in the last 24 hours. According to ~ CoinGecko. Mimecoin’s market cap is currently at $216 million after briefly surpassing $250 million on Wednesday.

Meanwhile, PumpFun Make it easier Since launch in January, over 1.8 million tokens have been created.

Tron founder Justin Sun has been posting extensively about SunPump on X over the past few days, even adding a link to a Mimecoin generator in his profile bio.

“A new version of @sunpumpmeme will be released tomorrow with significant stability improvements. The data inconsistencies and K-line issues everyone has reported will also be completely resolved. TO THE SUN,” Sun wrote in the post.

Tron’s TRX token price has fallen by 4.25% over the past 24 hours to trade at $0.15, but has risen by 15.56% over the past week. Price page of the blockIts market cap is currently $13.3 billion.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

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