Why did it rise 56.33% today? Has it peaked?
SUNDOG opened at a low of 0.000036 TRX on Friday and hit a record high of 0.565437 TRX in the early morning of today (17th) (about 0.076 USD based on the current TRX price of 0.1346). The maximum increase during this period reached an astonishing 1713345%.
Today's 24-hour increase reached 56.33%. Thanks to HTX's launch of SUNDOG perpetual contracts and a themed airdrop worth 100,000 USDT on the 18th. In addition, on the 17th, the TRON chain Meme coin SUNDOG said that in order to thank the TRON community, it would distribute SUNDOG tokens worth 1 million USD to 500,000 TRX holders.
In addition to $SUNDOG, SunPump also has meme coins that have risen by more than 10,000% in the past 24 hours, including $FOFAR and $TINU.
Obviously, Justin Sun wants to use the current situation of Solana and Pumpfun to find eye-catching things, and wants to make TRON the connection center of Bitcoin's L2 ecosystem and "Gas-free" stablecoins to ignite a new era of encrypted payments. Although the one-click meme coin platform developed by Sun Ge is unlikely to enter an adjustment period in the short term, after all, this is not the last bull market. At present, the market continues to cut interest rates to return a wave of liquidity. It is possible that meme coins will collapse in the short term, but we can doubt character instead of vision. The "metaphysical effect" after Sun Ge's entry remains to be seen.
