Sundog (TRX: $SUNDOG) is a meme coin popularized by Justin Sun, the founder of the Tron (TREX) network. It has caught the attention of the crypto community, and has been pumping since its launch. The rise of Sundog has helped to bring the Tron (TRX) network back into the limelight.
A History Of Sundog
Sundog is the main dog-based meme coin on the Tron network, and it aims to ride on the success of dog-themed meme coins like SHIB. Shortly after its launch on August 15, 2024, Justin Sun, the founder of Tron, announced the SunPump platform, designed for the fair launch of meme coins.
SunPump’s launch of the $10 million Meme Ecosystem Boost Incentive Program has also helped to boost the popularity of Sundog and increase its credibility amongst investors. The program aims to ensure investors are protected from rug pulls when they invest in a meme coin.
Whale Activity Boosts Price
In mid-September, the $SUNDOG meme coin caught the attention of whales, with $2 million worth of the token being bought up in one transaction, according to Lookonchain. Soon after the purchase, the price of the meme coin shot up by over 25%.
Sundog Partnership And Listing
The Sundog meme coin team has been working hard to increase its reach, and they recently announced a $2 million launch pool in partnership with Trust Wallet. Before that, KuCoin had announced that the meme coin was listed on their platform.
The listing on centralized exchanges has been crucial to boosting the project’s liquidity, and subsequent rise in price. Sundog is listed on various other exchanges including MEXC, Bybit, Bitget, LBank, and BitMart.
Sundog Price Performance
$SUNDOG is one of the best-performing meme coins of 2024. It has a market cap of $160.81M and a 24-hour trading volume of $142.61M. Its current price of $0.1628 is a 56.27% increase in the past seven days as of Tuesday, November 12, 2024.
Since it hit an all-time low of $0.04197 on August 18, 2024, the price has increased by 291.79%. Meanwhile, it is trading at a 56.47% discount to its all-time high of $0.3778, achieved on September 27, 2024.
Social Media Following
Sundog has managed to amass quite a huge following since its launch in August. Thus far, it has 129.7K followers on X, 20,165 members on its Telegram channel, 12.5K followers on Instagram, and 1,547 followers on TikTok.
How High Could $SUNDOG Rise?
Since its launch, the Sundog meme coin has experienced an explosion in interest. Thus far, it is listed on more than five major centralized exchanges and various decentralized exchanges and has the backing of Justin Sun, the founder of the Tron network.
With the Tron community rallying to Sundog, the launch of the Meme Ecosystem Boost Incentive Program, and the increasing interest from whales, the future of Sundog looks bright. Some analysts postulate that it could hit $1 in 2025, making it the first billion-dollar meme coin on the Tron network. Consequently, adding $SUNDOG to your portfolio could potentially pay off in the medium term.
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