- The crypto market has been buzzing with the rapid rise of memecoins, with Sundog (SUNDOG) on the Tron network experiencing a notable price surge.
- A whale purchase of $2 million worth of Sundog tokens significantly contributed to this hike.
- Data from Lookonchain reveals that the whale withdrew 13.07 million TRX from Binance to buy 3.52 million SUNDOG.
SUNDOG’s recent price increase has captured investor attention, marking a significant trend in the world of memecoins.
Substantial Price Surge for SUNDOG
In the wake of the whale’s purchase, the price of SUNDOG rose from $0.30 to $0.35. As of the most recent data, this memecoin has surged by 64% over the past week, nearing its all-time high. Since its launch on August 15, SUNDOG has consistently performed well, yielding eightfold returns in a relatively short period.
Growing Market Presence
SUNDOG’s impressive gains are also bolstered by its presence on major exchanges. The token is now listed on prominent platforms such as MEXC, Bybit, Gate.io, and KuCoin. Furthermore, the memecoin has recently become available for trading on the largest cryptocurrency exchange in the Philippines, Coins.ph, as well as on HTX and RabbitX.
Instrumental Factors Behind SUNDOG’s Rise
The launch of SunPump, a memecoin platform initiated by Justin Sun, has played a crucial part in SUNDOG’s meteoric rise. The platform’s launch has catalyzed investor interest and trading activity, providing substantial support for SUNDOG’s market growth. Credible data sources confirm these developments, ensuring the accuracy of reported gains and market movements.
Conclusion
SUNDOG’s remarkable ascent reflects the growing appetite for memecoins within the crypto sphere. With its listing on multiple reputable exchanges and strong performance metrics, SUNDOG has established itself as a notable player on the Tron network. This trend highlights the dynamic nature of the crypto market and the potential for future growth. Investors are advised to keep an eye on memecoins like SUNDOG for potential opportunities and developments.
