Meme coin prices are surging as retail investor appetite for new meme coins shows no signs of slowing down, and now Pepe Unchained next pump?
Wow, just wow! Yes you read the headline correct. Sundog is up 500,000% in just 5-days as Tron memes completely explode in volume and transactions. The knock on effect in TRX price has also been apparent.
ME AND THE HOMIES THAT TOOK THE LEAP OF FAITH BRIDGING OVER TO $TRON BEFORE ALL THE SNIPERS, JEETS, BUNDLES AND AUTOMATED TOOLS.
PRINTOOR STAYS ON BRRRRR 🥶 pic.twitter.com/RsNJbsVQfc
— ///Steki.eth (@stekisteks) August 21, 2024
The explanation might be as simple as we ran out of narratives on Solana, Ethereum and Base and everyone was looking for something fresh to get into, and if there’s anything we all know in crypto, it is that Justin Sun is always good for a pump, and refuses to lose face.
Sundog Explodes Whopping 500,000% In Just 5 Days, But Why?
$265M market cap and nearly $15M in volume with exactly 10.000 holders. That’s what we’re looking at for Sundog in just 5 days and 10 hours of launch.
Incredible considering no one was on Tron before to get into meme coins. Explanation will be as simple as Sundog being one of the first coins to bond on sun pump and getting traction. It really doesn’t take more.
What’s incredible about these launches is they’re for the part very well distributed making it very hard to scam people. However another good and bad thing that makes them ultra good for pumping is the low amount of liquidity.
Right now Sundog is sitting around 1.5% of market cap as liquidity with half of it being TRX and the other half Sundog meaning it won’t take much to empty the liquidity pool and you won’t be able to sell as there’s no TRX.
But on the other hand, it’s super good for pumping memes very high, and to date I have never seen a liquidity pool actually emptied, so lets leave that chance to 0%.
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Justin Sun, Will He Keep Pumping Our Memes?
Tonight will be unprecedented, but the only difference is that we are ready. @sunpumpmeme
— H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 21, 2024
Probably the biggest reason for the unrelentless amount of pumping of Tron based meme coins these past few days. Justin Sun relentlessly posting shillyannouncements. Just like he did when Tron came around and pumped immensely.
For now all we can do is put Justin Sun on notifications to see what he has to announce later. One thing is for sure, he is one hell of a pumper and there’s speculation that him and his team has been buying alts such as Sundog to pump the ecosystem!
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
