🌎 MUNCAT Meme Coin Skyrockets 70% on Tron Blockchain

MUNCAT, a newly launched meme coin based on the Tron blockchain, has surged 70% over the past day, making it the top gainer in the crypto market.

At the time of writing, MUNCAT was trading at $0.0402, with its daily trading volume up 737%, reaching approximately $6.98 million. According to DEX Tools, MUNCAT’s market capitalization has risen to over $38.3 million, with the number of holders surpassing 8,900. The network activity was predominantly bullish, indicated by the number of buy transactions, which exceeded 993.

The latest surge in MUNCAT follows 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, a meme coin launchpad on the Tron blockchain. The coin integrates charitable giving into its operations by allocating a portion of transaction fees to animal welfare causes.

ROCK Token Performance

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.

SunPump Ecosystem Overview

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 become 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.