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- SunPump memecoin hype has seen TRON (TRX) value, quantity and income surge.
- Following SunPump’s launch, the 24-hour income on TRON spiked to an all-time excessive of $3.84 million
TRON (TRX) continues to guide the altcoin market’s high cryptocurrencies by market cap after experiencing important positive aspects over the previous 24 hours.
After breaking above the $0.14 resistance stage reached final in late June, TRX continued larger to hit costs close to $0.17 and see its market capitalization rise to over $14.3 billion. Whereas nonetheless outdoors of the highest 10 by market cap, the cryptocurrency is simply off 10th spot at the moment occupied by Dogecoin that has a market cap of $15.1 billion.
TRON income surges amid meme coin hype
As TRX value soars to see bulls goal the all-time peak reached over the past bull market, there’s contemporary momentum more likely to make this quest achievable.
This pertains to the huge hype that at the moment surrounds SunPump, the truthful launch platform for meme cash on TRON. On-chain information from Dune Analytics exhibits that SunPump has seen over 20,880 meme cash launched since its debut.
It’s a milestone that has catapulted income for the memecoin launch platform and for TRON. SunPump income as on the time of writing stood at 8,353,268 TRX, or about $1.38 million.
Notably, the 24-hour income for TRON has spiked to an all-time excessive of $3.84 million amid the SunPump hype.
After the launch of #SunPump, the 24-hour income on #TronNetwork hit a brand new all-time excessive of $3.84M! pic.twitter.com/IXs0fIhndV
— Lookonchain (@lookonchain) August 21, 2024
In the meantime, TRON’s whole income over the month exceeds $161 million, in contrast to over $45 million and $21 million for Ethereum and Solana.
The meme coin platform’s large traction – together with with the outperformance of the Sundog (SUNDOG) meme coin – has helped TRON outpace Ethereum and Solana in 24-hour quantity.
In a publish on X on Aug. 21, TRON founder Justin Solar touted the expansion potential for TRON community’s exercise and SunPump’s quantity, noting these metrics would “see a 100% each day progress.”