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Is SunPump Losing Steam? Onchain Metrics Shows Major Drop
The post Is SunPump Losing Steam? Onchain Metrics Shows Major Drop appeared on BitcoinEthereumNews.com. The excitement surrounding Tron blockchain’s meme coin launchpad, SunPump, seems to be waning after weeks of mainstream attention, despite ongoing efforts from Tron founder Justin Sun. SunPump’s debut marked the start of market competition with Solana blockchain’s Pump.fun, as both platforms aim to dominate the meme coin launchpad space. SunPump Platform’s Glory Days Fade After making headlines throughout August with key milestones, developments, and token launches, SunPump’s momentum appears to be fading. Dune Analytics data shows that Solana’s Pump.fun has deployed more than six times the number of tokens compared to SunPump in the last 24 hours. Additionally, Pump.fun’s revenue is nearly eight times higher than SunPump’s during the same period. Solana’s launchpad also outperformed in terms of new and active addresses, with 29,873 and 59,331, respectively, compared to SunPump’s 2,134 and 6,538. These figures suggest Pump.fun is regaining its dominance as the hype around SunPump diminishes. Read more: What Is TRON (TRX) and How Does It Work? SunPump vs. Pump.fun. Source: Dune Analytics BeInCrypto reported several key achievements for SunPump, including fee cuts and Tron’s implementation of a 100% buyback and burn process. These milestones, supported by Justin Sun’s bullish commentary, kept the platform in the spotlight among meme coin traders and enthusiasts. However, the outlook is shifting. Santiment data shows a significant decline in Tron’s (TRX) metrics, with a 70% drop in TRX social dominance and an 83% drop in TRX social volume since August 21, indicating waning interest in the platform. Tron (TRX) Social Volume and Dominance. Source: Santiment In a recent development, Sun hinted at a potential collaboration with Australian rapper Iggy Azalea. The speculation followed a post by BullBnB, which encouraged a partnership between the two. “I think Iggy Azalea and Justin Sun should join forces. She is the only celeb working hard for her meme.…
The post Is SunPump Losing Steam? Onchain Metrics Shows Major Drop appeared on BitcoinEthereumNews.com.
The excitement surrounding Tron blockchain’s meme coin launchpad, SunPump, seems to be waning after weeks of mainstream attention, despite ongoing efforts from Tron founder Justin Sun. SunPump’s debut marked the start of market competition with Solana blockchain’s Pump.fun, as both platforms aim to dominate the meme coin launchpad space. SunPump Platform’s Glory Days Fade After making headlines throughout August with key milestones, developments, and token launches, SunPump’s momentum appears to be fading. Dune Analytics data shows that Solana’s Pump.fun has deployed more than six times the number of tokens compared to SunPump in the last 24 hours. Additionally, Pump.fun’s revenue is nearly eight times higher than SunPump’s during the same period. Solana’s launchpad also outperformed in terms of new and active addresses, with 29,873 and 59,331, respectively, compared to SunPump’s 2,134 and 6,538. These figures suggest Pump.fun is regaining its dominance as the hype around SunPump diminishes. Read more: What Is TRON (TRX) and How Does It Work? SunPump vs. Pump.fun. Source: Dune Analytics BeInCrypto reported several key achievements for SunPump, including fee cuts and Tron’s implementation of a 100% buyback and burn process. These milestones, supported by Justin Sun’s bullish commentary, kept the platform in the spotlight among meme coin traders and enthusiasts. However, the outlook is shifting. Santiment data shows a significant decline in Tron’s (TRX) metrics, with a 70% drop in TRX social dominance and an 83% drop in TRX social volume since August 21, indicating waning interest in the platform. Tron (TRX) Social Volume and Dominance. Source: Santiment In a recent development, Sun hinted at a potential collaboration with Australian rapper Iggy Azalea. The speculation followed a post by BullBnB, which encouraged a partnership between the two. “I think Iggy Azalea and Justin Sun should join forces. She is the only celeb working hard for her meme.…
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