Tron-based memecoins were enjoying their time in the green on March 19, with their total market cap rising nearly 20% over the past day.
According to data from CoinGecko, Sundog (SUNDOG), the largest memecoin on the Tron blockchain, rallied 10.3% over the last 24 hours, with its market cap seated at over $61 million. Other large meme coins, TBULL, BULL, and SUNCAT, recorded gains of 55%, 43%, and 32.5,% respectively.
Meanwhile, low-cap memecoins such as SUNWUKONG, FOFAR, Dragon Sun (DRGN), and Banana (N) recorded even higher profits, between 85%-200%, respectively.
The total market cap of Tron memecoins jumped by about 20% to nearly $97 million. The surge stood out, especially since the overall meme coin market dropped 2.8% during the same time.
The key catalyst behind these gains is Tron founder Justin Sun‘s recent efforts to boost meme coin trading activity on Tron.
In a March 19 post on X, Sun announced a major incentive program on the crypto exchange HTX, offering zero transaction fees for SunPump meme tokens. The initiative kicked off at 5:30 UTC on March 19 and will run until 15:59 UTC on April 19, 2025.
Currently, the roster includes already listed tokes like SUNWUKONG, TBULL, SUNDOG, FOFAR, SUNCAT, TRONBULL, and MUNCAT, which can be swapped against USDT on HTX without incurring any fees.
HTX is also rolling out a listing fast-track for high-ranking SunPump meme tokens. Any meme coin that gains traction on SunPump in terms of ranking and trading volume will get direct access to HTX and one month of fee-free trading once listed.
Currently, some of the best-performing tokens on SunPump include szn, Darkness, and Dragon Sun, all of which boasted significant gains and trading volumes at press time. As such, these could be the leading contenders for an HTX listing.
Boosting Tron’s memecoin ecosystem
As previously reported by crypto.news, Sun has also pledged additional support measures to strengthen TRON’s memecoin ecosystem. Alongside the trading fee waivers on HTX, TRON will fully subsidize energy costs for memecoin trading, making transactions completely free for the next six months.
Sun has further committed up to $1 million in funding to incentivize memecoin developers to build on TRON, offering financial backing and prioritized listings on exchanges like HTX and Poloniex. He also stated that he would not personally profit from memecoins launched on TRON; instead, he pledged to donate any proceeds while covering any potential losses himself.
