In summary
- Solana-based meme coin factory Pump.fun has regained a key statistical lead over SunPump, nearly two weeks after Tron’s new token launchpad surpassed Pump.fun in daily coins created.
- On August 21, SunPump created 1,658 more tokens than Pump.fun in a 24-hour period, but this dominance was short-lived. On Wednesday, SunPump created only 1,258 tokens, dropping 83% from the 7,531 tokens created just two weeks earlier.
- SunPump’s metrics are declining faster than Pump.fun’s, with Tron Launchpad’s daily active traders falling from 29,099 on Aug. 21 to 6,816 as of Wednesday, a 76.5% decline.
Solana-based meme coin factory Pump.fun has regained a key statistical lead over SunPump, nearly two weeks after Tron’s new token launchpad surpassed Pump.fun in daily coins created.
On August 21, SunPump created 1,658 more tokens than Pump.fun in a 24-hour period. But this dominance in token creation was short-lived. On Wednesday, SunPump created just 1,258 tokens, dropping 83% from the 7,531 tokens created just two weeks earlier, according to data from Dune.
This decline can also be seen in the Tron Launchpad’s daily active traders, which have fallen from 29,099 on August 21 to 6,816 as of Wednesday, a 76.5% decline.
It’s not so much that Pump.fun is rapidly gaining ground on SunPump in terms of tokens created, but rather that SunPump’s metrics are declining faster than Solana’s meme factory.
During the peak of SunPump’s popularity, Pump.fun launched 6,941 tokens and in the last 24 hours, as its Tron competitor has fallen, the Solana launchpad created only 5,824 tokens.
With SunPump falling to statistical lows not seen since the protocol’s first week, Tron founder Justin Sun posted a tweet claiming that “celebrity season” is coming to the web.
Earlier this year, a number of celebrity meme coins were launched on Solana’s Pump.fun, many of which were launched by Cryptocurrency promoter Sahil Arora, including tokens for Caitlyn Jenner, R&B singer Jason Derulo, rapper Lil Pump, and many more.
When asked if he is working with Sun for Tron’s upcoming “celebrity season,” Arora sent out multiple examples of other times he claimed to have worked with the network, adding, “dig deeper, it’s all there.”
The cryptocurrency promoter claimed to have been responsible for getting actress Lindsay Lohan, R&B singer NeYo and internet star Jake Paul to promote Tron on social media in 2021.
Arora also claimed that his team contacted tech YouTuber Marques Brownlee, who subsequently exposed the scheme in a YouTube video. Both Brownlee and later the SEC claimed that the celebrities failed to disclose that the posts were paid promotions.
Tron did not immediately respond to Decrypt’s request for comment.
“In an attempt to attract more volume and attention, it’s easier for founders to turn to celebrities,” Arora told Decrypt, after being informed that these details would be published. He added that, “Whether celebrities are glorified or disparaged, there’s no denying that they can attract a much larger instant audience and generate numbers quickly. In the end, it’s all just manipulation and a game of who’s in and out first.”
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