Not to let Solana and Base chain dominate the Memecoin track, the public chain TRON (TRON) helmed by Justin Sun officially entered the meme currency field this week and launched the meme currency launch platform " SunPump " to compete with Solana ecological Pump.fun. .
Justin Sun announced that all SunPump revenue will be used to buy back tokens
As the first platform to fairly launch meme coins on TRON, the SunPump Beta version successfully gained market popularity after it was launched on August 13 with its convenient and low-cost coin issuance function and "Gas Fee" reduction activity.
Just yesterday evening, Justin Sun Sun made a big move and announced that all the income earned by SunPump will be used to buy back SUN tokens and destroy them to empower SunPump. What drove SUN's surge also created a trading boom that has become a meme on the platform.
$SUNDOG surges 17,000 times
Among them, the best performer has an astonishing record of an increase of more than 10,000 times. $SUNDOG opened at a low of 0.000036 TRX on Friday and reached a historical high of 0.565437 TRX early this morning (17th) (approximately US$0.076 based on TRX’s current price of 0.1346). ), with the largest increase during the period reaching an astonishing 1713345%.
At the time of writing, it is temporarily trading at 0.43 TRX (approximately US$0.058), down nearly 24% from its high point. The current market value is approximately US$57 million, with a 24-hour trading volume of US$4.45 million, and a total supply of 1 billion.
One user’s return rate exceeded 100 times
According to Lookonchain monitoring data, a trader obtained more than 100 times profit in $SUNDOG.
For example, the address "TEP7...T1da" spent 5,000 $TRX ($650 USD) to buy 6.87 million $SUNDOG, and sold 4.57 million pieces for 522,840 $TRX ($68,000 USD), earning 517,840 in just 7 hours. $TRX ($67,300 USD), a return of up to 104 times.
Currently, this address still holds 2.29 million SUNDOG, with an unrealized profit worth US$76,000.
SUNDOG listed on Huobi
Earlier, Huobi (HTX) also announced that it would list $SUNDOG for the first time today, saying that the token is currently the meme coin with the highest market value on SunPump.
Dynamic zone reminder: Meme coins fluctuate greatly, and users must carefully assess risks.
