The Tron-based memecoin market experienced a major rally on March 19, with its total market capitalization surging nearly 20% in a single day. The rapid price increases were largely driven by Tron founder Justin Sun’s new incentive program, which includes zero transaction fees and fast-track listings for high-performing memecoins.
Tron Memecoins Post Significant Gains
According to CoinGecko, several top Tron-based memecoins saw double-digit gains:
- Sundog (SUNDOG), Tron’s largest memecoin, rallied 10.3%, reaching a market cap of over $61 million.
- TBULL, BULL, and SUNCAT recorded gains of 55%, 43%, and 32.5%, respectively.
- Low-cap tokens, including SUNWUKONG, FOFAR, Dragon Sun (DRGN), and Banana (N), saw even larger spikes, ranging from 85% to 200%.
- The total market cap of Tron memecoins surged to nearly $97 million, despite the broader memecoin market declining by 2.8% during the same period.
Sun’s Zero-Fee Trading Incentives
Justin Sun’s March 19 announcement on X (formerly Twitter) introduced a new incentive program through crypto exchange HTX, offering zero transaction fees for selected SunPump memecoins. The initiative began at 5:30 UTC on March 19 and will run until 15:59 UTC on April 19, 2025.
Currently, traders can swap memecoins like SUNWUKONG, TBULL, SUNDOG, FOFAR, SUNCAT, TRONBULL, and MUNCAT against USDT on HTX without incurring any transaction fees.
HTX Fast-Track Listings for Top Memecoins
In addition to trading fee waivers, HTX has introduced a listing fast-track for SunPump meme tokens. Memecoins that gain strong traction on SunPump—based on trading volume and ranking—will receive direct access to an HTX listing and one month of fee-free trading once listed.
Some of the best-performing SunPump tokens at press time include:
- szn
- Darkness
- Dragon Sun
These tokens, which have shown significant gains and trading volume, are strong contenders for an upcoming HTX listing.
Strengthening Tron’s Memecoin Ecosystem
Beyond zero-fee trading, Sun has pledged additional support measures to bolster Tron’s memecoin ecosystem:
- Energy cost subsidies: TRON will fully subsidize energy costs for memecoin trading, making transactions completely free for the next six months.
- $1 million developer fund: Sun committed up to $1 million to incentivize memecoin developers to build on Tron, offering both financial support and priority listings on HTX and Poloniex.
- No personal profit from memecoins: Sun emphasized that he will not personally profit from memecoins launched on Tron. Instead, he pledged to donate any proceeds while covering any potential losses.
Justin Sun’s aggressive zero-fee trading strategy and financial incentives have fueled a surge in Tron-based memecoins, setting the ecosystem apart from competing blockchain networks. As memecoin speculation grows, Tron’s commitment to fee-free trading and developer incentives positions it as a significant hub for emerging meme assets. Whether this momentum sustains beyond the HTX incentive period remains to be seen, but for now, Tron’s memecoin market is thriving.
