SunPump is a memecoin launchpad on the TRON network launched by Sun.io, a DeFi platform linked to Justin Sun, the founder of TRON. It enables users to create their own memecoins without requiring coding knowledge. ^[1]

Overview

SunPump was officially launched on August 13, 2024 on the TRON blockchain. The platform was developed to capitalize on the growing memecoin trend that has seen significant success on other blockchains. SunPump aims to provide TRON users with a simple way to create and launch meme tokens through an intuitive interface that requires no coding experience. ^[1]

The platform emerged as a direct competitor to Pump.Fun, which had previously established itself as a dominant memecoin launchpad on other networks. By bringing similar functionality to the TRON ecosystem, SunPump seeks to capture market share in the rapidly expanding memecoin sector while leveraging TRON's high transaction throughput and low fees. ^{[1] [10] [9]}

Key Features

SunPump offers several core features designed to make memecoin creation and trading accessible:

• No-code token creation: Users can create their own memecoins with just a few clicks without requiring any programming knowledge ^[1]
• Bonding curve mechanism: Implements a pricing mechanism where token prices increase with each purchase based on a predefined formula, aiming to ensure continuous liquidity ^[1]
• Automatic liquidity provision: When a project reaches 100% of the bonding curve for $69,420, the smart contract automatically deposits approximately 100,000 TRX and the remaining 200 million tokens into the SunSwap V2 liquidity pool ^[2]
• Flexible trading options: Allows users to sell their tokens at any time, whether to secure profits or minimize losses ^{[1] [7] [9]}

SunPump x HTX

SunPump is integrated with the TRON blockchain and HTX (formerly Huobi), creating a multi-layered interaction that connects platform transactions, token economics, and liquidity mechanisms. A 1% transaction fee on SunPump is paid in TRX and subsequently burned, reducing its circulating supply and reinforcing TRON’s deflationary model.

When SunPump's internal liquidity reaches capacity, user can trade shifts to SunSwap, a TRON-based decentralized exchange. Fees from these trades are used to repurchase and burn SUN tokens. Due to SUN's connection with HTX, this activity can also lead to indirect reductions in HTX token supply. This system establishes a feedback loop among SunPump, TRON, and HTX, aligning their economic incentives and reinforcing their interconnected ecosystems. ^[8]

Initial Success and Growth

Shortly after its launch, SunPump began attracting users and seeing the creation of new memecoins:

• Sundog (SUNDOG): One of the first tokens launched on the platform, reaching a $53.4 million market cap within just eight hours of launch, according to CoinGecko data ^[1]
• Suncat (SUNCAT): Another early token that grew to a $2.2 million market cap shortly after launching ^[1]
• Some other notable coins include:
  • Tron Bull (TBULL): Price of $0.002355 + market cap of $2.35M
  • Fofar (FOFAR): Price of $0.001433 + market cap of $1.43M
  • Tron Inu (TINU): Price of $0.001156 + market cap of $1.15M
  • Safesun (SFX): Price of $0.00004359 + market cap of $43.59K

Due to high demand, Justin Sun announced that SunPump had begun upgrading its server capacity tenfold to efficiently manage the increasing traffic on the platform ^{[3] [10]}

Tokenomics

The $SUN token functions as the governance and utility asset of the SUN.io platform, TRON’s integrated ecosystem for stablecoin swaps, liquidity mining, and decentralized governance. Following its redenomination, the SUN token was restructured to serve multiple roles, enabling holders to participate in protocol governance, access staking incentives, and benefit from value capture mechanisms within the platform. Its design parallels governance tokens like CRV (Curve DAO) and EPS (Ellipsis), supporting community-led decision-making and incentivized participation. ^{[11] [12] [13]}

Allocation

veSUN

veSUN is a vote-escrowed token obtained by locking SUN tokens for a specified duration, ranging from 26 weeks to a maximum of 4 years. All SUN tokens locked under this system are scheduled to unlock simultaneously at a user-selected expiration date. The amount of veSUN a user receives is proportional to both the number of SUN tokens locked and the remaining lock duration, with full 1:1 conversion only achieved through a 4-year lock.

Holding veSUN grants users several benefits. These include eligibility for weekly TUSD rewards, calculated from 50% of stablecoin pool fees based on veSUN holdings. veSUN holders can also boost their mining rewards in liquidity pools using a dynamic multiplier. Additionally, veSUN allows users to vote on liquidity pool weight distributions, which are determined weekly through snapshots taken every Thursday at 08:00 SGT. ^[14]

Incentive Program

To encourage adoption and growth, TRON and SunPump launched a $10 million meme-focused incentive program specifically for tokens launched on the platform ^[4]. This program aims to:

• Stimulate the creation of new memecoins on the TRON network
• Increase trading volume and liquidity for SunPump-launched tokens
• Attract users from other blockchain ecosystems to the TRON network

Risks and Considerations

• Potential for rug pulls: Malicious actors may create tokens, purchase a large portion of the supply, and then sell off their holdings once the price has been pumped by other users ^[1]
• Market volatility: Memecoins are typically subject to extreme price fluctuations
• Regulatory uncertainty: The regulatory status of memecoins and token launchpads remains unclear in many jurisdictions

Tron Network Performance

The launch of SunPump coincided with strong performance metrics for the TRON network:

• On August 5, 2024, the TRON network recorded 8 million daily transactions, marking a new year-to-date high ^[5]
• The price of TRX, TRON's native cryptocurrency, showed stability during this period, trading at approximately $0.13 as of mid-August 2024 ^[6]