How to Trade TRON Memecoins? Best tools & practices.

The TRON network has recently experienced a significant surge in activity, driven largely by the introduction of the SunPump platform. This platform has opened up a new frontier for memecoin creation and trading, attracting a wave of new users eager to capitalize on the opportunities in this rapidly growing market. 

In this guide, we'll explore the key trends behind this boom, highlight the top memecoin performers, introduce essential tools for trading in the TRON ecosystem, and provide a step-by-step guide on how to trade these tokens effectively.

1. Understanding the SunPump hype.

Since its launch on August 9th, 2024, SunPump has been a game-changer for the TRON network, leading to an unprecedented increase in both activity and revenue. The platform allows users to easily create and launch their own memecoins, fueling a surge in on-chain transactions.

Explosive Revenue Growth

In just over ten days, SunPump has generated over 10.3 million TRX in revenue, equivalent to $1.53 million USD. This rapid growth is clearly visible in the accompanying graph, which shows a steep increase in daily revenue, particularly from mid-August onward.

Surge in Token Creation

The number of new tokens created on SunPump has also seen a dramatic rise. By August 21st, over 24,882 tokens had been launched, with a peak of 7,359 tokens created in a single day. This explosion in token creation reflects the platform's growing popularity and the increasing demand for new memecoins in the TRON ecosystem.

2. Best TRON Gainers: Who’s Leading the Charge?

Sundog Takes the Lead

Sundog is currently one of the top performers on SunPump, boasting a market cap of $241 million. It has quickly become a favorite among traders. Other notable tokens include $FOFAR and $SUNCAT, both of which have shown impressive gains in market cap and trading volume.

To stay ahead of the curve, regularly check platforms like DEXscreener and DEXTools to monitor the latest movements in the TRON memecoin market.

3. Best tools for TRON Memecoins

Navigating the TRON memecoin market requires the right tools. Below are some essential resources and bots that can help you stay ahead in this rapidly evolving space:

Key Tools:

• SunPump New Tokens: This Telegram channel keeps you informed about the latest token launches on SunPump. 
• SunPump Migrations: Get updates on tokens that have completed their bonding process and are being deployed to SunSwap V2, where real trading begins.
• Tron Live Trending: Check trending tokens and catch them before they do 10-100xs gains. 

Trading Bots:

• SunDog Trade Bot: trading bot by the most popular SunPump memecoin $SUNDOG. Simple, but still efficient. 
• Maestro: TRON blockchain as one of the supported chains. A range of advanced trading features, perfect for those looking to execute complex strategies.May look too complicated for beginners. 
• Alpha DEX: best solution for the new on-chain traders. Available as a telegram mini-app with a nice user interface. Limit orders as another benefit.  
• NFD TRON Trade Bot: The fastest trading bot on the TRON network. Backup bots for better performance. Suitable for experienced traders that want to trade fast. 

4. Step-by-Step Guide: How to Trade TRON Memecoins

If you’re ready to dive into the TRON memecoin market, here’s a step-by-step guide to help you get started:

Step 1: Identify Promising Memecoins

Use tools like SunPump New Tokens or Tron Live Trending to find new and trending memecoins. Look for projects with a strong narrative and community backing, avoiding those that appear to be copy-paste clones.

Step 2: Analyze Developer Holdings

Before buying, check the developer's token holdings. A high concentration of tokens in a developer’s wallet can be a red flag, indicating potential risk.

In the image above, you can see that dev has bought more than 10% of the supply, which is not a good sign. It's better if dev holds less than 5%.

Step 3: Set Up Your Trading Bot

Choose a trading bot that aligns with your strategy—whether it’s NFD for speed, Maestro for versatility, and Alphadex for interface. Configure it to ensure quick and efficient trading.

Step 4: Fund Your Wallet

Ensure your wallet has enough TRX to cover your trades and any associated fees. This is essential for executing trades without delays.

Step 5: Enter the Token Contract Address

Paste the token’s contract address into your bot or wallet interface to ensure you’re buying the correct token. Double-check this step to avoid costly mistakes.

Step 6: Execute the Trade

Once you’ve completed the setup, execute your trade. Keep a close eye on the market and be ready to take profits or cut losses as needed.

Conclusion

With the right tools, strategies, and a bit of luck, there’s significant potential for profit. However, remember that this is a high-risk environment, so always trade with caution and never invest more than you can afford to lose. Use this guide to navigate the market effectively, and you could find yourself riding the next big wave in TRON memecoins.