In a surprising turn of events, Sundog ($Sundog- a memecoin on the Tron blockchain), has become the second-highest traded token on RabbitX, recording an impressive 14.5 million in trading volume. This sudden spike reflects the growing interest of investors in the token, with over a thousand unique traders flocking to open positions in just three days as per RabbitX.
$SUNDOG Traders are TAKING OVER RabbitX!
Within 24 hours after the market launch, @SUNDOG_TRX has become the second most traded market on RabbitX. 🤯🤯🤯
Get your piece of the 200,000 $SUNDOG prize pool by trading at https://t.co/jAvmLA1qcs pic.twitter.com/UuII0zBy1E
— RabbitX 🐇 Get 📲 App Now! (@rabbitx_io) September 13, 2024
The memecoin community is showing no signs of slowing down, with speculation that the token is poised for significant growth. The majority of the marketing through social media is working in its favor as the pages are buzzing with traders and investors wondering what’s new in store?
Sundog’s Recent Performance
At $0.3367 per token, the memecoin has seen a price increase of 12.84% in the last 24 hours, further fueling optimism within the community. The token’s all-time high price was $0.3723, recorded on September 12, 2024. With Bitcoin still leading the market, the tokens’ rapid uphill climb has caught the attention of many investors and traders which has contributed to its increasing visibility.
According to Coinmarketcap, recently over $2.5 million purchase were made by a whale indicating the increasing confidence in the memecoin’s potential which might be one of the key factors to watch out for. As far as the long-term aspect is concerned, the memecoin’s increasing adoption of centralized and decentralized exchange platforms could contribute to its sustained growth.
As the crypto market evolves, all the eyes are on Sundog and if it will be able to make it to the moon.
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Source: https://www.cryptonewsz.com/sundog-memecoin-trading-volume-surges-rabbitx/