Major Moves Shake TRON’s Meme Coin Market

On Sep 15, 2024

Whale investors are driving SUNDOG’s rise, with major transactions boosting its presence on the TRON network.
SUNDOG’s rapid growth fuels TRON’s increased transaction volume, contributing to the network’s overall momentum.

Lookonchain has uncovered a large transaction involving two whales making major moves on SUNDOG as part of the TRON network’s meme coin ecosystem.

According to Lookonchain, one whale spent $2 million to buy 3.52 million SUNDOG tokens in a single transaction. Another whale followed suit, investing $500,000 to buy 1.16 million SUNDOG tokens, adding to the speculation and excitement surrounding this soaring cryptocurrency.

After this whale spent $2M to buy $SUNDOG in one transaction, another whale spent $500K to buy 1.16M $SUNDOG in one transaction.https://t.co/4sD98s0tX8https://t.co/9ABskBJ3Ls pic.twitter.com/UjU433UlZS
— Lookonchain (@lookonchain) September 14, 2024

SUNDOG Outshines Competitors with Strong Performance

At the time of writing, SUNDOG, the largest meme coin on the TRON network, was trading at about $0.3563. The token has increased by 4.69% over the last 24 hours, beating many of its meme token competitors, such as PEPE, WIF, BOME, NEIRO, and BONK, which have all lost value within the same time period.

This impressive performance has piqued the interest of investors, as SUNDOG continues to maintain a green trajectory among a sea of red in the larger meme coin market.

Beyond individual whale transactions, the TRON network has seen a rise in activity. According to a prior CNF report, TRON handled approximately 230 million transactions in August, representing a 7.8% increase in network activity.

The popularity of meme coins like SUNDOG and Tron Bull has played a crucial role in this growth. These coins have played an important role in encouraging more transactions and interaction on the TRON blockchain, helping to the network’s overall growth.

SUNDOG’s value has surged since its launch, rising by thousands of percent and producing new millionaires. Its quick rise is strongly related to the growing buzz surrounding SunPump, a movement in the TRON ecosystem that has piqued the interest of both retail investors and crypto giants.