SUN Falls 8% As Tron Founder Justin Sun Announces 100% Onchain Buyback And Burn Program For SunPump
The Sun Token price (SUN) dropped more than 8% in the last 24 hours after Tron founder Justin Sun announced a 100% on-chain buyback and burns program for meme coin launchpad SunPump. Following the steep price drop, SUN traded at $0.03121 as of 8:40 a.m. EST. Despite the pullback, the crypto is still in the green by more than 291% on the monthly time frame, according to CoinMarketCap data . Justin Sun Announces Buyback And Burn Initiative For SunPump Sun announced that the Tron meme coin community has decided to implement a 100% buyback and burn program for SunPump . This decision follows a discussion within the community that moved away from initial intentions to burn tokens from liquidity pools, according to the Tron founder. Regarding the issue of revenue buyback and burning for @sunpumpmeme , the community previously suggested burning liquidity LP tokens because this approach is used by mainstream meme tokens like SHIB. Burning LP tokens has several advantages, including incr...