The not too long ago launched Tron-based SUNDOG (SUNDOG) has began attracting huge whales, leading to a big value rally. Following the opening bell of the U.S. inventory market a crypto whale withdrew a big 13.07 million TRX tokens, price $2 million from Binance and bought a large 3.52 million SUNDOGE meme coin in a single transaction, as reported by the on-chain analytic agency Lookonchain.
SUNDOG Worth Skyrockets Following Whale $2M Funding
Following this notable funding, the meme coin’s value soared by 27%, from $0.305 to $0.373. At press time, SUNDOG is buying and selling close to the $0.362 stage and has skilled a value surge of over 20% within the final 24 hours. In the meantime, its buying and selling quantity has skyrocketed by 60% throughout the identical interval, indicating larger participation from merchants and traders as whale curiosity on this meme coin grows.
With its spectacular efficiency, SUNDOG’s market cap has elevated to $360 million. With continued funding from whales and different traders, it might simply attain a market cap of $1 billion. Moreover, it has turn into Tron’s largest flagship meme coin by way of market capitalization.
SUNDOG’s Bullish On-chain Metrics
On-chain metrics recommend that curiosity in SUNDOG from traders and merchants has skyrocketed. In keeping with the on-chain analytic agency Coinglass, its open curiosity has elevated by 50% within the final 24 hours and 15.6% within the final 4 hours. Moreover, its open curiosity has been progressively rising since its launch, indicating a bullish sign.
As of now, SUNDOGE is offered on main cryptocurrency exchanges, together with Bybit, KuCoin, MEXC, HTX, and Gate.io. Whereas, Philippines-based Cash.ph additionally listed the meme coin.
In addition to the whale’s current funding, earlier on August 19, 2024, a crypto whale had invested a large $450,000 into SUNDOGE. This highlights the potential of SUNDOGE within the coming days.
