SUNDOG may be a replicable miracle.
In August 2024, after a sharp drop in Bitcoin and Ethereum, they fell into a continuous sideways shock. When the market needed new stimulation, Meme coins once again became the focus of investors. In the past two weeks, the Meme market has been extremely hot. Inspired by the myths of wealth creation, a large amount of funds have rushed into the Meme market, and the crypto community has also actively discussed who will be the next golden dog.
In previous meme seasons, Ethereum, Solana, BSC and other chains were the main players, but this time, the leader is a new player from this track: TRON. At present, the top meme SUNDOG on TRON has been online for 10 days, and its excellent performance has attracted the attention of the entire cryptocurrency circle. The SunPump behind it and the entire TRON ecosystem have also shown the ability to create a more powerful narrative.
4,000+ times in 10 days, SUNDOG is not inferior to SHIB and PEPE
SUNDOG has been like a rocket since its birth. It has grown rapidly and became a top-tier coin in just 10 days. Its performance can even be compared with some legendary Meme coins. On August 16, SUNDOG was launched on SunPump, the first Meme fair launch platform in the TRON ecosystem. Within 3 hours of its release, its market value exceeded 10 million US dollars. Since SunPump has established a cooperative relationship with Huobi HTX, as the project with the highest market value on SunPump, SUNDOG was launched on Huobi HTX on the first day. In the early morning of August 19, less than 3 days after its launch, SUNDOG's market value exceeded 100 million US dollars for the first time. You know, it took 4 days for PEPE, the most successful Meme coin in recent years, from its launch to its market value exceeding 100 million.
As of the early morning of August 26th, Beijing time, SUNDOG's growth after its launch exceeded 4,100 times, with a market value of more than 260 million US dollars, while PEPE's growth in the first 10 days after its launch was about 260 times. Some other well-known memes with high market value rankings, such as SHIB, BONK, FLOKI, etc., were silent for a long time after their launch before they exploded. It can be said that the wealth effect brought by SUNDOG's first week of launch has exceeded that of most top memes.
Entering the Meme Market, TRON Has the Right Time, Right Place and Right People
Of course, SUNDOG needs to prove its vitality in a longer timeline before it can be truly compared with legends such as PEPE. However, SUNDOG's sudden rise has a greater significance, that is, TRON is redefining the way to play Meme. On August 13, Justin Sun, the founder of TRON and member of the Huobi HTX Global Advisory Committee, announced the launch of SunPump, and TRON entered the Meme field. In just one week, TRON had the first Meme project with a market value of over 100 million. This strong rise can be said to be the result of the combined effect of people, place, and time.
â People and
Looking back at the development history of some top memes, the added influence of important figures is huge. DOGE is the first meme in the cryptocurrency circle, and it really took off after it became associated with Musk; the rapid growth of PEPE is also related to the early large number of KOLs shouting orders and driving community enthusiasm. And SUNDOG, and even the entire TRON chain Meme project, is born with a bond with one person, he is one of the most talked-about figures in the crypto world: Justin Sun.
On August 13, Justin Sun announced the launch of SunPump. Since then, he has spared no effort to promote SunPump and TRON on social media, X Space, and in communities, and even played memes himself to attract attention to Meme. At the same time, he received user feedback while urging the SunPump team to improve the platform. This enthusiasm is the best guarantee for the long-term traffic of TRON ecosystem Meme.
Memes have existed for a long time on public chains such as Ethereum, Solana, and BSC, but these chains lack a meme leader, so it is difficult for different projects to form a synergy and jointly create a wealth effect, which makes it more of a gamble for users. Under the guidance of Justin Sun, the TRON ecosystem is more likely to produce topical and popular meme projects.
â Geographical advantage
TRON is the second largest public chain in terms of TVL and holds 99% of USDT reserves, which provides an excellent soil for the ecological explosion. At the same time, TRON is the most profitable public chain. On August 21, its daily revenue reached 5.33 million US dollars, a record high. This gives TRON the confidence and ability to provide more support for the development of the ecosystem. SunPump launched a 99% gas fee reduction activity at the beginning of its launch, and launched a $10 million Meme ecological incentive plan on August 15. Coupled with SunPump's low handling fees, TRON has great appeal to investors and project parties.
For other meme coins, listing on top exchanges is often a hurdle and takes a long time, but TRON ecosystem meme has unique advantages. Due to the partnership between TRON and Huobi HTX and Poloniex, a good interaction has been formed between the public chain ecosystem and exchanges. High-quality meme projects can be listed on top exchanges at the first time, driving a new round of growth through the market advantages of exchanges; and exchanges can also use the wealth effect of meme to attract more users and increase their voice.
â Time
In fact, in the first half of this year, the Solana ecosystem meme driven by Pump.fun also achieved good results. However, at that time, Bitcoin and Ethereum received more attention and the market was hot around narratives such as spot ETFs, halving, and Dencun upgrades. Now, SunPump has emerged when the market is sluggish, liquidity is scarce, and investors are eager to find new targets, creating one of the most magical wealth effects in the second half of the year so far. It can be said that TRON seized the opportunity at the right time.
Dimensionality reduction strike, SUNDOG may be a replicable miracle
With fertile financial soil, an outstanding leader, and a little market favor, it seems natural for a new meme like SUNDOG to be born on TRON. More importantly, this is just the result of TRON's involvement in the meme field for just over 10 days. There is still a huge potential for funds and traffic on TRON that has not been tapped. With Sun Yuchen's continued efforts, SUNDOG's wealth effect is likely to be replicable.
After SUNDOG, other high-quality projects on SunPump, such as FOFAR, SUNCAT, SUNWUKONG, and DRGN, have also been listed on Huobi HTX. TRON-related Memes are rapidly forming a group advantage. At present, TRON is like a new continent in the Meme world. If you continue to pay attention, you may dig up the next bucket of gold.
