Tron Founder Justin Sun has triggered new sentiment around meme coin creation on the layer-1 blockchain network. Taking to his official X account, Sun announced what appears to be insurance for creators on the protocol. Tagged "the first rule of making memes on Tron," Justin Sun said he would not profit a cent from assets on the platform.
The Tron founder’s post, now going viral, also teases his plans to cover the losses of users on the network personally. While this promise sounds far-reaching, it has generated interest from the broader community. According to him, proceeds from the meme coin ecosystem will also be directed to charity rather than personal use.
Over the past few years, meme coins have redefined the growth of top blockchain protocols like Solana. The advent of BONK, dogwifhat and other meme coins have pushed the price of Solana (SOL) to a new all-time high (ATH) of $294.33. Tron has also benefited from this meme coin adoption, partly due to the promotions from Justin Sun.
The Tron founder is considered a major voice in the crypto ecosystem, with valued opinions on market trends. In a recent U.Today report, he outlined how leverage is a major Ethereum challenge that needs to be solved as soon as possible.
Under the current U.S. Securities and Exchange Commission (SEC) leadership, meme coins have been classified as assets, not considered investment contracts. This categorization is a big win for risk assets as it frees creators from registration obligations.
Overall, the meme coin market is experiencing consolidation in line with the general uncertainty in the industry. As of press time, data from CoinMarketCap pegged the combined market cap for memes at $48.38 billion, up 1.4% in 24 hours.
With Justin Sun's insurance update, the Tron ecosystem’s flagship coin is now up 7.7% in 24 hours to $0.06065.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。