WUKONG Meme Coin Explodes as Justin Sun Fuels Tron Frenzy

By admin On Aug 21, 2024

Tron meme coins have become the latest craze in the crypto market, fueled by a recent trend introduced by the controversial industry figure Justin Sun.

The Tron blockchain only recently joined the meme coin frenzy with the launch of SunPump, a platform created to challenge Solana’s dominance.

Tron Meme Coins Go Parabolic

WUKONG surged nearly 1,300% in last 24 hours, joining the list of Tron meme coins going parabolic following Sundog’s rise. Unlike other meme coins driven by the Justin Sun frenzy, WUKONG gained momentum from Black Myth: Wukong. The game is touted as China’s most ambitious attempt at creating a blockbuster video game. It attracted over a million players within hours of its release.

This swift ascent could cement WUKONG’s place in the growing lore of meme coins. In a related move, Tron founder Justin Sun updated his profile picture on X (formerly Twitter) to WUKONG character.

WUKONG Price. Source: Dextoolshttps://www.dextools.io/app/ru/token/sunwukong?t=1724242435112

However, experts urge caution around WUKONG, pointing to the prevalence of scam tokens in the meme coin sector.

“Sun Wukong is a rugger who recycles their Twitter after each scam,” one X user shared.

Despite concerns, some traders are already capitalizing on the latest trend. Blockchain analytics firm Arkham Intelligence found out that one trader turned $1,690 of SUNDOG into $20 million in just six days — a staggering profit of nearly 12,000X in less than a week.

“TT4S5 was one of the earliest SUNDOG buyers and purchased 104.33 million tokens for $1,690. They currently hold $19.52 million of SUNDOG across 7 addresses, and also sent $1.08 million SUNDOG to exchanges — for a total profit of $20.60 million,” Arkham reported.

Justin Sun sparked the frenzy with the launch of SunPump, a platform built to generate meme coins on Tron. Sun believes this momentum will persist, highlighting Tron’s key advantages over competing networks, such as its extensive liquidity pool and growing user base.

“For me, when it comes to the whole “Why TRON, why SunPumpMeme?” thing, the biggest flex is that $60 billion in TRON USDT. No other blockchain protocol has a liquidity pool this massive. Meme coin platforms live and die by liquidity, and TRON’s got it in spades,” Sun noted.

According to Sun, Tron holders are eager to invest in new and exciting meme coins. He attributes this interest to developers and traders seeking a platform with substantial stablecoin liquidity. As reported by BeInCrypto, Tron has seen strong demand for stablecoins, with the network actively replenishing its inventory to support this trend.

Additionally, Tron’s fast and cost-effective transactions, along with features like native MEV protection, make it an appealing choice. With the growing interest in Tron meme coins, the blockchain’s SunPump platform is already challenging Solana’s dominance. Notably, SunPump has directly competed with Solana’s Pump.fun platform, generating over $1.1 million in revenue within just 11 days of its launch.

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