SunPump, a meme coin launchpad, launched just 12 days ago, has already outpaced its main competitor, Pump[dot]fun, in both the number of tokens launched and revenue generated.
SunPump's Success
SunPump has seen 7,351 new tokens launched, generating $585,000 in revenue in 24 hours, according to blockchain researcher Adam Tehc. In comparison, Pump[dot]fun, which has been a dominant force in this market, saw 6,701 tokens launched and $366,000 in revenue during the same period.
SunPump's Features
One of the key factors contributing to SunPump’s success is its bonding curve mechanism. This process ensures that liquidity is always available for trading, reducing the risks associated with price volatility. When a project reaches 100% of its bonding curve at a value of $69,420, the smart contract automatically deposits around 100,000 TRX and 200 million tokens into the SunSwap V2 liquidity pool. Additionally, SunPump charges a creation fee of 20 TRX and imposes a 1% trading fee, which helps maintain the platform’s sustainability.
Concerns and Criticisms
Despite its rapid rise, SunPump’s timing has raised concerns. The meme coin market is becoming increasingly saturated, with only a tiny fraction of tokens achieving lasting success. Data shows that out of thousands of meme coins launched on Pump[dot]fun, only 41 have maintained a market capitalization exceeding $1 million for several weeks.
SunPump shows quick growth and attracts interest, but its future in the saturated meme coin market remains uncertain.
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