Whale Activity Fuels TRON-Based Memecoin SUNDOG’s Rapid Surge

  • Whales have been making significant purchases on the TRON network, particularly targeting the meme coin Sundog (SUNDOG).
  • Recent data from the on-chain analysis platform Lookonchain reveals that the buying frenzy continues unabated for SUNDOG.
  • A noteworthy transaction saw a whale spend $2 million in a single trade to acquire SUNDOG, causing a sharp price surge.

Discover how large-scale acquisitions are driving up the value of the meme coin Sundog (SUNDOG) on the TRON network.

Whales Drive SUNDOG Purchases on TRON Network

Whales have taken a keen interest in Sundog (SUNDOG), a meme coin on the TRON network, making sizeable investments that have drawn considerable attention in the market. Lookonchain, a reputable on-chain data and analysis platform, reported via Twitter on September 14 that the recent purchasing activity for SUNDOG shows no sign of slowing down. A prominent transaction recorded by Lookonchain saw a whale making a massive $2 million purchase, which resulted in a significant rise in the coin’s price.

Justin Sun’s Influence and Subsequent Purchases

Following the substantial $2 million acquisition, another whale entered the fray, spending $500,000 to purchase 1.16 million SUNDOG. The considerable impact of Justin Sun’s initiatives, particularly the launch of SunPump, has been pivotal in the rapid appreciation of Sundog. According to CoinGecko, SUNDOG has soared by over 40% in the past week, presently trading at $0.338 during the time of writing. Sundog continues to be available for trading on platforms like BingX and Bitget.

Conclusion

The substantial purchases by whales on the TRON network underscore the growing interest in the Sundog (SUNDOG) meme coin. With the support of influential figures like Justin Sun and a strong performance in recent weeks, SUNDOG has captured market attention. Investors should stay attuned to ongoing developments to gauge the future trajectory of this emerging digital asset.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Mempool Warns Bitcoin Users of Phishing Scams Claiming Fake Crypto Recovery Services

Mempool, the renowned Bitcoin mempool and blockchain explorer, has...

Bitcoin Spot ETF Sees $47.8 Million Net Outflow Amid BlackRock’s $130.5 Million Withdrawal

According to data from Farside Investors, the US Bitcoin...

Ethereum Spot ETF Sees $25.3 Million Net Inflow Driven by BlackRock and Grayscale Investments

According to data from Farside Investors, the US Ethereum...

USDT Leads with $96.24 Million Net Inflow as BTC Faces $24.91 Million Spot Outflow

According to recent data from Coinglass, the cryptocurrency market...

Upbit Trading Volume Hits $1.347B with MASK Leading KRW Market at 17.04%

According to CoinGecko data on June 7th, Upbit's trading...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img