TRX Price Sees a Boost
The launch of SunPump has boosted revenue and liquidity on the Tron blockchain.
This improvement is partly due to Justin Sun’s Meme Ecosystem Boost incentive program, which has invested $10 million to help memecoin projects. Additionally, Tether minted 1 billion USDT tokens on Tron on August 20, further increasing liquidity on the blockchain.
Meanwhile, the TRON network has recently climbed into the top 10 cryptocurrencies by market value, with a current value of $14.34 billion. Its trading price has also increased to around $0.16, showing a 7% increase in the past 24 hours and a 24% jump in the past week.