Whale triggers SUNDOG bullish run, most valuable TRON meme-coin

SUNDOG’s price shot up after a whale purchased $2 million worth of the token. Lookonchain claims that on Sept. 12, A whale bought the trending meme coin with the money he made from selling the native Tron

The analytics platform states that the whale took out $2 million worth of 13.07 million TRX from Binance and quickly bought 3.52 million Sundog, a meme coin created on the TRON blockchain.

The meme asset, launched on August 19, has already amassed $200 million in market valuation after Justin Sun unveiled the SunPump token creation platform as an alternative to Pump. fun the project, the sole participant in this market until recently. More than 6,000 tokens were created on SunPump within a day, bringing in more than $1 million in fees.

Investors’ interest in SUNDOG has lately increased due to the hype surrounding SunPump, which explains its remarkable performance. Some even think that the emergence of these coins on the TRON blockchain signals the start of a new trend in the meme coin industry.

After the transaction, the price of the SUNDOG token skyrocketed, going from lows of $0.30 to $0.35. At the time of writing, the token’s total 24-hour gains were 25%. The token’s price spiked while slightly below its new all-time high. The market capitalization of the meme coin surged to over $350 million during the price surge. In the meantime, daily volume increased by 32% and surpassed $198 million.

SUNDOG is the top meme coin on Tron based on market capitalization, It debuted in August, less than a month ago. 15—and has witnessed incredible increases of 770 percent since drops to $0.039 on August 15. 16. Sundog’s traction is largely due to Justin Sun and SunPump’s launch and the excitement of the meme coin launchpad. Additionally, Sundog has been aggressively listed on some significant exchanges, such as KuCoin, MEXC, Bybit, and Gate. io.