Crypto entrepreneur Justin Sun has announced that he will start trading memecoins and other promising projects using his public address. He plans to donate profits from these trades to charity and bear any potential losses himself. However, Sun warns that his trades should not be taken as financial advice and that there is no guarantee that any of the projects he buys will be listed on exchanges he is affiliated with. Despite this, Sun's public address has already received multiple sh*tcoins since his announcement. Additionally, Sun's Tron and BitTorrent networks have offered a $1 million support fund for memecoin developers, incentivizing them to use their ecosystems to develop their tokens. Trading volume for memecoins has soared recently, with Coinbase reporting that trading volume for these tokens reached over $2.3 billion last week. However, investors appear to be taking profit from the space as all the top 10 assets by market cap in the sector fell by an average of 5% in the last 24 hours.