Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
$10 million has been set aside to provide resources to newly issued tokens and a review process put in place to avoid rug pulls.Memecoins, despite often being issued as a joke, have become a key part of the recent crypto bull market. Several, including SHIBA, PEPE, WIF and FLOKI, have surpassed a $1 billion market cap.
When asked what sets the two projects apart, Sun said that due to a partnership with crypto exchange Poloniex, projects that maintain $1 million in daily trading volume for three days will be eligible to be listed on the platform. Tron and SunPump are also putting $10 million together to create the Meme Ecosystem Boost Incentive Program, designed to provide resources for newly launched tokens.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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