Tron (TRX)-based memecoin issuance platform SunPump saw great initial success but was negatively impacted by the overall market crash.
Not remaining indifferent to the losses incurred in the face of this collapse, Tron founder Justin Sun pledged to donate all of his memecoin profits and cover the losses in Tron.
Justin Sun said his first rule when launching memecoins on the Tron network was to not make a profit.
In his X post, Sun promised to personally bear any losses and shared plans to donate all proceeds.
“The first rule of memecoin issuance on Tron: No profit.
At this point I personally will not make a single penny of profit from memes.
Any losses will be fully covered by me and all proceeds will be donated.”
The first rule of making memes on Tron: I will not personally profit a single cent from memes. Any losses will be fully covered by myself, and all proceeds will be donated.
— H.E. Justin Sun 🍌 (@justinsuntron) March 19, 2025
How Many Memecoins Are Mined?
While Justin Sun made a bold move regarding memecoin losses, on-chain analyst Onchain Lens shared that Tron-based SunPump mined over 100 memecoins on March 18.
Onchain Lens said memecoin issuance platform SunPump released 122 tokens on March 18, marking the first time in four months that the daily issuance has exceeded 100 tokens.
To date, a total of 95,573 tokens have been released on SunPump, generating total fee revenue of $5.74 million.
*This is not investment advice.
