TRON Network Steals the Show, Makes Record-High 24-Hour Revenue of $3.84M

The event comes just eleven days after the launch of the Sundog memecoin sensation on August 15.

TRON stole the show on August 26 with a record-breaking 24-hour revenue of $3.84 million, a testament to the impact of meme coins like Sundog. Launched by the SunPump platform, Sundog's success follows the platform's headlines after bagging $1.1 million in revenue.

Justin Sun, co-founder of TRON, shared “SunPump,” a token farm that he labeled as possibly the “first meme fair launch platform,” in his Tweet last week.

SunPump and DWF Partnership

Some people are moving fast, others need to catch up.

SunPump has officially partnered with DWF Labs to provide massive resources and reach throughout the SunPump ecosystem, complementing its aim to deliver a fair launch with no rug pulls. As a major player in the development of digital asset market making and investment, DWF Labs will provide strategic support to help SunPump projects achieve ambitious paths of success. Users can expect more liquidity, stronger market forces, and a power backing that will propel the Hotness of meme coins on SunPump to new heights, positioning TRON in a place no one can take it away from.

.@sunpumpmeme is a fully decentralized and neutral platform that will treat everyone in the world with kindness. ?

TRON fuels the Memecoin Frenzy

Many investors have noticed the revenue growth for the TRON blockchain, which might reveal a hidden gem in terms of impact comparable to other leading chains within the space. This new revenue peak is a vital sign of the activity and how much liquidity has been flowing into the TRON blockchain due to meme coins like this being so popular now, as well as more development happening within its ecosystem.

So far, netizens are suggesting that the TRON blockchain may soon surpass Solana on its ape coin trading ranking. To top it off, Tether also initiated 1 billion new USDT tokens on the TRON network. This, combined with the success of Sundog / SunPump, has made TRON a household name within meme coin communities, which have jump-started their newfound revenue stream.

Will TRX Prices Rise or Dip?

On-chain data showed a significant increase in returns, especially for those who held TRX for a longer duration. The one-year holding period saw the most critical gains, with a return rate of nearly +120%. This presents long-term investors who have been in TRON with a substantial return on their investment.

The trend as a whole was inspired by TRON’s recent successes, such as massive revenues and innovative meme coins like Sundog finally seeing immense success on its network.

However, it is crucial to note that the Relative Strength Index (RSI) suggests TRX may be overbought. When an RSI is overbought, it indicates the price has been pushed higher (almost 96%) than what fundamentals can justify, and the potential for a trend reversal is very high.

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