Meme-based Tron tokens surge with Justin Sun's initiative for fee-free trading

Memecoins based on the Tron blockchain experienced a surge on March 19, with their combined market capitalization increasing by nearly 20% in the past 24 hours.

Data from CoinGecko reveals that Sundog (SUNDOG), Tron's biggest memecoin, gained 10.3% over the previous day, achieving a market cap of over $61 million. Other significant meme coins on the Tron network, including TBULL, BULL, and SUNCAT, saw increases of 55%, 43%, and 32.5%, respectively.

Smaller memecoins, such as SUNWUKONG, FOFAR, Dragon Sun (DRGN), and Banana (N), also experienced substantial growth, with profits ranging between 85% and 200%.

The total market cap of Tron memecoins increased by around 20%, reaching nearly $97 million. This growth is noteworthy since the overall memecoin market declined by 2.8% during the same period.

Justin Sun, founder of Tron, has recently taken steps to promote meme coin trading activity on the Tron network, which is the primary driver behind these gains.

In a March 19 post on X, Sun announced a significant incentive program on the crypto exchange HTX. The program offers zero transaction fees for SunPump meme tokens. This initiative started at 5:30 UTC on March 19 and will continue until 15:59 UTC on April 19, 2025.

Tokens already listed on HTX, including SUNWUKONG, TBULL, SUNDOG, FOFAR, SUNCAT, TRONBULL, and MUNCAT, can be traded against USDT with no fees.

HTX is also introducing a fast-track listing process for popular SunPump meme tokens. Any memecoin that ranks high and achieves significant trading volume on SunPump will be listed on HTX and enjoy one month of fee-free trading.

Some of the top-performing tokens on SunPump at press time include szn, Darkness, and Dragon Sun, which all had impressive gains and trading volumes. These tokens are strong contenders for an HTX listing.

Strengthening Tron’s memecoin ecosystem

As reported earlier by crypto.news, Sun has promised further support measures to bolster the memecoin ecosystem on TRON. In addition to waiving trading fees on HTX, TRON will cover energy costs for memecoin trading, making transactions completely free for the next six months.

Sun has also committed up to $1 million to encourage memecoin developers to build on TRON, providing financial support and prioritized listings on exchanges like HTX and Poloniex. He has stated that he will not personally profit from memecoins launched on TRON and will instead donate any proceeds while covering any potential losses himself.