- 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.
