Meme players must see, how to ambush the next potential project that could increase a thousand times overnight

Industry Express
2024-09-02 10:41:40
Collection
This article will explore the potential of meme coins and how to seize high-return projects.

Recently, the cryptocurrency market has shown signs of recovery, but the profitability remains poor, with few able to achieve ideal returns. However, the Meme concept has stood out with its unique expressiveness, becoming the most sought-after sector in the current market. This article will explore the potential of Meme coins and how to seize high-return projects.

The Performance of Meme Coins Outperforms Other Crypto Assets

Data shows that the craze for Meme coins has been exceptionally hot recently, with some projects even achieving hundreds of times in gains within a day. The main reason behind this phenomenon lies in the community-driven nature and cultural penetration of Meme coins. Investors are often attracted by the stories and entertainment value behind these coins, along with the volatile price movements that traditional crypto assets cannot provide.

On August 12, Sun.io launched the Meme launch platform SunPump, which garnered market attention within a week. Its leading project, Sundog (a Meme coin based on the TRON blockchain), has seen its market cap exceed $200 million from a starting point of zero. Aside from Meme coins, there are hardly any other coins in the market that have increased by more than 50% during the same period.

Apart from SUNDOG, other Meme projects like SUNCAT, SUNWUKONG, DRGN, and IVFUN have also seen gains exceeding a hundred times after their launch, proving the immense wealth effect of SunPump. As the landscape of Memecoins continues to evolve, millions of new coins are emerging. Below are the top ten Meme coins launched on SunPump, ranked by market cap:

The emergence of Meme coins has brought new wealth expectations for retail investors. Traditional crypto assets like BTC and ETH continue to languish, while Meme coins attract a large number of retail investors due to their low prices and high volatility. These investors hope to realize their dreams of overnight wealth by getting in early on small-cap Meme coins.

On August 20, on-chain analysis platform Arkham Intelligence revealed in a post that the trader with the address "TT4S5" made a profit of $20.6 million in just six days. This trader purchased 104.33 million SUNDOG tokens for $16,900. After a significant price surge, the trader's holdings across seven wallets have ballooned to $19.52 million.

Another trader made $750,000 after purchasing $1,000 worth of "SunWukong," as the price of this Meme coin surged dramatically after TRON founder Justin Sun changed his X avatar to Sun Wukong.

SunPump's Performance Outperforms Meme Launchpads

According to Dune Analytics data, from March 1 to now, the Meme launch platform Pump.Fun in the Solana ecosystem has generated approximately $99.74 million. However, with Justin Sun announcing that TRON will support the first fair launch trading Meme coin platform SunPump within its ecosystem, the Memecoin frenzy has entered its second half.

According to Lookonchain data, on August 22, SunPump surpassed the previously popular Pump.fun in multiple metrics, including trading volume.

Justin Sun emphasized that although they are still in the early stages of the Meme coin sector, TRON has adopted a long-term approach, focusing on gradually developing a solid infrastructure and continuously improving user experience to accommodate all users.

"TRON supports a three-layer architecture. The first layer is the widely recognized stablecoin payment layer. As a leading stablecoin payment platform, TRON surpasses Ethereum and Solana in daily revenue. The second layer is the DeFi layer, providing relatively stable returns. The third layer, SunPump, is essentially a product of mature DeFi and blockchain performance, focusing on high-risk, high-return investment opportunities."

Justin Sun stated that SunPump is positioned to compete directly with other Meme coins on Solana and has several advantages:

  • Strong Team: The SunPump team has conducted extensive research on the Meme market, understanding current investor needs while accurately predicting potential user groups. Their deep understanding of Memes ensures the provision of top-notch products.
  • Liquidity Support: TRON has issued over $60 billion in stablecoins, with more than 2 million daily active users, significantly outperforming Solana. The high trading volume of USDT and TRON's large user base provide substantial liquidity for the Meme market on TRON.
  • Community Support: SunPump benefits from strong community support, especially from communities in Asia, providing a solid user base.

As more tokens are launched on SunPump, the number of active addresses on TRON reached 1.9 million in August, while the number of active addresses on Solana was only 1.09 million.

The increase in on-chain activity has also led to TRON's fees reaching a record high of $3.21 million in the past, nearly 100% higher than the normal average level, and the price of TRX has also surged.

How to Use Tools to Target Potential Meme Coins

SunPump has currently established partnerships with several well-known market platforms and tools, including Dextool, Ave.ai, Dexscreen, GMGN.AI, etc. The integration of these tools provides users with more comprehensive and timely market information, making it easier to discover potential coins.

1. Ave.ai

The platform updates new hotspots quickly, and SunPump is already featured on the homepage along with a dedicated section for detailed metrics. It also supports inputting contracts to view the price trends of SunPump tokens. Users can filter based on the hottest, highest trading volume, and largest buy orders over different time periods.

2. Dextool

SunPump is now integrated into Dextool, allowing users to track newly launched Meme tokens on SunPump and making it more convenient to observe price trends.

  1. GMGN.AI

GMGN is a tool website that combines charting and on-chain asset dashboards, and it currently supports the SunPump platform.

There are also some commonly used bots on SunPump:

(1) Monitor influential users tweeting SunPump links:

++https://t.me/+Ff1coEzyIbYyYTg1++

(2) Fast and convenient trading BOT on SunPump:

++https://t.me/nfdTrontrade_bot?start=3lPxtjqEXgeo++

(3) SunPump trading Bot that automatically replenishes energy to save gas fees:

++https://t.me/Trontradingbot?start=invite_ed2f8c28b05649459169a502a8b163a0++

Just a couple of days ago, SunPump officially launched a new feature called Sunflare: Illuminate the Peak, which aims to highlight the latest Meme tokens that have reached 80% of the combined curve progress, showcasing these tokens on the SunPump homepage.

SunPump currently maintains a daily launch volume of over 4,000, and opportunities are right in front of you; it all depends on how quickly you act.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
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