Growth in the Tron Memecoin Sector Exceeds 25 Percent
With a market valuation that is now more than $186 million, the Tron memecoin sector had a jump of more than 23 percent today. Additionally, the 24-hour trading volume of memecoins on Tron topped $70.3 million.
The Tron memecoins that have seen the most significant gains today are Sundog, which has seen a rise of more than 75%, and Tron Bull Coin, which has seen a rise of 27%. Additionally, according to statistics provided by CoinGecko, Suncat had a rise of about 24 percent today.
In addition, Tron memecoins had a remarkable increase in value over the course of the last week, with Sundog being the most noteworthy of them, with a jump of more than 107%.
As a result of the LIBRA affair, which also brought the Solana ecosystem to its knees, the memecoin industry as a whole has lately been hammered particularly hard. Within a short period of time following its inception, the market capitalization of the cryptocurrency known as LIBRA dropped by more than $4.4 billion.
With a trading volume of approximately $6.1 billion over the course of twenty-four hours, the memecoin sector has seen a 1.8% increase today.
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