SUNDOG Prices Fly 97%!

Bittime - SUNDOG prices are flying high. In the last 24 hours, the price of this meme coin jumped almost 100%, around 97.5%. How could this happen? Check out the explanation here!

Sundog (SUNDOG) is a meme coin based on the Tron network that is currently experiencing a spectacular price spike. This phenomenon cannot be separated from the launch of SunPump, a launchpad platform that brings a breath of fresh air to the Tron ecosystem. 

Let's take a deeper look at what's really going on and why SUNDOG is attracting so much attention.

SUNDOG Price Travel

Since its launch on August 15, SUNDOG's journey has been like a rocket shooting into space. The price soared more than 120%, from a low of $0.065 (around Rp. 1,001) to a record high of $0.1741 (around Rp. 2,685) on August 20. 

When this article was written, SUNDOG was trading at around $0.16 (around IDR 2,400), showing a still very significant increase of 97.5%.

Also read: Types of Memecoins that You Should Know

This price spike brought SUNDOG's market capitalization to reach $164 million (Rp. 2.5 trillion), after previously even touching a peak of $325 million (Rp. 5 trillion). These numbers are certainly surprising to many people, considering that SUNDOG is just a meme coin that is only a few days old.

This SUNDOG phenomenon reminds many people of the success story of dogwifhat (WIF), another meme coin which also experienced a drastic increase in market capitalization after its launch. 

Some traders are optimistic that SUNDOG can reach a capitalization of $1 billion (Rp. 15.4 trillion), which is only three times its current record high.

SunPump: The Catalyst Behind the SUNDOG Phenomenon

What makes SUNDOG so interesting? The answer lies in SunPump, a launchpad platform launched on August 13 by Sun.io, a DeFi platform with close ties to Justin Sun, a well-known figure in the crypto world.

SunPump offers something revolutionary: the ability for anyone to create their own meme coin with just a few clicks, with no coding skills required. This idea was greeted with extraordinary enthusiasm by the crypto community.

Based on data from Dune Analytics, in the short time since its launch, SunPump has become a forum for the creation of 11,879 new meme coins. The platform's highest revenue was recorded on August 19, reaching 1.4 million Tron (TRX). 

In total, SunPump has generated revenue of 4 million TRX or around $583,646 (Rp. 8.98 billion) since its launch.

Also read: List of Top Memecoins on Ethereum Network

SUMDOG Incentive Program

To further strengthen its position, the SunPump team allocated $10 million (Rp. 154 billion) for the Meme Ecosystem Boost incentive program. 

This program not only aims to support the growth of new meme coins, but is also designed to prevent "rug pulls" or fraud that often haunt the crypto world.

The SunPump team emphasizes that this program is "dedicated to tokens launched on SunPump, with the goal of providing resources and support so that these projects can achieve greater value." 

This step of course further increases investor confidence in the Tron ecosystem as a whole.

The SUNDOG and SunPump phenomena have had a significant positive impact on the Tron network. Based on data from DeFiLlama, Tron is now ahead of other blockchain networks in terms of revenue, with a total of $1.05 million (Rp. 16.17 billion) in the last 24 hours.

Conclusion

Even though SUNDOG and SunPump show promising potential, investors still need to be careful. The meme coin market is known to be very volatile and high risk. 

However, for those who understand the risks, this phenomenon can be an interesting opportunity to gain profits. What is certain is that the presence of SUNDOG and SunPump has opened a new chapter in the evolution of meme coins and DeFi. 

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

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