Editing SunPump

**SunPump** is a memecoin launchpad on the Tron blockchain, backed by Tron founder [[Justin Sun]] and modelled on [[Solana]]'s [[pump.fun]], that launched on 9 August 2024.[^1][^2]

## How it works
Users pick a name, image and theme and issue a token for a few dollars. A token that reaches a market value of $69,420 is listed automatically on a decentralized exchange, against $60,000 on pump.fun at the time.[^2] Graduated tokens list on SunSwap.[^3] On 22 August 2024 SunPump cut its trading fee from 1% to a flat 0.76 TRX, about one cent.[^2]

## History
SunPump took more than $1.1 million in revenue in its first 11 days, with over 18,000 memecoins made; its biggest day, 20 August, brought almost 2.78 million TRX (about $400,000) and over 6,000 coins.[^1] On 21 August Decrypt counted 7,352 tokens made on SunPump in 24 hours against 5,694 on pump.fun, and 1.98% of SunPump tokens had graduated to SunSwap that day against 1.26% of pump.fun tokens reaching [[Raydium]].[^3] Justin Sun said the "meme strategy" could bring Tron over $4 billion in revenue within 12 months, Tron recorded $3.48 million in revenue over two days, and Arkham tracked a trader who turned $1,690 into about $20 million of the token SUNDOG in six days.[^2]

The surge faded within weeks: by 10 September SunPump was making fewer than 1,000 coins a day, against 6,993 on pump.fun in a single day, and TRX had dropped out of the top 10 by market value.[^4]

## Timeline
- 2024-08-09: SunPump launches[^1]
- 2024-08-20: record day, over 6,000 coins created[^1]
- 2024-08-21: SunPump out-launches pump.fun in daily tokens[^3]
- 2024-08-22: trading fee cut to 0.76 TRX[^2]
- 2024-09-10: Decrypt reports daily launches below 1,000[^4]

## See also
- [[LetsBonk]]
- [[Fomo]]
- [[Jupiter]]
- [[Meteora]]
- [[Hyperliquid]]
- [[Launch Coin]]
- [[Alon Cohen]]
- [[Ben Chow]]

## References
1. [Tron memecoin deployer 'SunPump' tops $1M in revenue 11 days after launch](https://cointelegraph.com/news/memecoin-deployer-sunpump-1m-revenue-days-after-launch), Cointelegraph, 2024-08-21
2. [Memecoin Frenzy Reaches Tron as Justin Sun-Backed SunPump Rakes in Big Bucks](https://www.coindesk.com/markets/2024/08/22/memecoin-frenzy-reaches-tron-as-justin-sun-backed-sunpump-rakes-in-big-bucks), CoinDesk, 2024-08-22
3. [SunPump Flips Pump.Fun in Daily Meme Coins as Traders Shift to Tron](https://decrypt.co/245842/sunpump-flips-pump-fun-daily-meme-coins-tron), Decrypt, 2024-08-21
4. [Tron Token TRX Slips as Meme Coin Traders Lose Interest in SunPump](https://decrypt.co/248703/tron-token-trx-slips-as-meme-coin-traders-lose-interest-in-sunpump), Decrypt, 2024-09-10