Tron Trex
+2.72%
The underlying token, Sundog, surged about 25% on Wednesday as traders appeared to be testing the recently launched memecoin generator, SunPump.
According to CoinGecko, Sundog was trading at around $0.25 as of 1:50 p.m. ET, up about 25% over the past 24 hours. The token’s market cap briefly topped $250 million on Wednesday.
Sundog’s meteoric rise came with the launch of SunPump, a Tron-based memecoin generator that competes with cheap memecoin generator Pump.fun. Solana 
brush
-0.21%
Blockchain. Since its launch in January, Pump.fun has been used to generate nearly 2 million tokens. Cumulative revenue reached nearly $100 million.
On Wednesday, SunPump announced a partnership with DWF Labs.
“DWF Labs, a new generation Web3 investor and market maker, will strengthen SunPump. The Memecoin generator is described in a post on X as “a platform to reach new heights.”
Tron founder Justin Sun has been promoting SunPump recently. On Wednesday, Sun predicted that the new memecoin generator could drive revenue growth.
“Conservatively, Tron’s total revenue over the next 12 months could reach $3 billion, with $1 billion being burned and $2 billion being rewards to stakers and transaction subsidies,” he wrote in a post on X. “If the meme strategy is successful, it could reach $4 billion.”
Sun also said Tron activity “surged” on Wednesday, reaching around 9 million. New version of SunPump It will be released on Thursday and will greatly improve stability.
“The data inconsistencies and K-line issues that everyone has reported will also be fully resolved,” he said.
Meanwhile, Tron’s TRX token has risen more than 20% over the past week, according to the block price page.
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