Sundog Token Surges 25% as SunPump Meme Coin Generator Shakes Up Tron Ecosystem. Read CoinChapter.com on Google News
NOIDA (CoinChapter.com)— Sundog, a TRX-based token, experienced a surge on Wednesday, rising approximately 25% and trading at about $0.25. This increase follows the token’s recent listings on several mid-tier exchanges, which have expanded its reach.
The Sundog token’s market capitalization briefly exceeded $250 million, reflecting growing interest within the Tron ecosystem as traders explore new opportunities in the memecoin market.
SunPump Meme Coin Generator Fuels Sundog’s Rise
The launch of SunPump, a new meme coin generator, might be responsible for the recent performance of the Sundog token within the Tron ecosystem. SunPump aims to challenge platforms like Solana’s Pump.fun by offering a Tron-based alternative that could attract a similar user base.
SunPump partnered with DWF Labs.
With support from Tron founder Justin Sun and a partnership with DWF Labs, the SunPump meme coin generator has quickly drawn attention.
DWF Labs’ involvement has directly influenced the recent performance of the Sundog token. As a key partner in the launch of SunPump, DWF Labs brings substantial market-making expertise and resources to the project, enhancing its visibility and appeal within the Tron ecosystem.
The partnership has boosted confidence in the SunPump meme coin generator and played a pivotal role in driving the Sundog token’s surge. Furthermore, by backing SunPump, DWF Labs signals its belief in the platform’s potential, which has attracted traders and investors to Sundog.
As traders experiment with the SunPump meme coin platform, the Sundog token has seen a noticeable uptick in market activity. The initial excitement is evident, but the long-term impact of SunPump on Sundog and the broader Tron ecosystem remains uncertain.
However, the project’s success will likely depend on how SunPump develops and whether it can sustain the interest it has generated.
SUNDOG Price Drops After ATH
Meanwhile, the SUNDOG token’s price reached a new all-time high on Aug. 21. The price action was unsurprising since many new tokens reached new heights as traders reacted to the hype.
SUNDOGUSD daily price chart with RSI. Source: Tradingview
Should the SUNDOG USD pair restart its uptrend, the token could rally up to the resistance near $0.32. Moreover, breaking and consolidating above the immediate resistance might help the latest token in the Tron ecosystem rise to the resistance near $0.57, charting a new ATH.
On the other hand, profit booking could force SUNDOG price to drop to the 0.382 FIB support near 0.145. Moreover, dropping below the immediate support level could bring the 0.236 FIB support level near $0.09 before recovering.
The RSI for SUNDOG remained neutral, with a score of 61.58 on the daily charts.
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