Token

TRON

Billion

BitTorrent

<p class="is-style-lead">Justin Sun’s cryptocurrencies, such as Sun Token and BitTorrent, were some of the best performers on Aug. 21, as investors cheered the ecosystem’s growth.&nbsp;</p> 
<h2 class="wp-block-heading" id="sun-token-and-bittorrent-tokens-are-soaring">Sun Token and BitTorrent tokens are soaring</h2> 
<p>Sun Token (<a href="https://crypto.news/price/sun-token/">SUN</a>) rose by over 50% to a high of $0.0196, its highest level since 2022, and 143% above its lowest point this month. This rally has pushed its market cap to over $182 million.&nbsp;</p> 
<p>BitTorrent (<a href="https://crypto.news/price/bittorrent/">BTT</a>) jumped by over 25%, reaching a high of $0.0000010, its highest point since June. Other top tokens in the ecosystem, like Tron (<a href="https://crypto.news/price/tron/">TRX</a>) and Just (<a href="https://crypto.news/price/just/" target="_blank" rel="noreferrer noopener">JST</a>), rose by double digits.&nbsp;</p> 
<p>The rally happened as the ecosystem continued receiving positive news. Last week, Justin Sun launched the SunPump platform, which has led to the creation of many meme coins already. Data by <a href="https://defillama.com/protocol/sunpump#information" target="_blank" rel="">DefiLlama</a> shows that SunPump has already accumulated over $1.5 million in assets.&nbsp;</p> 
<p>If the platform succeeds, <span style="margin: 0px; padding: 0px;">Justin Sun will likely make millions.&nbsp;<a href="https://crypto.news/pump-fun-token-crash-leaves-investors-stuck-holding-the-bag/" target="_blank" rel="noopener">Pump.fun</a>, the pioneer meme coin generator, has already generated</span> almost $100 million in revenues.&nbsp;</p> 
<p> You might also like: <a href="https://crypto.news/trx-jumps-12-amid-sunpump-memecoin-hype/"> TRX jumps 12% amid SunPump memecoin hype </a> </p> 
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  <img loading="lazy" decoding="async" width="1856" height="1086" src="https://crypto.news/app/uploads/2024/08/JSTUSDT_2024-08-21_15-42-26.png" alt="SUN vs Bittorrent"> 
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  Just, Sun Token and BitTorrent prices | Source: <a href="https://crypto.news/price/bittorrent/" target="_blank" rel="noreferrer noopener">crypto.news</a>
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<h2 class="wp-block-heading" id="tron-has-become-a-major-part-of-the-blockchain-industry">Tron has become a major part of the blockchain industry</h2> 
<p>Tron has also become one of the most successful blockchains in the industry. Data shows it has over 2.36 million active addresses, higher than Ethereum’s 335,000 and Solana’s 1.23 million.&nbsp;</p> 
<p>Tron also has a market cap of over $59.54 billion for stablecoins. <span style="margin: 0px; padding: 0px;">Because of their stability, stablecoins have become essential in global transactions. Data by&nbsp;<a href="https://tronscan.org/#/token20/TR7NHqjeKQxGTCi8q8ZY4pL8otSzgjLj6t" target="_blank" rel="">Tronscan</a>&nbsp;shows that Tron has over 49 million stablecoin holders and handled a trading volume of over $46 billion on Aug. 21. Tron has also </span>reportedly <a href="https://tokenterminal.com/terminal?v=NjdmMzcz" target="_blank" rel="">generated</a> over $1.05 billion in fees this year.</p> 
<p>Sun Token also jumped because of its ecosystem growth<span style="margin: 0px; padding: 0px;">. Its platform has a total value locked of $750 million, its highest point since 2022. In TRX terms, the&nbsp;<a href="https://defillama.com/protocol/sun?denomination=TRON" target="_blank" rel="">TVL jumped</a>&nbsp;to over $4.6</span> billion.&nbsp;</p> 
<p>BitTorrent’s ecosystem is similarly thriving. The number of BitTorrent File System weekly miners rose to over 8 million. At the same time, the total storage contracts jumped to 168 million, making the BTFS one of the most prominent storage solutions in the blockchain industry.</p> 
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   <p lang="en" dir="ltr">🛠️<a href="https://twitter.com/hashtag/BTFS?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#BTFS</a> Weekly Report<br>✅Total miners exceeded 8 Million<br>✅Total Storage Contracts exceeded 168 Million<br>✅Total Revenue exceeded 26380 Billion <a href="https://twitter.com/search?q=%24BTT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$BTT</a> <a href="https://t.co/bRJ1F6uGaW" target="_blank" rel="">pic.twitter.com/bRJ1F6uGaW</a></p>— BitTorrent (@BitTorrent) <a href="https://twitter.com/BitTorrent/status/1826180543031148606?ref_src=twsrc%5Etfw" target="_blank" rel="">August 21, 2024</a>
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<p>SUN and BTT tokens rallied even as Bitcoin and other cryptocurrencies wavered. Bitcoin has been stuck at $59,000 in the past two weeks while the total crypto market cap dropped by 2.6% to $2.19 trillion.&nbsp;</p> 
<p> You might also like: <a href="https://crypto.news/tether-mints-1b-in-usdt-on-tron-blockchain/"> Tether mints $1b in USDT on TRON blockchain </a> </p>

Sun Token and BitTorrent soar as Justin Sun’s cryptos jump

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