- Ether (ETH) failed to break into $2,800-$3,000 price level and is trading at $2,600.
- TRX outperformed with a massive rally of 10.8% amid SunPump hype.
- SOL, TON, and KAS bled 2.53%, 2.78%, and 2.20%, respectively, in the past 24 hours.
Tron (TRX) surged 10.8% in the last 24 hours, outperforming major cryptocurrencies like Solana, Ether, and Toncoin. The surge is attributed to the rising popularity of SunPump, a meme coin platform launched by Tron founder Justin Sun.
While TRX experienced a significant boost, other leading cryptocurrencies such as Solana (SOL), Ether (ETH), Kaspa (KAS), and Toncoin (TON) faced notable declines during the same period.
According to the data from CoinMarketCap, TRX’s trading volume rose 124.57% to $1.65 billion and the digital asset is currently trading at $0.1594 with a market capitalization of $13.86 billion. Further, the altcoin began the day at a price tag of $0.1439 and hit a daily high of $0.1618. The surge can be attributed to the rising popularity of SunPump, the first meme coin platform on the Tron DAO.
As previously reported, Sun predicts that the popularity of SunPump and meme coins on the Tron blockchain will …
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Source: https://coinedition.com/tron-trx-price-jumps-10-outperforms-major-altcoins/