Tron founder Justin Sun had earlier introduced the new SunPump platform designed to facilitate the creation of meme tokens within the Tron blockchain. And in an August 17th update, he announced the addition of 1 billion energy to address energy exhaustion concerns.
.@sunpumpmeme The main reason for the failed launch after maxing the bonding curve was the energy running out. We’ve added another 1 billion energy! The sorting and filtering feature will go live within two hours, by 2 PM SGT today! No lagging issues will occur!
— H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 17, 2024
On August 16, Sun shared an X post announcing the SunPump 888 TRX Airdrop event, urging his community members to participate in the program. The new meme token platform on Tron is expected to compete with Solana’s pump.fun.
It is noteworthy that the meme coins, which began as a joke, have become an integral part of the crypto industry. While top meme coins like PEPE, SHIB, DOGE, WIF, and FLOKI remain influential in the market, about 40,000 new tokens are created daily. As platforms like pump.fun receive criticism for facilitating rug pulls, Tron claims to have come up with a solution.
In an interview, Sun asserted that SunPump addresses security and transparency concerns with new meme coin creation techniques. He added that the platform would sort out meme token creators according to specific integrity standards to ensure safety.
However, Sun’s recent X post revealed that the platform’s launch encountered some issues, particularly due to energy limitations. To resolve this, the Tron blockchain added more energy, ensuring that the sorting and filtering feature will be launched by 2 p.m. (SGT).
In addition, Sun and the Tron ecosystem have launched a $10 million Meme Ecosystem Boost Incentive Program for the meme tokens launched on the platform. The project intends to bring more resources and support to the platform.
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