MUNCAT, a newly launched meme coin based on the Tron blockchain, has jumped 70% over the past day, making it the top gainer in the crypto market. The surge is attributed to its recent listings on major crypto exchanges and bullish network activity.
At the time of writing, MUNCAT (MUNCAT) was trading at $0.0402. Its daily trading volume soared 737%, reaching $6.98 million, according to CoinGecko.
According to DEX Tools, MUNCAT’s market cap surged to over $38.3 million, and the number of holders surpassed 8,900. The network saw over 993 buy transactions.
The meme coin’s value spiked after its listings on HTX, SunSwap v2, and Poloneix. Deposit services began on Aug. 29, with trading and withdrawal services launching a day later.
MUNCAT was released on SunPump, a meme coin launchpad on the Tron blockchain. It incorporates charitable giving into its operations, directing a portion of transaction fees to animal welfare.
Another token, ROCK, also performed well in the SunPump ecosystem. Speculation of an investment by Tron founder Justin Sun drove a nearly 100% surge on Aug. 28, peaking at $0.003375 and achieving a $3.3 million market cap.
Data from DeFi Llama indicates the total value locked in the SunPump ecosystem has reached $1.53 million, with annual fee income climbing to $36.06 million.
Token generation platforms have been highly profitable this year. Despite declines in most Pump.fun tokens, the ecosystem has generated over $100 million in fees in the past eight months.
Even with a partnership with CoinMarketCap, SunPump tokens have continued to drop. This collaboration aims to introduce a new support channel for Tron memes. CoinGecko has already launched a page for these memecoins.
MUNCAT, a newly launched meme coin based on the Tron blockchain, has jumped 70% over the past day, making it the top gainer in the crypto market.
At the time of writing, MUNCAT (MUNCAT) was exchanging hands at $0.0402, with its daily trading volume up 737%, hovering around $6.98 million, per data from CoinGecko.
According to DEX Tools, MUNCAT’s market capitalization surged to over $38.3 million, with the number of holders surpassing 8,900. The network activity was predominantly bullish, as reflected by the number of buy transactions, which exceeded 993.
The latest surge in MUNCAT comes as the meme coin has secured its listing on several crypto exchanges, including HTX, SunSwap v2, and Poloneix. Deposit services for MUNCAT began on Aug. 29, followed by the opening of trading and withdrawal services on Aug. 30.
MUNCAT was launched on SunPump, the meme coin launchpad on the Tron blockchain. The meme coin integrates charitable giving into its operations by allocating a portion of transaction fees to animal welfare causes.
In addition to MUNCAT’s success, another token, ROCK, has recently emerged as one of the top-performing cryptocurrencies within the SunPump ecosystem. Driven by speculation that Justin Sun had invested in it, ROCK surged nearly 100% on Aug. 28, reaching a high of $0.003375 and achieving a market cap of over $3.3 million.
Meanwhile, data from DeFi Llama shows that the total value locked in the SunPump ecosystem has reached $1.53 million, with annualized fee income climbing to $36.06 million.
Token generation platforms have emerged as highly profitable this year. Despite significant declines in most Pump.fun tokens, the ecosystem has generated over $100 million in fees over the past eight months. These platforms profit by charging fees for token launches and transactions.
Even after the announcement of a partnership with CoinMarketCap, SunPump tokens have continued to drop. This collaboration aims to introduce a new dedicated express support channel for Tron memes. Meanwhile, CoinGecko, CoinMarketCap’s main competitor, has already launched a dedicated page for these memecoins.
