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.
For media enquiries, please contact [email protected].
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“The Game is On”
TAIPEI, Jan. 23, 2025 /PRNewswire/ — TiltPlay, a gaming platform offering fast-paced and engaging casual games, is proud to announce its official launch on the Soneium ecosystem. This launch positions TiltPlay as dynamic, skill-focused gaming experience to the Web3 space.
TiltPlay combines accessible gameplay with innovative technology to deliver a seamless experience across platforms, including Telegram mini-apps and web browsers. The platform’s unique approach introduces:
- Exciting Game Variety: A growing library of casual games designed to challenge and entertain.
- Skill-Based Progression: Players are rewarded for their mastery and expertise, ensuring a fair and fun competitive environment.
- Web3 Integration: Built on Soneium, providing a decentralized and secure gaming experience.
“With TiltPlay, we’re redefining mini-games by putting fun and skill at the forefront,” said Jeffrey Huang, Product Director at TiltPlay. “Our collaboration with the Soneium ecosystem allows us to deliver a platform that’s accessible, enjoyable, and innovative for all players.”
TiltPlay is now live, inviting gamers worldwide to dive into its features, test their skills, and connect with a vibrant community.
For more information about TiltPlay, visit TiltPlay.gg.
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Blockchain Press Releases
Purchasers of Quantstamp QSP Tokens May Be Eligible for Payment from the Quantstamp Fair Fund
COSTA MESA, Calif., Jan. 22, 2025 /PRNewswire/ — The following statement is being issued by Simpluris, Inc., the SEC-appointed Fund Administrator.
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
In the Matter of Quantstamp, Inc.
Administrative Proceeding File No. 3-21535
This Notice is Pursuant to a Distribution Plan approved by the United States Securities and
Exchange Commission in the captioned matter.
If you purchased or acquired Quantstamp QSP tokens from October 1, 2017, through July 20, 2023, inclusive, you may be eligible for a distribution from the Fair Fund created in the Securities and Exchange Commission (“SEC”) administrative proceeding captioned above (the “Fair Fund”).
The Fair Fund is being distributed pursuant to a Distribution Plan (the “Plan”) approved by the SEC. The Plan provides for the distribution of the Fair Fund to compensate investors based on their losses, due to the misconduct of Quantstamp, Inc. described in the SEC’s administrative proceeding, on the purchase of QSP tokens from October 1, 2017 through July 20, 2023. You can view and download a copy of the SEC’s order and the Plan on the Important Documents tab on the website for this matter: www.QuantstampFairFund.com/documents.
To be considered for eligibility for a Distribution Payment from the Fair Fund, you must timely submit a completed Claim Form online or via mail. Claim Forms completed online must be submitted on or before 11:59 p.m. Eastern Standard Time (“EST”) on April 10, 2025. Claim Forms submitted via mail must be sent to the address provided on the Claim Form and postmarked (or if not sent by U.S. Mail, received) by April 10, 2025.
You may complete the Claim Form online here: www.QuantstampFairFund.com/form/claim. Alternatively, you may download a paper copy from of the Claim Form on the Important Documents page www.QuantstampFairFund.com/documents, or request a copy of the paper Claim Form from the Fund Administrator via email at [email protected] or by calling 833-215-6101, for submission by mail to the address set forth on the Claim Form.
ADDITIONAL INFORMATION
Additional information regarding the Fair Fund, including copies of the Plan, the Plan Notice, the Claim Form, and other relevant documents may be found at www.QuantstampFairFund.com. You may request copies or seek additional information by contacting the Fund Administrator.
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Email: |
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Call: |
833-215-6101 |
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Write: |
Quantstamp Fair Fund |
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Fund Administrator |
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P.O. Box 25381 |
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Santa Ana, CA 92799 |
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The post Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users appeared first on News, Events, Advertising Options.
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