Tron price in stress mode, memecoin mania pushes TRX to $0.5?

This fund is designed to boost projects launched on Sun Pump, the ecosystem's dominant launchpad for memecoins. Funding remains a key source of attracting new projects and developers. There is no question that the Tron network has the right audience to fuel this growth. With this funding, the blockchain could see an explosion of memecoins that can compete with Ethereum and Solana.

The Ethereum and Solana duo have seen great success as a result of their memecoin pivots. On Ethereum, projects like Shiba Inu (SHIB) and PEPE have excelled, while BONK and dogwifhat (WIF) have largely set the pace for the Solana ecosystem. Although there are memecoin projects on Tron, none of them have seen a breakthrough in the mainstream.

Sun is trying to change the narrative and sparking a new round of discussion with his recent post to the community. He asked his more than 3.5 million followers on X which memecoin in their ecosystem will be the first to surpass $10 million market cap. Some of the top memecoins in the Tron ecosystem include Coconut Chicken (CCC), Trepe, TBull, and TROGE, among others.

Not just a meme affair

Despite the prospects offered by the mainstream adoption of memecoins on Tron, these new developments may not fully help in giving the protocol the desired growth. About a month ago, the Tron founder announced the implementation of gas-free stablecoin transfers on the network.

This new incentive is designed to further drive Tron's adoption as a payment services network. To achieve its long-term agenda, its decentralized finance (DeFi) ecosystem must also receive equal attention. According to data from DeFiLlama, the network's TVL is $7.07 billion. JustLend dominates this scene with $5.566 billion in locked assets.

With its main competitor Ethereum boasting a TVL of more than $88.7 billion, Tron has a lot of catching up to do. If all growth factors line up, the coin has what it takes to retest the $0.5 mark in the short term and its all-time high of $0.3004 in the long term.