Crypto News – SunPump Tops PumpFun in 24-Hour Revenue as Memecoin Market Heats Up
Crypto News – Launched just last week, SunPump has already made waves in the memecoin arena by surpassing its major Solana-based competitor, PumpFun, in 24-hour revenue. On Wednesday, SunPump reported a revenue of approximately $548,000, outpacing PumpFun’s revenue of about $367,000, according to the latest data.
Impressive Daily Revenue for SunPump
SunPump, a memecoin generator built on the Tron (TRX) network, achieved a significant milestone by surpassing PumpFun in daily revenue. On Wednesday, SunPump generated around 7,531 tokens, translating to a daily revenue of 3.65 million TRX, equivalent to roughly $548,000 based on the current TRX price. This impressive figure was confirmed by data from Dune.
PumpFun’s Performance Compared
In contrast, PumpFun’s daily revenue amounted to 2,575 SOL, worth approximately $367,195. On the same day, PumpFun generated about 6,941 tokens. Despite PumpFun’s earlier dominance, SunPump’s recent performance highlights its growing traction in the memecoin space.
Volatility and Market Impact
SunPump’s launch has been marked by notable volatility. For instance, Sundog, one of the memecoins generated by SunPump, saw its price surge by 25% yesterday to reach about $0.25. However, it has since retreated to $0.21, reflecting a 12.6% decline over the past 24 hours, as reported by CoinGecko. The market capitalization of Sundog currently stands at $216 million, having briefly exceeded $250 million on Wednesday.
PumpFun’s Ongoing Contributions
Since its debut in January, PumpFun has facilitated the creation of over 1.8 million tokens. In contrast, SunPump’s rapid rise reflects its ability to attract attention and generate significant revenue in a short period.
Tron Founder Justin Sun’s Endorsement
Tron’s founder, Justin Sun, has been actively promoting SunPump on social media, including posts on X. He recently announced an upcoming update to SunPump, promising improved stability and resolution of data discrepancies and K-line issues. In his post, Sun stated, “Tomorrow, a new version of @sunpumpmeme will be launched, significantly improving stability. The data discrepancies and K-line issues everyone reported will also be fully resolved. TO THE SUN.”
TRX Token Performance
Amidst the memecoin activity, TRX, the native token of the Tron network, experienced a 4.25% decline in price over the past 24 hours, trading at $0.15. Despite this recent drop, TRX has seen a 15.56% increase over the past week, with its market capitalization currently at $13.3 billion.
FAQ
What is SunPump and how did it surpass PumpFun in revenue?
SunPump is a memecoin generator based on the Tron (TRX) blockchain. Launched just last week, it has quickly gained traction and surpassed its major competitor, PumpFun, in 24-hour revenue. On Wednesday, SunPump generated approximately $548,000 in revenue, while PumpFun’s revenue was about $367,000. SunPump’s success is attributed to its rapid adoption and high transaction volume, with 7,531 tokens launched through its platform.
How much revenue did SunPump generate in the last 24 hours?
In the last 24 hours, SunPump generated approximately $548,000. This figure is based on the daily revenue of 3.65 million TRX, reflecting SunPump’s recent success in the memecoin market.
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