SunPump Adds Ranking Feature, WHALE Meme Coin Soars

SunPump Ranks Users, WHALE Meme Coin Gains Traction

The SunPump platform has officially launched a new Ranking feature, designed to enhance user experience by providing key data on various tokens. This new feature allows users to monitor critical metrics such as "Launching Soon," "MarketCap Ranking," "24H Price Increase," and "24H Trading Volume" in TRX. Of particular interest is the "Launching Soon" section, which notifies users when a token’s progress bar reaches 100%, indicating that it will soon be deployed on SunSwap V2.

In addition to the new feature, SunPump has made headlines with the extraordinary rise of its meme coin, WHALE. According to data from the platform, WHALE's market value has spiked by over 9,000% within 24 hours, driving its market cap to exceed $8 million.

The coin is currently priced at $0.05128, with a trading volume exceeding 24 million TRX within the same period. This rapid growth has captured significant attention within the crypto community, underscoring the volatile yet profitable nature of meme coins.

SunPump Initiates Major Buyback & Burn Initiative to Boost SUN Ecosystem

In a strategic move desired at improving the sustainability of the SUN ecosystem, platform has initiated a buyback and burn project for the SUN token. This initiative will see the platform utilising its revenue to buy back and subsequently burn 161 million SUN tokens, actually decreasing the total supply. This is part of SunPump’s ongoing strategy to manage token inflation and increase the value for existing SUN holders.

This isn't the first time SunPump has undertaken such an initiative. Since September 15, 2021, the platform has conducted several buyback and burn phases, resulting in the removal of over 431 million SUN coins from circulation.

Out of this, 270 million SUN coins were repurchased using revenue from SunSwap V2. The latest phase adds another 161 million SUN tokens to the burn, further contributing to the token's scarcity.

The buyback and burn strategy is not just about managing inflation; it’s also aimed at driving long-term value and maintaining a growing consumer base. By reducing the overall supply, SunPump is fostering a healthier and more sustainable ecosystem, which is likely to have a positive impact on the token’s price over time.

This move aligns with SunPump’s broader goal of offering incentives to ecosystem participants and investors, ensuring the continued growth and stability of the SUN network.

Conclusion

SunPump has introduced a new Ranking feature to enhance user experience and has seen remarkable growth in its WHALE meme coin, which surged over 9,000% in value within 24 hours. Additionally, SunPump has started a major buyback and burn ambition to reduce the supply of SUN tokens, seeking to manage inflation and increase value for existing holders. These strategic moves are designed to foster a healthier and more sustainable ecosystem, aligning with SunPump's broader goals of growth and stability.

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