Launched just 12 days ago on August 9, meme coin launchpad SunPump has already outpaced its main competitor, Solana-based Pump[dot]fun, in both the number of tokens launched and revenue generated. According to blockchain researcher Adam Tehc, SunPump has shown significant results compared to Pump[dot]fun over 24 hours.
SunPump's Features
One of the key factors contributing to SunPump’s success is its bonding curve mechanism. This process reportedly ensures that liquidity is always available for trading, reducing the risks associated with price volatility—a common issue in the memecoin market. 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 (approximately $2.60) and imposes a 1% trading fee. These fees are designed to maintain the platform’s sustainability while also contributing to the liquidity pool, making it an attractive option for traders looking to create and trade memecoins with ease. The platform’s success has been bolstered by its strategic partnership with the Poloniex cryptocurrency exchange. This partnership ensures that projects maintaining a daily trading volume of $1 million for three consecutive days qualify for listing on Poloniex, providing additional incentives for traders to use SunPump.
Concerns and Criticisms
Despite its rapid rise, SunPump’s timing has raised concerns among some market observers. 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 platforms like Pump[dot]fun, only 41 have maintained a market capitalization exceeding $1 million for several weeks, representing just 0.0002% of all tokens. Fred, a former co-founder of Crypto Banter, recently expressed concern about the longevity of the meme coin frenzy. He noted that these coins are among the first to be sold off when market sentiment shifts, potentially leaving traders vulnerable to significant losses.
Conclusion
SunPump has shown impressive results since its launch, significantly surpassing its competitor Pump[dot]fun in key metrics. However, its continued growth and overall success will depend on its ability to adapt to changing market conditions and maintain trader interest.
SunPump has shown impressive results since its launch, significantly surpassing its competitor Pump[dot]fun in key metrics. However, its continued growth and overall success will depend on its ability to adapt to changing market conditions and maintain trader interest.
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