Tron's meme coin, Sundog (SUNDOG), has gained significant attention since its launch on August 15.
Tron's meme coin, Sundog (SUNDOG), has gained significant attention since its launch on August 15. Its market cap surged to $126 million, peaking at $325 million, fueled by a whale's $450,000 investment. SUNDOG is currently valued at $131 million.
Tron creator Justin Sun recently introduced SunPump, a token generator and "first meme fair launch platform," positioning it as a competitor to Solana’s Pump.Fun. Sundog's rapid rise draws comparisons to Solana's Dogwifhat (WIF), highlighting its quick popularity and meme potential.
Liquidity is flowing into the Tron blockchain, supported by a $10 million allocation from Sun's Meme Ecosystem Boost Incentive Program, aiming to support emerging coins and prevent rug pulls that could leave traders with worthless tokens. Tron is currently outperforming other chains in revenue, generating $1.06 million in the past 24 hours, according to DeFiLlama. Over 11,000 tokens have been created on SunPump, which recently integrated with DEX Screener.
Meanwhile, Pump.fun, a token launchpad, faced criticism after launching 10,000 tokens in three hours during an event with Donald Trump and Elon Musk. Traders expressed frustration over the flood of tokens, questioning the platform's impact.
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