Meme Coin News: The Shift from Solana to Tron with SunPump

Monday, 26 August 2024, 10:43

Meme coin news highlight a significant shift as Solana's Pump.fun sees reduced launches while Tron (TRX) benefits from Justin Sun's SunPump strategies. Amid declining activity, TRX is becoming the focus of crypto enthusiasts. Sun's initiatives aim to regain traction in the meme coin economy.
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Meme Coin News: The Shift from Solana to Tron with SunPump

Meme Coin Economy Decline on Solana

Solana’s Pump.fun has recorded its lowest number of launches in five months, signaling a decline in the meme coin economy on the blockchain. According to Step Finance’s Solana Floor analysis tool, the number of launches on Pump.fun has hit its lowest point in 151 days.

Tron (TRX) Gains Momentum with SunPump

However, the excitement surrounding Tron’s SunPump indicates a shift in interest. Justin Sun's strategy includes attracting more stakers and enhancing profits for the platform. Crypto markets are buzzing with anticipation over TRX and its potential to reclaim market share.

Decreased Activity on Solana

  • Average daily launches: 15,217 (August 5-11)
  • Average daily launches: 8,003 (week ending August 25)
  • Reported drop: 47% in activity

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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