Tron Sundog Token Soars 25% Amid SunPump Memecoin Generator Hype

Sundog, a Tron-based token, surged 25% as traders flocked to the newly launched SunPump memecoin generator. Tron founder Justin Sun predicts significant revenue growth, with the potential to reach $4 billion if the meme strategy succeeds.

The Tron-based token Sundog experienced a significant surge on Wednesday, jumping about 25% as excitement builds around the recently launched memecoin generator SunPump. As of 1:50 p.m. EST, Sundog was trading at approximately $0.25, bringing its market capitalization to over $250 million, according to CoinGecko data.

This rise in Sundog’s value coincides with the launch of SunPump, a Tron-based memecoin generator that aims to rival Pump.fun, a similar platform operating on the Solana blockchain. Since its January launch, Pump.fun has facilitated the creation of nearly 2 million tokens, generating nearly $100 million in revenue. SunPump aims to capitalize on this trend and bring similar success to the Tron ecosystem.

On Wednesday, SunPump announced a strategic partnership with DWF Labs, a prominent web3 investor and market maker. The collaboration is expected to enhance SunPump’s capabilities and drive further growth in the memecoin market.

Tron founder Justin Sun has been actively promoting SunPump, projecting that the platform could significantly boost Tron’s revenue. In a post on X, Sun stated, “Conservatively, in the next 12 months, Tron’s total revenue could hit $3 billion, with $1 billion burned and $2 billion given as rewards to stakers and for transaction subsidies. If the meme strategy succeeds, it could reach $4 billion.”

Sun also highlighted a surge in activity on the Tron network, with around 9 million transactions recorded on Wednesday. He announced that a new version of SunPump would be launched on Thursday, promising improved stability and addressing reported data discrepancies and K-line issues.

Meanwhile, Tron’s native token, TRX, has seen a 20% increase in value over the past week, further reflecting the positive momentum surrounding the platform and its latest developments.

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