What is SunPump?
SunPump is a meme coin launchpad created on the TRON network. It offers a user-friendly and cost-effective platform for creating and trading meme coins. Users do not need to acquire technical knowledge to operate on the platform. SunPump was launched in August 2024 and was founded by Justin Sun, who was also the brains behind the popular TRON network.
SunPump gained widespread attention just a few days after its launch. One of the major reasons that attracted the audience as it provided a platform that allows to easily create and trade meme coins without having any prior knowledge in coding. Users can create meme coins for lower fees and start trading them on the platform. These features have attracted a lot of newcomers to the crypto industry.
Just two weeks after the launch, over 25,000 meme coins were created on the platform. These meme coins generated over $1.5 million in revenue and this success has made the TRON network a major competitor in the meme coin landscape. SunPump has played a major role in uplifting and expanding the TRON networks within a few days. SunPump has also made great efforts to promote the mem coin platform through popular social media sites like X to reach out to a wider audience. Through these social media platforms, SunPump also revealed that they had planned a budget of $10 million to introduce new projects and features to expand the platform.
How to create meme coins on SunPump?
Setting up a wallet: The first step toward creating meme coins involves setting up a TRON wallet. The users must have enough TRX in their wallet to cover the creation fee. In most cases around 20TRX or $3 will be enough to cover the fee charges. However, the fee may vary according to the price fluctuations.
Connect to the SunPump platform: After setting up the wallet, users can visit the SunPump platform to connect their wallet. Connecting your wallet to the platform is a simple process and the platform interface guides you throughout the creation process. After connecting the TRON wallet, users can click the launch option to move towards creating a meme coin.
Creation of meme coins: Users can click on the create token option to create meme coins. For this purpose, users have to enter a token name, ticker symbol, and ticker description. The name could be catchy and interesting and the ticker symbol should be something representing your meme coin. Ticker description should include details of its features, use cases, and other necessary information. It is also better to add links connecting the project to social media networks in the description to attract more users. After creating the token it will be automatically deployed and is available for trading.
Utilizing the Bonding curve to set the price for the meme coin: SunPump uses a bonding curve technique to set or adjust the prices of a meme coin. This technique helps ensure liquidity and fairness and prevents manipulation of the prices. As more people buy your meme coins, the price increases along the curve.
Marketing and liquidity: SunPump will add liquidity to the meme coin through SunSwap V2 if your meme coin reaches a market cap value of $69,420. Then you can trade your meme coins on decentralized platforms to provide immediate access to the crypto markets and attract buyers. The meme coins can also be promoted via social media platforms.
Popular meme coins created on SunPump
Sundog ($SUNDOG): Sundog remains the most popular meme coin generated on SunPump. It is also the biggest dog meme coin on the TRON network. The meme coin has gained widespread popularity and attention as soon as it was launched. Its market value stands at a whopping $2223.6 million.
SunWukong (SUNWUKONG): SunWukong is a unique meme coin created on the TRON network. It is a meme coin where the early investors turn their $1K into $750,000 to indicate the potential of SunPump. It holds a high market cap value and has been listed in the 10th position of the top meme coins on the platform.
Tron Bull ($BULL): The Tron Bull meme coin was created to represent the TRON network community. This meme coin is also known as the TRON mascot. Since its launch, Troll Bull played a major role in the enhancement of the mem coin sphere with its bullish energy and high market cap value that was about to hit a century.
Also Read: Crypto Pump & Dump Schemes: How To Spot & Avoid It?
The Bottom Line
SunPump has become a top platform among users for creating and trading meme coins. Considering the rise of meme coins, the need for such user-friendly platforms has become necessary. The platform offers low-cost services that allow existing and new users to easily try their hands at creating meme coins and trading them for a greater purpose. The key features offered by the platform are also another factor owing to the rising popularity of SunPump. Many new features and innovations are expected to be launched in the coming days to stabilize its position in the meme coin landscape.