In August 2024, following substantial declines, Bitcoin and Ethereum entered a prolonged period of sideways oscillation. As the market needed new stimuli, meme coins once again became the focus of investors.
Bitcoin and Ethereum experienced extended periods of sideways movement following substantial declines in August 2024. As the market yearned for fresh stimuli, meme coins once again became a focal point for investors. Over the past two weeks, the meme market has exhibited exceptional vitality.
Inspired by rags-to-riches narratives, a vast amount of capital has surged into the market, and the crypto community is abuzz with discussions on who will emerge as the next golden dog.
In previous meme seasons, Ethereum, Solana, BSC, and other chains were the main contenders. However, this time, a new player from this domain has taken the lead: TRON.
Currently, TRON’s top meme coin, SUNDOG, has been available for 10 days, and its stellar performance has captivated the entire crypto sphere. Moreover, SunPump and the broader TRON ecosystem have demonstrated a remarkable ability to generate compelling narratives.
4,000+x in 10 Days: SUNDOG on Par with SHIB and PEPE
Since its inception, SUNDOG has soared rapidly, becoming a top coin within just 10 days, with performance even comparable to some established meme coins. On August 16, SUNDOG was unveiled on SunPump, the first platform dedicated to the fair launch of meme coins within the TRON ecosystem. Within less than 3 hours of issuance, its market capitalization surged past $10 million.
Due to SunPump’s partnership with HTX, SUNDOG, as the project with the highest market capitalization on SunPump, was listed on HTX on the first day of its launch. At dawn on August 19, less than 3 days after its launch, SUNDOG’s market capitalization exceeded $100 million for the first time. It’s worth noting that PEPE, the most successful meme coin in recent years, took 4 days from launch to reach a market cap of $100 million.
As of the evening of August 25 (UTC), SUNDOG has surged over 4,100x since its launch, with a market capitalization exceeding $260 million. In comparison, PEPE saw a rise of about 260x within the first 10 days after its launch. Other well-known meme coins with high market cap rankings, such as SHIB, BONK, FLOKI, etc., all remained蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰伏蛰
