SunPump, a new memecoin deployer on the Tron blockchain backed by Justin Sun, has earned over $1.1 million in just 11 days since its launch on August 9, with its peak revenue day generating nearly $400,000. Despite experiencing a brief service disruption due to high traffic, the platform has contributed to increased liquidity on Tron, which also saw a $10 million boost from Sun’s Meme Ecosystem Boost Incentive Program and a 1 billion USDT minting by Tether. While Tron’s revenue surged to $2.17 million in the past 24 hours, skeptics remain doubtful about the long-term value of memecoins, citing high trading volumes but low lasting value. Justin Sun remains optimistic about memecoins' potential. Source: Cointelegraph