Fintech PR
Justin Sun and Crypto Influencers Share Insights on SunPump’s Rise and Future: Positioned to Reshape the Meme Market
SINGAPORE, Aug. 27, 2024 /PRNewswire/ — SunPump has garnered significant market attention within just ten days of its debut. The market cap of its flagship project, Sundog, a meme coin built on TRON, has surpassed $200 million. The platform now boasts 20,000 daily active users, the popularity of which is rapidly increasing and is on track to catch up with Pump.fun.
From August 20 to 22, Justin Sun, founder of TRON and a member of the HTX Global Advisory Board, engaged in in-depth discussions with leading crypto influencers and representatives from meme projects including SunDog, SunCat, Sunwukong, FOFAR, and SunRats in X Space. They discussed the future of SunPump and the potential of the meme sector.
SunPump’s Role in the Crypto Space—High Risk, High Reward
Justin Sun had been vigorously promoting SunPump through social media channels. During a recent X Space discussion, he offered a clearer perspective on how SunPump integrates into the broader cryptocurrency ecosystem.
“TRON supports a three-layer architecture. The first is the widely recognized stablecoin payment tier. As a leading stablecoin payment platform, TRON surpasses both Ethereum and Solana in daily revenue. The second is the DeFi layer, which provides relatively stable yields. The third, SunPump, is essentially a product of the maturity of DeFi and blockchain performance, focusing on high-risk, high-reward investment opportunities.”
Justin Sun highlighted that the meme coin sector remains in its infancy, with many promising projects undervalued. TRON adopts a long-term approach, concentrating on the gradual development of a solid infrastructure and the continuous improvement of user experience to accommodate all users.
Regarding the rivalry with Pump.fun on Solana, Justin Sun stated that SunPump is well-equipped to engage in a direct showdown.
Firstly, an excellent team. The SunPump team has carried out extensive research into the meme market, thoroughly analyzing the needs and preferences of current meme investors while accurately predicting the potential user base. Their profound understanding of memes ensures they deliver top-notch products. Furthermore, The teams behind top meme projects demonstrate strong technical prowess and impressive innovation capabilities.
Secondly, the liquidity support. With over $60 billion in stablecoins issued and more than 2 million daily active users, TRON significantly outperforms Solana. The high trading volume of USDT and TRON’s large user base provide substantial liquidity for the meme market on TRON.
Thirdly, the community support. SunPump has benefited from strong community support, particularly from Asia, which has given it a solid user base.
Lastly, the commitment to enhancing infrastructure. SunPump has established partnerships with prominent crypto companies, including DWF Labs, and anticipates further collaboration with additional ecosystem builders in the future. The platform is eager to engage with more communities and partners to drive the global expansion of SunPump.
Next Moves for SunPump: Enhancing User Experience, Project Quality, and Market Cap
With the meme coin sector heating up and competition becoming more intense, users are increasingly concerned about how SunPump will keep its popularity.
Justin Sun revealed SunPump’s follow-up plans: (1) Improving user experience. This involves improving the trading experience, reducing transaction fees, and increasing platform exposure. (2) Attracting more high-quality projects. SunPump aims to bring more premium meme projects to TRON, which will inject vitality into the platform and contribute to its market capitalization growth. Currently, SunPump is valued at $1.1 billion. (3) Boosting market caps of projects. SunPump will support high-quality projects with the necessary funding, technological support, and resources to boost their market capitalization. A notable increase in market cap signifies a project’s strength and recognition. Achieving a market cap of over $1 million signifies that a meme coin has successfully moved beyond the incubation stage.
Justin Sun highlighted that trust and reputation are crucial for the success of meme coins rooted in culture and consensus. He expects that, with the right approach, meme projects on TRON could achieve a market cap of $1 billion in the future.
Witnessing the Golden Age of meme coins While Avoiding Rug Pulls
Many public blockchains use their flagship meme coins to attract attention and liquidity to their ecosystems. However, with the meme market having thrived for months, it requires courage and extensive planning to develop a new platform for issuing and trading meme coins.
Lovely, a special guest on Space, has pointed out that Poloniex and HTX are both paying close attention to meme coins, because they’re less reliant on Bitcoin’s market performance, making them good investment targets to weather the bull and bear markets.
“Unlike the previous two bull markets, this one has seen a more dispersed market capitalization for meme coins. Many small-scale projects have proven to be highly profitable. Concurrently, the duration for which meme coin market capitalization has exceeded $50 billion has been prolonged, indicating a more stable and enduring meme market. As the overall cryptocurrency market continues to expand, meme coin market capitalization is expected to exhibit a similar growth trend. Besides, the notable increase in the growth multiples of meme coin market capitalization not only underscores the strong profitability of meme coin issuances but also suggests that there may be even greater profit potential in the future. Therefore, the next 2-3 years are anticipated to remain a golden age for meme coins. “
Lovely stated that SunPump has fueled and tracked the industry’s development. Meanwhile, Poloniex and HTX will offer more accessible market-making and monitoring tools to provide enhanced one-stop support services for meme projects.
Josephine, the head of SunPump, stated that TRON and SunPump are committed to fully supporting outstanding meme projects in terms of funding, traffic, and technology. However, given the prevalence of rug pulls in the meme market, they will implement rigorous audits and investigations to ensure maximum protection of user assets. Josephine also noted that, given the relatively small scale and early stage of both the TRON meme ecosystem and SunPump compared to Ethereum and Solana, this is an optimal time to enter. Keeping a close eye on new projects launching on SunPump could be the key to discovering the next big wealth opportunity.
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Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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Fintech PR
Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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Fintech PR
China’s AIMA brand electric motorbike is now in Bangladesh
DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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