Blockchain Press Releases
Justin Sun and Crypto Influencers Share Insights on SunPump’s Rise and Future: Positioned to Reshape the Meme Market
SINGAPORE, Aug. 27, 2024 /PRNewswire/ — SunPump has garnered significant market attention within just ten days of its debut. The market cap of its flagship project, Sundog, a meme coin built on TRON, has surpassed $200 million. The platform now boasts 20,000 daily active users, the popularity of which is rapidly increasing and is on track to catch up with Pump.fun.
From August 20 to 22, Justin Sun, founder of TRON and a member of the HTX Global Advisory Board, engaged in in-depth discussions with leading crypto influencers and representatives from meme projects including SunDog, SunCat, Sunwukong, FOFAR, and SunRats in X Space. They discussed the future of SunPump and the potential of the meme sector.
SunPump’s Role in the Crypto Space—High Risk, High Reward
Justin Sun had been vigorously promoting SunPump through social media channels. During a recent X Space discussion, he offered a clearer perspective on how SunPump integrates into the broader cryptocurrency ecosystem.
“TRON supports a three-layer architecture. The first is the widely recognized stablecoin payment tier. As a leading stablecoin payment platform, TRON surpasses both Ethereum and Solana in daily revenue. The second is the DeFi layer, which provides relatively stable yields. The third, SunPump, is essentially a product of the maturity of DeFi and blockchain performance, focusing on high-risk, high-reward investment opportunities.”
Justin Sun highlighted that the meme coin sector remains in its infancy, with many promising projects undervalued. TRON adopts a long-term approach, concentrating on the gradual development of a solid infrastructure and the continuous improvement of user experience to accommodate all users.
Regarding the rivalry with Pump.fun on Solana, Justin Sun stated that SunPump is well-equipped to engage in a direct showdown.
Firstly, an excellent team. The SunPump team has carried out extensive research into the meme market, thoroughly analyzing the needs and preferences of current meme investors while accurately predicting the potential user base. Their profound understanding of memes ensures they deliver top-notch products. Furthermore, The teams behind top meme projects demonstrate strong technical prowess and impressive innovation capabilities.
Secondly, the liquidity support. With over $60 billion in stablecoins issued and more than 2 million daily active users, TRON significantly outperforms Solana. The high trading volume of USDT and TRON’s large user base provide substantial liquidity for the meme market on TRON.
Thirdly, the community support. SunPump has benefited from strong community support, particularly from Asia, which has given it a solid user base.
Lastly, the commitment to enhancing infrastructure. SunPump has established partnerships with prominent crypto companies, including DWF Labs, and anticipates further collaboration with additional ecosystem builders in the future. The platform is eager to engage with more communities and partners to drive the global expansion of SunPump.
Next Moves for SunPump: Enhancing User Experience, Project Quality, and Market Cap
With the meme coin sector heating up and competition becoming more intense, users are increasingly concerned about how SunPump will keep its popularity.
Justin Sun revealed SunPump’s follow-up plans: (1) Improving user experience. This involves improving the trading experience, reducing transaction fees, and increasing platform exposure. (2) Attracting more high-quality projects. SunPump aims to bring more premium meme projects to TRON, which will inject vitality into the platform and contribute to its market capitalization growth. Currently, SunPump is valued at $1.1 billion. (3) Boosting market caps of projects. SunPump will support high-quality projects with the necessary funding, technological support, and resources to boost their market capitalization. A notable increase in market cap signifies a project’s strength and recognition. Achieving a market cap of over $1 million signifies that a meme coin has successfully moved beyond the incubation stage.
Justin Sun highlighted that trust and reputation are crucial for the success of meme coins rooted in culture and consensus. He expects that, with the right approach, meme projects on TRON could achieve a market cap of $1 billion in the future.
Witnessing the Golden Age of meme coins While Avoiding Rug Pulls
Many public blockchains use their flagship meme coins to attract attention and liquidity to their ecosystems. However, with the meme market having thrived for months, it requires courage and extensive planning to develop a new platform for issuing and trading meme coins.
Lovely, a special guest on Space, has pointed out that Poloniex and HTX are both paying close attention to meme coins, because they’re less reliant on Bitcoin’s market performance, making them good investment targets to weather the bull and bear markets.
“Unlike the previous two bull markets, this one has seen a more dispersed market capitalization for meme coins. Many small-scale projects have proven to be highly profitable. Concurrently, the duration for which meme coin market capitalization has exceeded $50 billion has been prolonged, indicating a more stable and enduring meme market. As the overall cryptocurrency market continues to expand, meme coin market capitalization is expected to exhibit a similar growth trend. Besides, the notable increase in the growth multiples of meme coin market capitalization not only underscores the strong profitability of meme coin issuances but also suggests that there may be even greater profit potential in the future. Therefore, the next 2-3 years are anticipated to remain a golden age for meme coins. “
Lovely stated that SunPump has fueled and tracked the industry’s development. Meanwhile, Poloniex and HTX will offer more accessible market-making and monitoring tools to provide enhanced one-stop support services for meme projects.
Josephine, the head of SunPump, stated that TRON and SunPump are committed to fully supporting outstanding meme projects in terms of funding, traffic, and technology. However, given the prevalence of rug pulls in the meme market, they will implement rigorous audits and investigations to ensure maximum protection of user assets. Josephine also noted that, given the relatively small scale and early stage of both the TRON meme ecosystem and SunPump compared to Ethereum and Solana, this is an optimal time to enter. Keeping a close eye on new projects launching on SunPump could be the key to discovering the next big wealth opportunity.
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Blockchain Press Releases
Bybit’s CEO Meets with Vietnam’s Minister of Finance to Support Regulatory Sandbox and Strengthen Crypto Compliance
DUBAI, UAE, April 19, 2025 /PRNewswire/ — Ben Zhou, Co-founder and CEO of Bybit, one of the world’s second-largest cryptocurrency exchanges by trading volume, met with H.E. Nguyen Van Thang, Minister of Finance of Vietnam, to express Bybit’s strong support for the country’s regulatory sandbox initiative and its vision to build a safe, transparent, and innovation-friendly digital asset ecosystem.
Hosted at the Ministry of Finance headquarters, the meeting centered on Vietnam’s efforts to establish a comprehensive legal framework for crypto assets. Minister Nguyen Van Thang outlined the Government’s plan to launch a pilot sandbox mechanism that will allow regulators to test the issuance and trading of crypto assets in a controlled environment. This initiative is designed to mitigate risks, strengthen investor protection, and ensure regulatory readiness before introducing official legislation.
A key part of the discussion focused on safeguarding the market against illicit activities. The Minister emphasized the importance of robust compliance frameworks, including Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols, to prevent the misuse of digital assets and support the country’s financial security.
In response, Ben Zhou welcomed Vietnam’s measured and responsible approach to digital asset regulation and reiterated Bybit’s long-standing commitment to compliance:
“Vietnam’s forward-thinking regulatory sandbox is a critical step toward unlocking the full potential of blockchain technology. At Bybit, we are fully aligned with the Government’s focus on investor protection and financial integrity,” said Ben Zhou, Co-founder and CEO of Bybit. “We are proud to share our expertise in KYC, AML, and global compliance standards, and we look forward to supporting Vietnam in building a resilient, secure, and dynamic crypto economy.”
Bybit expressed its readiness to collaborate with Vietnamese authorities on several fronts, including system architecture design, transaction oversight, and the implementation of international best practices in AML/KYC. The exchange also proposed support in capacity building, such as training financial regulators and sharing experiences from other jurisdictions.
Minister Nguyen Van Thang welcomed Bybit’s proactive approach and assigned the State Securities Commission to coordinate with Bybit on concrete proposals. He also commended Bybit’s reputation for strong financial capabilities, technological resilience, and its adherence to legal and regulatory requirements in the markets where it operates.
This meeting underscores Bybit’s growing role as a trusted international partner for regulatory dialogue and innovation. It also highlights Vietnam’s readiness to embrace blockchain technology while ensuring financial safety and public confidence in the digital asset space.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press.
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DUBAI, UAE, April 18, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is making waves with its latest trading showdown: Crypto Surf: Ride the Waves with Trailing Stops. This high-octane competition invites traders to rally behind either copy trading or trading bots, battling it out for their share of a prize pool worth up to $250,000 in USDT.
Running from April 18 to May 19, 2025, at 12 a.m. UTC, the event introduces a squad-based structure where users choose their camp, trade strategically, and compete across PnL, ROI and trading volume leaderboards. With a dynamic reward structure, participants can also win by predicting which squad will come out on top.
Prize Pool Distribution Highlights:
- 40% to the champion squad
- 30% to the runner-up
- 25% to the top 100 individual traders by volume
- 5% to users who correctly predict the winning squad
The event brings together the best of both worlds: the strategic finesse of copy trading and the automated power of trading bots. It celebrates innovation, user choice, and the thrill of crypto trading.
Participants must hold a minimum wallet balance of $1,000 in USDT, generate at least $10,000 in squad volume, and complete identity verification Level 1 to qualify. Users can only register for one squad and vote once to predict the winner. Rewards will be distributed within 14 business days of the event’s completion.
The total prize pool will scale in line with event volume milestones, starting at $1.2 billion and unlocking up to $2 billion in traded volume for the full $250,000 in USDT.
Bybit continues to redefine the competitive trading landscape – bringing fun, strategy and serious rewards to its global community.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Blockchain Press Releases
Tomorrowland Brasil 2025 General Sale in Full Swing — Exclusive Cashback for Bybit Cardholders
DUBAI, UAE, April 18, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, highlights that general ticket sales for Tomorrowland Brasil 2025 are currently ongoing, with exclusive benefit available to Bybit Card and Bybit Pay eligible users such as 20% cashback.
The Bybit Card is designed for global use and supports both fiat currencies—ARS, BRL, EUR, USD—and a wide selection of cryptocurrencies. Integrated with Apple Pay, Google Pay, and Samsung Pay, it offers users up to 10% cashback on everyday purchases, 8% APR through Auto-Savings, free worldwide delivery, and $100 in monthly ATM withdrawals at no cost—without any annual fees.
Returning to the vibrant setting of Parque Maeda in Itu, São Paulo, Tomorrowland Brasil 2025 will take place from October 12 to 14, promising three days of music, imagination, and cultural exchange. Famed for its theatrical stages, global audience, and meticulously curated lineup, Tomorrowland is more than a festival—it’s a world of its own. With each edition, it transforms into a breathtaking playground of light, sound, and storytelling, drawing music lovers from over 100 countries to celebrate unity through electronic music.
This year’s Brazilian edition will feature performances from some of the world’s most sought-after artists, including David Guetta, Armin van Buuren, Vintage Culture, Mind Against, Steve Aoki, James Hype, Alesso, Nervo, and I Hate Models. Special acts include Alok’s “Something Else” concept, ANNA b2b Vintage Culture, and a powerful b2b set from Matisse & Sadko and Third Party. With more names still to be revealed, the event is shaping up to be one of the strongest editions yet.
“Tomorrowland Brasil is one of those rare experiences that transcends music—it creates lasting memories and connects people from every walk of life,” said Joan Han, Head of Payment business unit at Bybit. “We’re proud to support this global celebration by offering our users exclusive benefits that make it easier to be part of something truly unforgettable.”
Tomorrowland Brasil continues to be a beacon of creativity, community, and connection, standing at the intersection of music, technology, and art.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
About TOMORROWLAND BRASIL
Tomorrowland Brasil 2025 will take place on October 10-12 in the beautiful festival area of Parque Maeda in Itu, a municipality in São Paulo. The festival will revolve around the mesmerizing ‘LIFE’ theme, set against the backdrop of Brazil’s enchanting natural beauty. A story set in the mythical realm of Silvyra, it’s a world unto its own, filled with creatures, plant life, and people living in harmony, each with their own stories, with the diversity of Silvyra’s lush nature represented in the spectacular ‘LIFE’ Mainstage. Offering the ultimate escape from the city during three days of bliss, guests will be treated to breathtaking performances by more than 150 of the world’s finest electronic artists across 6 mesmerizing stages.
The first two festival editions of Tomorrowland Brasil took place in 2015 and 2016 in the beautiful festival area of Parque Maeda in Itu, São Paulo. After years of dreaming of a return, Tomorrowland finally headed back to Brazil in 2023, becoming a yearly highlight once again.
Tomorrowland Brasil 2025
October 10-12, 2025
Parque Maeda, Itu
brasil.tomorrowland.com
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