In recent years, meme coins have made a name in the crypto industry. From time to time some meme coins become a main target for investors. There was a time for Doge, then shiba inu, pepe and it looks now the crypto whales are interested in the latest meme coin on Tron, SUNDOG.
This playful dog themed token has skyrocketed with a jaw dropping 433% increase in just one month. In the last 7 days alone, it surged by 67%, leaving traders excited about its potential. As big investors flock to SUNDOG, many are wondering – could this coin hit the $1 mark soon? With whale activity driving up its value, SUNDOG is now a hot topic in the meme coin scene, and it’s showing no signs of slowing down.
What is SUNDOG?
SUNDOG is the leading dog-themed meme coin on the Tron network. It was launched on August 15, shortly after Tron creator Justin Sun introduced the SunPump platform. This platform aims to promote fair meme coin launches.
While it began as a simple meme coin, it has grown rapidly. Its rising liquidity on the Tron blockchain is a key factor behind its popularity. Justin Sun’s $10 million allocation to the Meme Ecosystem Boost Incentive Program has also boosted the coin’s credibility. This initiative supports emerging tokens and helps prevent rug pulls.
Whale Activity Boosting Price
SUNDOG’s price has seen a major boost due to whale activity. Recently, a crypto whale bought 3.52 million SUNDOG tokens, causing a 27% price spike. This move pushed the price from $0.305 to $0.373. As of now, the token is trading at $0.3, with trading volume up by 60%.
With whales investing heavily in the coin, its market cap has surged to $360 million. If this trend continues, SUNDOG’s market cap could soon hit $1 billion.
Factors Driving SUNDOG’s Popularity
Several factors have contributed to SUNDOG’s rapid growth. First, its aggressive listing on major exchanges like KuCoin, MEXC, Bybit, and Gate.io has increased its visibility. Additionally, the growing support from whales and the Meme Ecosystem Boost Incentive Program has driven investor confidence.
With its current momentum, SUNDOG could be on its way to reach $1 and become the top meme coin on the Tron network.
