🔴 Many tokens have grown by more than 1000%. What is the reason why $TRX and Tron Ecosystem have exploded in recent days?
1. The emergence of Sun Pump. Grasping the high-risk mentality of investors, Justin Sun launched the Meme Fair Launch called Sun Pump on August 12. This product has received positive responses from traders, helping Tron Network attract great attention.
Many memecoins on Tron Blockchain have increased strongly in price such as SUNDOG, SOFAR, ... with an increase of over 100%, even more than 1000%. However, investors should note that high profits often come with high risks.
2. The development of Tron blockchain. Besides the Memecoin craze, Tron blockchain also recorded remarkable developments in 2024. According to Token Terminal, Tron blockchain has surpassed Ethereum with fee revenue reaching nearly $435 million in the past 90 days, more than 50% higher than Ethereum's $364 million.
Since the beginning of 2024, Tron network's cumulative revenue has skyrocketed to $1.4 billion - leading the entire Crypto market. TRX (TRON) token price has increased by more than 20% since the beginning of the week, currently trading around $0.163.
