CDS Crypto News Pump.fun Overtakes SunPump in Daily Token Creation as Tron Launchpad Activity Drops
Crypto News

Pump.fun Overtakes SunPump in Daily Token Creation as Tron Launchpad Activity Drops

49
Pump.fun Overtakes Sunpump In Daily Token Creation As Tron Launchpad Activity Drops

Pump.fun Overtakes SunPump in Token Production as Tron Launchpad Activity Wanes

Pump.fun Overtakes Sunpump In Token Production As Tron Launchpad Activity Wanes

Over two weeks after Pump.fun‘s daily coin creation rate was flipped by the Tron token launchpad, the Solana-based meme coin factory has regained a significant statistical advantage over SunPump. SunPump produced 1,658 more tokens in a 24-hour period on August 21 than Pump.fun did. But the supremacy of token generation was fleeting. Just 1,258 tokens were issued by SunPump on Wednesday, down 83% from 7,531 tokens created just two weeks earlier, according to Dune statistics. Tron Launchpad‘s daily active swappers decreased from 29,099 on August 21 to 6,816 as of Wednesday, indicating a similar reduction.

On the other hand, SunPump‘s metrics are declining more quickly than Solana meme coin factory, rather than Pump.fun outpacing SunPump in terms of the number of tokens produced. As SunPump fell to statistical lows not seen since the protocol’s first week, Justin Sun, the founder of Tron, tweeted that the network will soon launch “celebrity season.”

Celebrity-Driven Crypto Hype: Sahil Arora Reflects on Influence and Manipulation in the Market

The cryptocurrency promoter Sahil Arora unveiled several of the celebrity meme coins that were introduced earlier this year on Solana‘s Pump.fun. These tokens included Caitlyn Jenner, rapper Lil Pump, R&B singer Jason Derulo, and many more celebrities. Arora replied, dig deeper, it’s all there, after being questioned about whether or not he is collaborating with Sun on Tron’s upcoming “celebrity season,” with several examples of his prior collaborations with the network. Actress Lindsay Lohan, R&B musician NeYo, and online celebrity Jake Paul were allegedly persuaded to promote Tron on social media in 2021 by the cryptocurrency marketer.

In an attempt to attract more volume and attention, it is easier for founders to flock towards celebrities. You either glorify or vilify celebrities but there is absolutely no denial that they can appeal to a much larger instant audience and clock in numbers the fastest. In the end, it’s all just manipulation and a game of who gets in and out first.

Arora

For more up-to-date crypto news, you can follow Crypto Data Space.

Pump.fun Overtakes Sunpump In Daily Token Creation As Tron Launchpad Activity Drops
Written by
lectertodd

Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

Sui Blockchain Faces First Major Outage: What Happened and What’s Next

Sui blockchain faces its first major outage—learn what happened, the impact on...

MicroStrategy Stock Reaches New High as Bitcoin Surges Above $98,000

MicroStrategy’s stock surged to a new all-time high as Bitcoin reached $98,000,...

Mysten Labs Resolves Sui Blockchain Outage, dApps Resume Functioning

Mysten Labs Resolves Sui Blockchain Outage, dApps Resume Functioning

Top 3 Cryptos on November 21: Qubetics Soars as Ethereum and Solana Face Resistance

Top 3 Cryptos on November 21: Qubetics Soars as Ethereum and Solana...