TRON Surges as Billionaire Justin Sun Launches SunPump – Is a New Meme Coin Rally Starting?

TRON Surges as Billionaire Justin Sun Launches SunPump – Is a New Meme Coin Rally Starting?

The silver-tongued billionaire Justin Sun is pumping Sundog after launching SunPump on TRON. Is a new meme coin rally on the way?

It’s no secret that the launch of Solana’s Pump.Fun has completely altered the crypto paradigm, removing almost all barriers to entry for new meme coin deployments and diverting huge swathes of freshly onboarded capital into the pockets of shady pseudonymous developers.

Now it appears that everybody’s favorite silver-tongued charlatan, Justin Sun, is stepping into the mix – with the launch of an equivalent on TRON named SunPump (not narcissistic at all).

Justin releasing sunpump when SOL trenches + ETH utility sentiment are at ATL is a smart timing choice

Compared to seasonal L1s, Tron has a higher chance of sustaining the current rotation:

-Sun has infinite money
-One of most used USDT network
-Asia gamblers need a new home…
— Unihax0r (@0xUnihax0r) August 20, 2024

And with the Pump.fun clone is already gaining traction, and Justin has already sighted a new meme coin in his crosshairs – SunDog.

Sundog was launched on August 15 and has been making waves ever since. Its current market cap is between $120 and $150 million.

SUNDOG Price Analysis: SunPump’s Top Meme Coin Now Has 9-Figure Market Cap

As Sundog continues to pump to the upside, Sundog is currently trading at a market price of $0.1764 (representing a 24-hour change of +120%).

This comes amid encouragement from Justin, who’s sought to use his capital and influence to fuel the impressive and sustained upside move – in an attempt to establish a prominent market position for a SunPump launch.