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

MUNCAT, a newly launched meme coin based on the Tron blockchain, has jumped 70% over the past day, making it the top gainer in the crypto market.

At the time of writing, MUNCAT (MUNCAT) was exchanging hands at $0.0402, with its daily trading volume up 737%, hovering around $6.98 million, per data from CoinGecko.

According to DEX Tools, MUNCAT’s market capitalization surged to over $38.3 million, with the number of holders surpassing 8,900. The network activity was predominantly bullish, as reflected by the number of buy transactions, which exceeded 993.

The latest surge in MUNCAT comes as the meme coin has secured its listing on several crypto exchanges, including HTX, SunSwap v2, and Poloneix. Deposit services for MUNCAT began on Aug. 29, followed by the opening of trading and withdrawal services on Aug. 30.

MUNCAT was launched on SunPump, the meme coin launchpad on the Tron blockchain. The meme coin integrates charitable giving 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 top-performing cryptocurrencies within the SunPump ecosystem. Driven by speculation that Justin Sun had invested in it, ROCK surged nearly 100% on Aug. 28, reaching a high of $0.003375 and achieving a market cap of over $3.3 million.

Meanwhile, data from DeFi Llama shows that the total value locked in the SunPump ecosystem has reached $1.53 million, with annualized fee income climbing 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 over the past eight months. These platforms profit by charging fees for token launches and transactions.

Even after the announcement of a partnership with CoinMarketCap, SunPump tokens have continued to drop. This collaboration aims to introduce a new dedicated express support channel for Tron memes. Meanwhile, CoinGecko, CoinMarketCap’s main competitor, has already launched a dedicated page for these memecoins.