⚡️ Tron Price In Stress Mode, Memecoin Mania to Push #TRX To $0.5?
The Tron ecosystem is undergoing intensive price volatility in line with the broader market. Over the past 24 hours, TRX has traded within 2 major extremes. Tron (TRX) price fluctuated from a low of $0.1296 to a high of $0.1325. As of writing, the coin is now changing hands for $0.1312, up by 1.06% in 24 hours.
🔸 The #Tron Memecoin Pivot
Tron is one of the top 15 digital currencies but with a very deep foothold in the stablecoin niche. While it has a bigger on-chain transacted volume above Ethereum for USDT, Founder Justin Sun is notably making a big pivot into the memecoin ecosystem.
The logic is simple, and it is to drive more on-chain volume for the Tron Network. The push toward memecoin will also fuel enhanced community participation with potential upside on TRX. In a recent post on X, Justin Sun revealed the injection of $10 million seed capital into its memecoin ecosystem. This funding came from a collaboration of Sunio and the Tron DAO.
sunpumpmeme X trondao $10M Meme Ecosystem Boost Incentive Program - @Justin Sun孙宇晨
This fund is designed to boost projects that launch on Sun Pump, the ecosystem’s dominant launchpad for memecoins. Funding remains a major source to attract new projects and developers. That the Tron Network has the right audience to power this growth is not up for debate. With this funding, the blockchain may see an explosion of memecoins to rival the likes of Ethereum and Solana.
The duo of Ethereum and Solana have recorded huge successes as a result of their memecoin pivots. For Ethereum, projects like Shiba Inu (SHIB) and PEPE, have stood out while BONK and dogwifhat (WIF) have set a major pace for the Solana ecosystem.
Sun is trying to change the narrative, sparking a new round of debate with his recent post to the community. He asked his more than 3.5 million followers on X which memecoin in its ecosystem will first breach the $10 million market cap.
