The Tron-based memecoin generator, SunPump, has surpassed its Solana-based rival PumpFun in daily revenue, despite being launched just recently.
SunPump Launch and Revenue
SunPump was launched on August 9, 2024, within the Tron blockchain, allowing users to create and trade memecoins. According to the latest reports from Dune, on August 21, SunPump launched 7,531 tokens via its generator. These tokens generated a daily revenue of 3.65 million TRX, worth over $560,000 at current prices in 25,054 transactions.
PumpFun Revenue
On-chain data from Dune revealed that PumpFun’s daily revenue on August 21 was 2,575 SOL, worth over $368,600 at current prices. The same data reveals that about 6,941 tokens were created with PumpFun, registering 6,941 transactions.
SunPump's Memecoin Price Volatility
SumPump’s generated memecoins have been seeing increased price fluctuations. For instance, SunDog’s price surged by 25% at one point yesterday and was traded above $0.25, followed by a dip to $0.21. At the moment of writing this article, the coin is trading at $0.21, down by over 19% in the past 24 hours. The token now has a total market cap of over $210 million and on August 21, Sundog’s market cap reached $250 million at one point, due to increased price volatility.
Thus, SunPump has shown significant growth shortly after launch, surpassing its competitor PumpFun in daily revenue and attracting attention to its project.
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