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Memecoins are part of the cryptocurrency industry to be reckoned with, given the emergence of countless assets of this type and the impressive performance of a few. Just for reference, there are two of these tokens among the top 20 largest cryptocurrencies by market capitalization.
Although both are based on dogs and the OG has a decade-long history in the crypto market while the other started as a spin-off, the current cycle has seen the launch of a new breed, notably PEPE, WIF. , and BONK, which have taken the industry by storm.
With so many new ones popping up left and right and gaining substantial market share in a matter of days and weeks, the latest to want to join the memecoin ecosystem seems to be the founder of TRON – Justin Sun.
Sun asked X to ask his several million subscribers whether or not he should deploy a brand new memecoin called Coconut Chicken (CCC) on TRON.
Although there are about two days left before the survey ends, the results so far are quite evident, showing that the community wants to see the rise of such a token on TRON.
The TRON blockchain contains a few memecoins, but it has been nowhere near in popularity and usability to networks like Ethereum and Solana as of recently.
In fact, the Solana ecosystem has been at the forefront of the recent altcoin rally, largely thanks to the growing number of memecoins such as BONK and WIF. Both of these projects have garnered community attention and seen impressive gains over the past few weeks.
It appears Justin Sun wants to capitalize on the current memecoin craze, especially given the recent resurgence of the overall market and hopes for an even better 2024.
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