The layer-1 blockchain project Tron has recently captured investors’ attention following a substantial rally in its native cryptocurrency, TRX. Amid the August uncertainty, the TRX price surged from $0.117 to $0.17 high last week, registering a 45.3%. This recovery bolstered the TRON Memecoins to gain traction, projecting the potential for renewed bullish momentum.
TRON Memecoin Market Booms with SunPump’s Launch
The Tron ecosystem is making waves in the meme cryptocurrency market following the recent launch of meme coin generator Sunpump. Like Solana’s pump fun, the project allows users to create their own Tron Memecoins.
The success of Sunpump drove TRON network revenue to $5.4 Million on August 21st and bolstered the current recovery. Moreover, Justin Sun announced that 100% of SUN token revenue will go towards token burn, sparking positive community sentiment and driving momentum for the Sun Pump token.
Sundog (SUNDOG)
Among the Tron Memecoins, the dog-themed meme cryptocurrency Sundog (SUNDOG) gained quick traction within the crypto community with its massive rally and listing on major exchanges like Bitget, MEXC, and HTX. Launched on August 15th at a $50M market cap, the SUNDOG price showcased a dramatic rally to $0.33 All time high (ATH), before reverting to $0.244.
In the 4-hour time frame chart, the SUNDOG shows sideways action to recuperate its bullish momentum. The post-breakout rally could push the asset to a new high amid strong community backing.
Suncat (SUNCAT)
Suncat (SUNCAT) is a meme asset that has gained attention within the Tron ecosystem, particularly following its launch as part of the SunPump platform. SUNCAT’s appeal lies in its community-driven approach and position as one of the first cat-themed tokens.
The SUNCAT price currently trades at $0.00957, boosting its market cap by $9.5 million. The coin has a maximum supply of 1 billion tokens and is traded across crypto exchanges like Huobi, MEXC, and BitMart.
The SUNCAT price has shown a sideways action for nearly two weeks, maintaining stiff support at $0.0073. If the bottom support holds, the buyers could breach the overhead trendline to signal the directional rally.
SunWukong (SUNWUKONG)
Unlike other Tron Memecoins, SunWukong (SUNWUKONG) received investors’ attention following the success of the popular video game Black Myth: Wukong. The token recently experienced a significant surge, reaching an all-time high of $0.036 after Justin Sun changed his profile picture on X (formerly Twitter) to an image of Sun Wukong.
However, the SUNWUKONG price retraced to $0.0093 while boosting a market cap of $9.23 Million.
According to Coingecko, SunWukong coin is traded on prominent exchanges such as MEXC, XT.COM, and BitMart.
Frequently Asked Questions (FAQs)
The launch of the SunPump platform has significantly boosted the TRON memecoin market
SUNCAT is currently trading at $0.00957, with a market cap of $9.5 million. The token has shown sideways action near the $0.0073 support zone
SunWukong experienced a significant price surge to $0.036 after Justin Sun changed his profile picture to Sun Wukong on X (formerly Twitter), capitalizing on the popularity of the video game Black Myth: Wukong.
Sahil Mahadik
Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/top-3-tron-memecoins-to-flip-50-into-500-in-september/
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