With the launch of the SUNPUMP platform and the explosive growth of MEME coins on it, the SUN token has shown strong upward momentum. In just one week, the price of SUN has risen more than four times, especially after Justin Sun revealed that the revenue from the protocol will be used to buy back and destroy SUN tokens. This move has greatly reduced the circulation in the market, forming a strong support. In addition, although there have been some seemingly negative news recently, such as the large-scale shipment behavior of Justin Sun's associated address three years ago, this may just be to clear the longs and pave the way for further increases. Otherwise, the coins can be transferred to exchanges for sale. There is no need to show you on the chain. Besides, millions of dollars are just drizzle for Brother Sun. Have your own understanding and judgment of some news.
Sun Yuchen also released positive signals on his Twitter account with millions of followers, suggesting that the SUN community plans to consume its first income. This news is seen as further positive and may drive the price of SUN tokens to continue to rise. Against the backdrop of the current surge in traffic and revenue, the market value of SUN tokens is still low and has great growth potential.
Why are you optimistic about SUN’s future?
Buyback and Burn Program: The buyback and burn mechanism of protocol revenue directly reduces the supply of tokens on the market, driving prices up.
Strong market demand: The high market value and growth rate of MEME coins on the SUNPUMP platform demonstrate the market's interest and participation in the platform.
Active community participation: The driving force of Justin Sun and his community is an important factor in the continued growth of the SUN token, especially after the announcement of the long-term incentive and revenue plan.
Preparation for clearing long positions: The recent price pullback and negative news may just be clearing obstacles for a larger rise, and the market is ready for the next wave of gains.
SUN tokens have good long-term growth potential. The current market value is still very low. Some of the local dogs issued on it have reached hundreds of millions of US dollars, while SUN, as a platform currency, is only about 300 million US dollars. It will soon reach billions of US dollars! SUNPUMP has shown explosive traffic growth, surpassing SOL's MEME coin issuance platform. With the implementation of the repurchase and destruction plan, the continued growth of market demand, and the active promotion of the community, SUN tokens have a promising future.
