Over the past few years, meme coins have made their own reputation in the cryptocurrency industry. At one point, some meme coins became the focus of investors. There was a time for Doge, then shiba inu, pepe and now it seems that crypto whales are interested in the latest meme coin on Tron, SUNDOG.
This fun dog-themed token has skyrocketed by a staggering 433% in just one month. It has gained 67% in the last 7 days, leaving traders excited about its potential. As big investors pile into SUNDOG, many are wondering – could the coin hit $1 soon? With whale activity pushing its value up, SUNDOG is currently the hot topic in the meme coin market, and it shows 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 founder Justin Sun introduced the SunPump platform. The platform aims to promote fair meme coin projects.
Although it started as a simple Meme Coin, it has grown rapidly. The increasing liquidity on the Tron blockchain is a key factor behind its popularity. Justin Sun’s allocation of $10 million to the Meme Ecosystem Enhancement Incentive Program has also increased the coin’s credibility. The initiative supports emerging tokens and helps prevent fraud.
Whale Activity Pushes Prices Up
SUNDOG’s price has seen a major boost thanks to whale activity. Recently, a crypto whale purchased 3.52 million SUNDOG tokens, causing a 27% spike in price. The move pushed the price from $0.305 to $0.373. Currently, the token is trading at $0.3, with a 60% increase in trading volume.
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 the $1 billion mark.
Factors Driving the Popularity of SUNDOG
There are many factors that have contributed to SUNDOG’s rapid growth. First, active listings on major exchanges such as KuCoin, MEXC, Bybit, and Gate.io have increased awareness. In addition, increased support from whales and the Meme Ecosystem Enhancement Incentive Program have strengthened investor confidence.
With the current momentum, SUNDOG could quickly reach the $1 mark and become the top Meme Coin coin on the Tron network.