Analyst: Token Deployments on SunPump Have Declined Since September, and Only 1 Token Has a Market Cap of Over $100 Million
On October 17th, chain analyst Onchain Lens said on the X platform that TRON DAO's meme culture seems to be “stagnating”. Since the launch of SunPump, 90,819 tokens have been deployed, but deployments have declined since September. Only three tokens on SunPump have a market cap of more than $10 million, and only SunDog has a market cap of more than $100 million.
Despite Sun's efforts to promote the Meme culture on the Tron network, it has not attracted much attention and developer interest in the Tron network has been minimal, Onchain Lens said.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nansen has integrated Solana on-chain analytics functionality
BTC falls below $67,000
CryptoQuant Founder: Bitcoin -Tether Futures Market Is Becoming Overleveraged