Meme Coins Have Become A Key Component of The Recent Crypto Bull Market

    NEW YORK, NY, August 29, 2024 /24-7PressRelease/ -- Latest highlights:

-Sun.io, the DeFi platform associated with Tron founder Justin Sun, has released a token generator

-The New platform will rival Solana

-$10 million has been set aside to provide resources to newly issued tokens and a review process put in place

Sun.io, the decentralized finance (DeFi) protocol associated with Tron founder Justin Sun, has released Sun Pump, a platform that allows users to create meme coins on the Tron blockchain.

Meme coins have become a key part of the recent bull market despite often being issued as a joke. Several have surpassed the $1 billion market cap. A key criticism is that it's a cheap way for bad actors to create a coin that doesn't last once investors add value to it.

But the Sun team is committed to a review process for their meme coins. They partnered with Poloniex crypto exchange to maintain $1 million projects in daily trading volume for three days before it is eligible to be listed.

Tron and Sun Pump are also putting $10 million together to create the Meme Ecosystem Boost incentive Program, designed to provide resources for newly launched tokens.

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