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Tron’s SunPump effect: 4,844 new meme coins and $246k in revenues!

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Tron innovates with SunPump, creating 4,844 new meme coins on the network.
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  • SunPump launch resulted in $246,000 in revenue for Tron, translating to 1.84 million TRX.
  • The launch facilitated the creation of 4,844 new meme coins.

Tron [TRX]  Network has achieved a significant financial breakthrough recently following the launch of its latest initiative, SunPump.

The project was spearheaded by Justin Sun, founder of Tron, and it has generated huge income, marking a milestone in the life of this network.

 Over the last few days, the Tron Network has made about 1.84 million TRX, equivalent to nearly $246k since they launched SunPump, according to on-chain analytics firm Lookonchain.

Source: X

Lookonchain gave some insights through the X account. In their post, the analytics provider announced,

“Since #SunPump launched, 4,844 #MEMEcoins have been created on #TronNetwork, bringing a revenue of 1.84M $TRX ($246.6K).”

Such an achievement emphasizes how important initiatives like SunPump are for fostering engagement and innovation in blockchain ecosystems.

The emergence of SunPump has brought about an upswing in meme coin production activities on the chain. From this launch alone, Lookonchain noted that there have been over 4,844 new meme coins created on the Tron Network.

Such a bulk increase in token production demonstrates yet again that meme coins are becoming more and more popular in the crypto community.

Impact on Tron Network’s ecosystem

SunPump’s success not only suggests a surging meme coin interest but also the Tron Network’s ability to create a large number of tokens.

This move has successfully lured developers and innovators into the ecosystem. Thus cementing its position as one of the most prominent blockchain innovation hubs.

Realistic or not, here’s TRX market cap in BTC’s terms

The revenue pumped into the network through SunPump signals increased engagement and activity on the network.

To assess this growth, AMBCrypto conducted an analysis of active address data from IntoTheBlock. The data indicates a 4.56% surge in the number of active addresses over the past 24 hours alone.

Source: IntoTheBlock

 

 

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Kelvin Murithi is an Economic and Crypto-Asset Analyst at AMBCrypto who provides a sophisticated, data-driven perspective on the financial markets. His analysis is deeply rooted in his academic and professional background, combining macroeconomic principles with technical asset analysis. He holds a Bachelor's degree in Economics and Statistics, which provides the rigorous quantitative foundation for his work in economic forecasting and investment strategy. Prior to specializing in the digital asset space, Kelvin honed his skills as a Financial and Data Analyst, where he was responsible for analyzing complex datasets and financial models. At AMBCrypto, Kelvin leverages this powerful blend of experience to deliver insightful price analysis. He specializes in interpreting how broader economic trends impact the cryptocurrency market, while also applying technical analysis to identify key price levels and potential trading opportunities. His mission is to equip readers with a multi-layered understanding of the market, enabling them to make strategic and well-informed investment decisions.
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