MUNCAT becomes top gainer in crypto market with a 70% surge

MUNCAT, a newly launched meme coin based on the Tron blockchain, has become the top gainer in the cryptocurrency market, increasing by 70% in the last day.

At press time, MUNCAT (MUNCAT) was trading at $0.0402 with daily trading volumes increasing by 737% to around $6.98 million, according to data from CoinGecko.

According to DEX Tools, MUNCAT’s market cap has reached over $38.3 million and the number of holders has exceeded 8,900. Network activity has been predominantly bullish, as reflected by the number of purchase transactions exceeding 993.

The recent surge in MUNCAT comes as the meme coin has secured listings on various crypto exchanges, including HTX, SunSwap v2, and Poloneix. Deposit services for MUNCAT began on August 29, followed by trading and withdrawal services on August 30.

MUNCAT was launched on SunPump, the meme coin launchpad on the Tron blockchain. The meme coin integrates charitable donations into its operations by allocating a portion of transaction fees to animal welfare causes.

In addition to MUNCAT’s success, another token, ROCK, has recently emerged as one of the best-performing cryptocurrencies within the SunPump ecosystem. Driven by speculation that Justin Sun has invested, ROCK surged nearly 100% on August 28 to reach a peak of $0.003375, taking its market cap to over $3.3 million.

Meanwhile, according to data from DeFi Llama, the total value locked in the SunPump ecosystem reached $1.53 million, while annual fee income increased to $36.06 million.

Token generation platforms have emerged as highly profitable this year. Despite significant declines in most Pump.fun tokens, the ecosystem has generated over $100 million in fees in the last eight months. These platforms make their profits by charging fees for token launches and transactions.

Even after the partnership with CoinMarketCap was announced, SunPump tokens continued to fall. This collaboration aims to provide a new dedicated express support channel for Tron memes. Meanwhile, CoinGecko, the main competitor of CoinMarketCap, has already launched a special page for these memecoins.