This week, $SUNDOG made headlines by becoming the first meme token on the TRON network to surpass a $1 billion market cap, solidifying its place in the meme token world.
$SUNDOG officially becomes the first meme on TRON to hit $1B with a $2M volume injection.
Look at this chart and tell me you remember how it played out with $WIF.
Few 🌞 pic.twitter.com/tc6yGvqzi2
— Brill (@thenameisbrill) September 12, 2024
With over $20 million in trading volume in just 24 hours, $SUNDOG’s impressive rise has captured the attention of investors and the wider crypto community.
$SUNDOG just made history on TRON….🌞🐶
Smashing $1B Marketcap with over $20M volume in 24 hours.
Check out this chart and see if it sparks memories of $WIF 🤫
This is just the beginning. pic.twitter.com/dFyOb3Vofm
— P0TENS (@C_POTENS) September 12, 2024
What propelled $SUNDOG to this milestone was a significant injection of capital, with on-chain data from Lookonchain revealing that a whale made a $2 million purchase in a single transaction. Shortly after, another whale followed suit, spending $500,000 to buy 1.16 million $SUNDOG in one go. These massive purchases helped push the token’s market cap past the historic $1 billion mark.
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 Now Ranks Among Top 5 Memecoins Globally
As a result of this surge, $SUNDOG now ranks in the top 5 meme tokens globally in terms of trading volume. This is a major achievement not only for the token but also for the TRON network, which has seen a growing number of meme tokens emerge in recent months.
$SUNDOG IS IN THE TOP 5 VOLUME WORLD WIDE IN MEMES
The remaining CEXs are surely drooling at the mouth to list… and imo every cex wants a piece of the pie.
SEND 🌞🐶 pic.twitter.com/NZWAW3yyhH
— 🧠 investor (@moneymancalls) September 14, 2024
The rapid rise of $SUNDOG highlights the growing appeal of meme tokens, even on networks like TRON, which are traditionally more focused on decentralized applications and DeFi projects. The token’s momentum shows no signs of slowing down, as investors continue to pour significant capital into the market.
With $SUNDOG now firmly in the spotlight, it will be interesting to see whether it can maintain its position as a top contender in the global meme token arena or if other challengers will emerge.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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