Introduction
Amidst the market turmoil experienced in the crypto market in recent weeks, the SUNDOG token is getting everyone’s attention by rising from a $2 million market cap to $200 million in just a few days and also surging from $0.002 to $0.20, thereby registering over 500% gain in less than a week.
This increase is noteworthy as the general crypto market has been experiencing ups and downs while the SUNDOG token is registering this massive gain and hitting this milestone.
But what exactly is the Sun Dog project about, and who is behind this project that is making this token experience this large amount of gain in a short time? Continue reading to find out.
What is SunDog?
SUNDOG is a meme token on the Tron blockchain that aims to foster a community around meme humor and culture while providing low transaction fees and rapid processing times.
The founders of SUNDOG are relying on memes to increase community involvement and build a robust ecosystem around the coin.
Memes have proven to be an effective weapon in the digital age, capable of rapidly spreading ideas and attracting a large audience. SUNDOG capitalizes on this tendency, intending to build a community that values both pleasure and finance, and they have succeeded in doing so within a short period.
SunDog follows in the footsteps of other successful meme tokens, such as Dogecoin, WIF, and Shiba Inu, but adds a unique twist by taking advantage of the Tron network’s speed and cheap transaction fees.
Apart from the fast transaction and low fees, Sun Dog also has other exciting features, such as an active and engaged community that is massively contributing to the growth of the SunDog platform and the opportunities that users have to earn through incentives and participation in its ecosystem.
SUNDOG was built as a fair launch, which means there was no pre-sale, and token distribution was designed to be as equitable as possible.
Background and History of Sun Dog
SunDog (SUNDOG) was launched on August 15, 2024, as part of a new generation of meme-based cryptocurrencies that have recently gained popularity.
Although it began as a community effort with the intention of merging humor and blockchain technology, SunDog has evolved into an enterprise with ambitious goals.
The platform aims to become the hub of the global meme fan community by providing various appealing features for users and investors.
SUNDOG token became popular after Justin Sun, founder of TRON blockchain, announced the launch of SunPump, a similar token generator that has taken a notable share in the Pump.fun market share competing with Solana Pump.fun.
With 1 billion tokens in circulation, SUNDOG is the first major meme coin on Sunpump, and the crypto community expects the altcoin to show performance similar to dogwifhat (WIF), a leading meme project on the Solana blockchain.
SUNDOG is the biggest dog meme on TRON; it is also the largest market value meme on Sunpump, and its primary purpose is to build an ecosystem that allows for fast transactions, cheap fees, and significant community interaction.
The Price Change of SUNDOG Token on CoinEx
SUNDOG token was listed on the CoinEX platform on August 21, 2024, and deposit, withdrawal, and trading were made available immediately.
The total market cap of the SUNDOG token has surged to $214 million before settling down at its current market cap.
The lowest price of the SUNDOG token is around $0.002, and the current price is $0.2173, over 500%, as of the time of writing this article on August 21, 2024.
Since its launch, SUNDOG has hit different milestones in a short period; notable of these milestones is the rise in price and market capitalization, which is directly tied to where the token is built on, Justin Sun’s Sunpump platform, the “first meme fair launch platform”.
This Sunpump platform, which is deployed on the TRON blockchain, has significantly influenced the price of SUNDOG because SUNDOG is the first major meme token to be launched on the Sunpump platform.
Other tokens are following suit by launching on the Sunpump platform and also receiving great recognition due to the fast transactions and low fees of the Tron blockchain.
Other factors and trends influencing the price of the SUNDOG token include the engagement and the community ecosystem behind the token and the adoption and launch of different tokens in the meme generator, the Sunpump platform.
Overview
- Name: SUNDOG
- Official link: https://www.sundog.meme/
- Explorer: https://tronscan.org/#/token20/TXL6rJbvmjD46zeN1JssfgxvSo99qC8MRT
- Total supply: 1 Billion
- Contract address: TXL6rJbvmjD46zeN1JssfgxvSo99qC8MRT
- Telegram: https://t.me/SUNDOG_TRX
- Supported CEX: CoinEx, Gate.io, HTX, Bitget
- Supported DEX: SunSwap
- Convenient for users to know in time: https://www.coinex.com/en/info/SUNDOG
*This article does not constitute investment advice.
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