Memecoin traders appear to be losing interest in SunPump, Tron’s first memecoin launchpad, as activity on the platform drops to all-time lows. SunPump’s launch on Aug. 13 initially boosted Tron’s native TRX token, propelling its price up 33% to $0.16 by Aug. 21 and pushing the asset into the top 10 cryptocurrencies by market capitalization. However, Tron has since struggled to sustain the momentum. On Tuesday, TRX fell out of the top 10 and now trails The Open Network’s TON, valued at $13.3 billion, and sits just above Cardano’s ADA, which has a market cap of $12 billion. As of Sept. 11, TRX is down 20% from its recent peak, trading at $0.15 with a market cap of $13.2 billion. SunPump Activity Withers Since Sept. 5, SunPump has seen a steep decline in daily activity, with fewer than 1,000 memecoins created each day. On Sept. 8, the platform recorded its lowest-ever activity, with just 766 new tokens launched, according to Dune data. SunPump hit its highest point on Aug. 21, minting 7,500 coins in a single day. In total, 80,863 tokens have been created on SunPump to date — far behind the 1.91 million tokens launched on Pump.Fun, the Solana-based memecoin launchpad. By comparison, Pump.Fun averages around 6,500 daily memecoin creations. However, some of Tron’s meme tokens are bucking the downward trend. Sundog (SUNDOG), the largest meme token on Tron, recorded a 30% increase over the past week, pushing its market cap to $316 million. Other meme tokens have followed suit, with Muncat (MUNCAT) up 34%, Suncat (SUNCAT) gaining 51%, and SunWukong (SUNWUKONG) rising 55%. Revenue Disparity Widens When it comes to revenue, Pump.Fun continues to outperform SunPump by a wide margin. Pump.Fun has generated $3.8 million in September, averaging $400,000 per day, while SunPump trails behind, bringing in just $625,000 during the same period. In terms of active addresses, Pump.Fun is also in the lead, reporting 18,255, compared to SunPump’s 1,498. Despite Tron’s efforts — including fee cuts and a 100% buyback and burn process — SunPump has struggled to regain momentum. According to on-chain data from Santiment, TRX’s metrics show a sharp decline, with a 65% drop in social dominance and an 80% decrease in social volume since Aug. 21, indicating waning interest in the platform.