Justin Sun tries to revive memes on TRON (TRX), sparks a wave of new token launches

Source Cryptopolitan

Justin Sun, the founder of TRON (TRX), is once again trying to draw attention to his network. Sun announced a renewal of a TRON meme season, leading to a spike in new token launches. 

Justin Sun attempted to drive a reboot of the meme season on TRON (TRX). The SunPump platform saw a spike in daily launches, with 112 new tokens created. The TRON network aims to repeat the success of the BNB Smart Chain, which quickly turned into the new meme hub after Solana’s slowing numbers. 

Sun’s statement on a new TRON season with a focus on memes is yet to tap the user base. The last few days have shown there is still demand for a reliable meme token launchpad, which produces enough cheap tokens to find the next big meme. SunPump achieved over 100 daily token launches for the first time in four months. 

At its peak, SunPump produced 7,531 tokens in a single day in August 2024. The new meme platform awaited for the slump in Pump.fun activity to try and compete. After that, for months the launchpad saw extremely low volumes of new token creation. 

Justin Sun tries to revive memes on TRON (TRX), sparks a wave of new token launches.
SunPump had its most active day in four months, though still far from its peak activity in August 2024. | Source: Tronscan

TRON has only achieved around 95K meme tokens, which trade in a different ecosystem from other crypto assets. SunPump attempted to compete with Pump.fun, but token launches remained slower. The platform produced SunDog, which remained the main meme on the TRON ecosystem. 

SunPump is still far from the levels of the Pump.fun platform. Even after slowing down, the Solana launchpad has over 25K new tokens launched every day, while achieving fees of over $3M on more active days.

TRON to offer free meme trading, exchange listings

The TRON ecosystem aims to copy the model of Binance, where the native token launchpad also offers a path to centralized listings and higher liquidity. 

One of the boosts to meme token activity is the recently added zero-fee trading for TRX and meme assets. New traders can access the space with virtually free trades, encouraging more active meme testing. The new low-fee offer follows Binance’s example of setting zero fees for decentralized swaps until September 17. 

Additionally, the SunPump tokens may have a pathway for listing on the HTX exchange. HTX Global, formerly Huobi, also announced its readiness to integrate the newly launched memes. 

The TRON meme space is already attracting whale traders and snipers. One whale bought the newly launched SZN token, trading up to a gain of over $510K. The trader only spent 3,600 TRX, or $809 to buy the token. The new series of launches and hype may produce similar stories of fast trading, but they are still creating a competitive space, where most token buyers will end up losing money.

New launches are also less transparent compared to other networks. Meme tokens are still at risk for insider holders, or for rug pulls performed by the developers.

TRX rallies ahead of the market

TRX has remained one of the more stable assets, rising to $0.23 in the past day. However, it is still early to mark a TRON season. TRX demand may increase, as the token will be key for betting on new meme assets.

One of the reasons is that TRON is a widely used network, with peak activity coming from stablecoin transfers. However, the chain’s mindshare remains small, as the market focused on projects originating in the USA. 

Currently, Google searches for TRON and TRX remain flat, reflecting limited organic interest. TRX is a fixture in crypto trading, used for its liquidity and slow growth due to token burns. At the same time, the TRON network no longer excites enthusiasm. 

The SunPump app was one of the factors that boosted TRON’s mindshare in the past. Currently, the project’s founder single-handedly tries to use his influence to drive more attention to TRON. The chain’s main feature is ease of access and extremely low fees for basic token transactions.

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