A newly launched meme coin, SunPump based on the Tron blockchain surpassed the Solana-based meme coin, PumpFun in daily activity and revenue. The SunPump meme coin generated 59% more income in the last 24 hours.

On August 21, Adam Tech, a blockchain researcher, posted on X, telling his audience that in the last 24 hours, new tokens were created on the Tron Network, and revenue surpassed the competitive token Pump.fun.

Analyzing the data of the Dune, it can be concluded that during the initial phase, the total tokens of SunPump that were supplied were 7,53, and the total income in this phase was above $585,000. The number of newly generated tokens by Pump.fun was recorded at 6,701, and the revenue generated by these tokens is recorded at $366,000.

The latest upturn occurred only 12 days after August 9 when the SunPump trading platform was launched. It has since produced revenues of over $1. 5 million in revenue, and has now seen the issuance of over 25k new memecoins.

The early success of SunPump isn’t by chance 

Several memecoins listed on SunPump have risen to extreme highs in terms of their value. A trader took a $1,000 shot and reached as much as $750,000 on a token, SunWukong. Other memecoins, such as Shiba Inu’s memecoin, SunDog, have seen highs of $270 million.

The creation of SunPump on the Tron network created a spark in the meme community, by generating $3.48 million in funds in just 24 hours of trading, as per DefiLiama data.

Aside from the new memecoin deployer, there is an inflow of liquidity to the Tron ecosystem where $10 million has been provided by Justin Sun, the founder of Tron through a MEME Ecosystem Boost Incentive Program.

Sun retained its bullish momentum and emerged as a famous memecoin, however, some analysts say that this success is not by chance.