{"id":16284,"date":"2024-08-21T15:30:28","date_gmt":"2024-08-21T12:30:28","guid":{"rendered":"https:\/\/forklog.com\/en\/tron-surpasses-cardano-amid-sunpump-meme-token-platform-surge\/"},"modified":"2024-08-21T15:30:28","modified_gmt":"2024-08-21T12:30:28","slug":"tron-surpasses-cardano-amid-sunpump-meme-token-platform-surge","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tron-surpasses-cardano-amid-sunpump-meme-token-platform-surge\/","title":{"rendered":"TRON Surpasses Cardano Amid SunPump Meme Token Platform Surge"},"content":{"rendered":"<p>On August 20, TRON (TRX) re-entered the top 10 cryptocurrencies by market capitalization, overtaking Cardano (ADA) on CoinMarketCap. Over the past week, TRX prices rose by 17%, surpassing $0.15 for the first time since May 2021.\u00a0<\/p>\n<p>A key driver of the cryptocurrency&#8217;s growth was the launch of <a class=\"tracking_link\" href=\"https:\/\/sunpump.meme\/\" target=\"_blank\" rel=\"noopener\">SunPump<\/a>, a new platform for creating and trading meme tokens.<\/p>\n<h2 class=\"wp-block-heading\">Another Blockchain for Memes<\/h2>\n<p>Since its launch on August 9, SunPump has experienced a surge in activity. According to <a class=\"tracking_link\" href=\"https:\/\/dune.com\/hashed_official\/sunpumpmeme\" target=\"_blank\" rel=\"noopener\">Dune Analytics<\/a>, over 20,000 coins have already been launched on the platform.<\/p>\n<p>TRON founder Justin Sun is promoting TRON as the new blockchain for meme tokens on social media platform X.<\/p>\n<blockquote class=\"twitter-tweet\" data-media-max-width=\"560\">\n<p lang=\"en\" dir=\"ltr\">On other blockchains, a few hundred million in stablecoins can pop out billion-dollar meme coins. Tron\u2019s got $60 billion+, so we could see dozens of billion-dollar meme coins. Sounds wild, but numbers don\u2019t lie. Don\u2019t fight the data. <a href=\"https:\/\/twitter.com\/sunpumpmeme?ref_src=twsrc%5Etfw\">@sunpumpmeme<\/a><\/p>\n<p>\u2014 H.E. Justin Sun \u5b59\u5b87\u6668(hiring) (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1825787024584094003?ref_src=twsrc%5Etfw\">August 20, 2024<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite><em>&#8220;On other blockchains, a few hundred million in stablecoins can pop out billion-dollar meme coins. Tron\u2019s got $60 billion+, so we could see dozens of billion-dollar meme coins. Sounds wild, but numbers don\u2019t lie. Don\u2019t fight the data,&#8221; he commented.<\/em><\/cite><\/p><\/blockquote>\n<p>At the time of publication, the leading coin on SunPump is <a class=\"tracking_link\" href=\"https:\/\/sunpump.meme\/token\/TXL6rJbvmjD46zeN1JssfgxvSo99qC8MRT\" target=\"_blank\" rel=\"noopener\">Sundog (SUNDOG)<\/a> with a market capitalization of approximately $195 million. According to <a class=\"tracking_link\" href=\"https:\/\/x.com\/ArkhamIntel\/status\/1826009580486447408\" target=\"_blank\" rel=\"noopener\">Arkham<\/a>, an early investor in SUNDOG has already earned $20 million from an initial investment of just $1690. He was one of the first buyers, holding 104.33 million tokens in his wallets.<\/p>\n<h2 class=\"wp-block-heading\">Dogs Are Here to Stay<\/h2>\n<p>Meme coins like Dogecoin first appeared on the market in 2013. They gained particular popularity in mid-2023 amid the industry&#8217;s recovery following the FTX collapse.<\/p>\n<p>Since then, many experts and analysts have <a href=\"https:\/\/forklog.com\/en\/news\/meme-coins-outperform-broader-cryptocurrency-market\">predicted<\/a> the imminent end of &#8220;dog&#8221; tokens, yet interest in them has not waned. According to <a class=\"tracking_link\" href=\"https:\/\/www.coingecko.com\/en\/categories\/dog-themed-coins\" target=\"_blank\" rel=\"noopener\">CoinGecko<\/a>, as of August 2024, the total capitalization of dog-themed coins exceeded $29 billion.<\/p>\n<p>New players regularly enter the market. On August 26, the Telegram app token DOGS will be listed on major exchanges, including Binance and OKX. Developers have allocated 81.5% of the total issuance of 550 billion coins for an airdrop to the community.<\/p>\n<p>The P2E project <a class=\"tracking_link\" href=\"https:\/\/forklog.care\/b_PlayDogeMoneta\" target=\"_blank\" rel=\"noopener\">PlayDoge (PLAY)<\/a> has also launched a presale. The sale of tokens for Ethereum (ETH), BNB, and USDT will conclude on August 26. According to the website, PlayDoge has raised over 6 million USDT at the time of writing.\u00a0<\/p>\n<p>After purchasing, PLAY can be staked. In the future, coin holders will be able to use them to raise a virtual 8-bit pet in a Tamagotchi-style game.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re in the final stage of the <a href=\"https:\/\/twitter.com\/hashtag\/presale?src=hash&#038;ref_src=twsrc%5Etfw\">#presale<\/a>. ? <\/p>\n<p>Are you ready for the best <a href=\"https:\/\/twitter.com\/hashtag\/P2E?src=hash&#038;ref_src=twsrc%5Etfw\">#P2E<\/a> game of the year? ?<\/p>\n<p>Earn <a href=\"https:\/\/twitter.com\/search?q=%24PLAY&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PLAY<\/a> tokens and choose wisely what you feed your PlayDoge! ?\ufe0f<\/p>\n<p>LAST CHANCE TO BUY! ? <a href=\"https:\/\/t.co\/JT0VEofqf2\">https:\/\/t.co\/JT0VEofqf2<\/a> <a href=\"https:\/\/t.co\/L3vML5z3xi\">pic.twitter.com\/L3vML5z3xi<\/a><\/p>\n<p>\u2014 PlayDoge (@PlayDogeGame) <a href=\"https:\/\/twitter.com\/PlayDogeGame\/status\/1823374126381138428?ref_src=twsrc%5Etfw\">August 13, 2024<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In July, CoinGecko experts noted the sustained interest of investors in meme coins.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 20, TRON (TRX) re-entered the top 10 cryptocurrencies by market capitalization, overtaking Cardano (ADA) on CoinMarketCap. Over the past week, TRX prices rose by 17%, surpassing $0.15 for the first time since May 2021.\u00a0 A key driver of the cryptocurrency&#8217;s growth was the launch of SunPump, a new platform for creating and trading [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1401,1150,951],"class_list":["post-16284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cardano-ada","tag-news-plus","tag-tron"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16284"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16283"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}