SUNDOG may be able to replicate the miracle.
In August 2024, Bitcoin and Ethereum fell sharply and fell into sideways fluctuations. The market urgently needs new stimulation, and Meme coins have once again become the focus of investment. In the past two weeks, the Meme coin market has been extremely hot, with a large amount of funds pouring in, and the community is hotly discussing who the next "Golden Dog" will be.
Previous meme seasons were dominated by chains such as Ethereum, Solana, and BSC, but this time, TRON emerged as a dark horse. The top meme SUNDOG on TRON has performed well since its launch 10 days ago, attracting the attention of the entire cryptocurrency community. The SunPump behind it and the entire TRON ecosystem have demonstrated strong narrative capabilities.
4,000+ times in 10 days, SUNDOG is not inferior to SHIB and PEPE. Since its birth, SUNDOG has been growing rapidly like a rocket. On August 16, SUNDOG was launched on SunPump, the first Meme fair launch platform of TRON ecosystem. Its market value exceeded 10 million US dollars in less than 3 hours after its issuance, and it was listed on Huobi HTX on the first day. In the early morning of August 19, SUNDOG's market value exceeded 100 million US dollars for the first time, and its refresh speed is comparable to PEPE.
As of August 26, SUNDOG has increased by more than 4,100 times, with a market value of more than $260 million. In comparison, PEPE increased by about 260 times 10 days after its launch. Other well-known memes such as SHIB, BONK, and FLOKI often take longer to explode. The wealth effect of SUNDOG in its first week has surpassed most of the top memes.
Entering Meme, TRON has a great opportunity
The rise of SUNDOG is of great significance to TRON, which indicates that TRON is redefining the way of playing Meme. Although SUNDOG still needs time to prove its vitality, its success is inseparable from the combination of time, place and people.
Time
Solana's Meme performed well in the first half of the year, but at that time the market was focused on Bitcoin, Ethereum's spot ETF, halving and other narratives. Now, with the market downturn and investors seeking new targets, the emergence of SunPump fills this gap and becomes one of the most successful wealth effects in the second half of the year. TRON seized the opportunity at this time and opened a new chapter of Meme.
Geographical advantage
As the second largest public chain in terms of TVL, TRON holds 99% of USDT reserves and provides a favorable ecological environment. In addition, TRON's strong profitability provides a solid foundation for ecological development. When SunPump was first launched, it brought a 99% gas fee reduction and a $10 million Meme ecological incentive plan, attracting a large number of investors and project parties. TRON's partnership with Huobi HTX and Poloniex has enabled the Meme project to quickly go online on the top exchanges and quickly gain market attention.
People and
The success of a meme project is often inseparable from key figures. DOGE took off due to Musk's support, and PEPE benefited from the promotion of KOLs. Behind SUNDOG stands TRON founder Justin Sun, who personally promoted SunPump and actively participated in discussions on social media, greatly promoting the popularity of TRON's ecological meme. Compared with other public chains, TRON, under the leadership of Justin Sun, is more likely to create a meme project with topicality and popularity.
Dimensionality reduction strike, SUNDOG may be the template for the next miracle
The rapid rise of TRON ecosystem in the meme field is not accidental. With strong financial support and the leadership of Justin Sun, the success of SUNDOG seems to be a matter of course. And this is just the result of TRON's involvement in the meme market for more than 10 days, and there is still huge potential to be explored. With the continuous promotion of Justin Sun, SUNDOG's wealth effect may become a replicable example.
In addition, other high-quality projects on the SunPump platform, such as FOFAR, SUNCAT, SUNWUKONG, DRGN, etc., have also landed on Huobi HTX. TRON-related memes are rapidly forming a group effect. TRON is now becoming a new continent in the meme field. Continued attention may dig up the next wealth opportunity.
SunPump's core advantage: low cost
One of the keys to SunPump’s rise in the Meme ecosystem is its low transaction fees. In the context of the current sluggish market, SunPump has attracted a lot of funds, especially from the Solana Meme ecosystem, with its low fee advantage.
Compared with Solana, the gas fees of the TRON network are significantly lower, which is especially important for frequent transactions of Meme coins. On the TRON network, SunPump’s transaction fees have been reduced to 0.76 TRX per transaction, with the average fee per transaction being only $0.118. This low cost attracts many users, but here are some other key factors:
Further optimize transaction costs on TRON:
Although the transaction fees on the TRON network are already low, there are still some strategies for frequent users to further reduce costs:
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