Is Justin Sun Manipulating TRON Meme Coin Mania with SUNDOG?

Justin Sun is accused of manipulating the market with his new meme coin SUNDOG, as rumors swirl about his alleged partnership with market maker Gotbit to pump TRON SunPump platform and draw in thousands of users. Speculation is growing that Sun aims to turn TRON into the go-to blockchain for meme coins.

Justin Sun, the mastermind behind TRON, is no stranger to controversy, but recent accusations have escalated to a new level. Sun is now being accused of manipulating the market with his latest meme coin, SUNDOG. The coin market cap skyrocketed from $2 million to $200 million in just a few days, thanks to the buzz generated by Sun new platform, SunPump.

This rapid rise has sparked widespread speculation that Sun and his team might be pulling the strings behind the scenes, ensuring they reap the financial rewards. The crypto community is abuzz with whispers that Sun and a secretive team within TRON are engaging in classic “pump-and-dump” schemes—artificially inflating the price of a crypto before dumping their holdings for profit, leaving regular investors at a loss.

Adding fuel to the fire, rumors suggest that Sun might not be acting alone. Allegedly, he has partnered with Gotbit, a market maker known for aggressive tactics. Word on the street is that Sun hired Gotbit to pump up the SunPump platform, with SUNDOG as their first major success. In a short period, SUNDOG’s market cap soared to $250 million, further fueling suspicions of market manipulation.

There’s even talk that Gotbit might be behind the TRON meme trading NFD bot, which has attracted over 25,000 users a day. If true, this partnership could be Sun’s attempt to lure the “degen” crowd—high-risk traders—over to the TRON blockchain, possibly in a bid to outshine competitors like Solana.

Despite the controversy, TRON price has been on an upward trajectory, contrasting with Ethereum’s decline. From a low of $0.0452 in 2022, TRON price has climbed back to $0.166, marking a 118% increase since the start of 2022. Sun, never shy about promoting his projects, recently stated:

“TRON and crypto memes are just starting to pop off! I’ve got a strong feeling that a billion-dollar TRON memecoin is on the horizon, and I hope you’ll be a part of it. Let’s make moves!”

Some observers speculate that Sun ultimate goal is to create a TRON meme coin meta, similar to what Alameda Research did for Solana when SOL was undervalued. If successful, this could redefine TRON position in the market, transforming it into the premier blockchain for meme coins and high-risk traders.

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