Whales Show Interest in Newly Released Meme Coin SUNDOG: Heavy Purchases in 4 Days
As the discussions around the anticipated 2024 bull season heat up, many are wondering if meme coins can sustain their rallies. Over the past four days, three major crypto whales have made significant purchases in SUNDOG, a meme coin supported by Justin Sun.
SUNDOG emerged as part of Justin Sun’s efforts to replicate the meme coin success seen on the Solana network within the TRON ecosystem. As the largest meme coin on the TRON network, SUNDOG has quickly gained popularity and is catching the eye of large-scale investors.
Similar to how the Pumpfun platform operates on Solana, SUNDOG was created on the SunPump meme coin extraction platform. With Justin Sun’s backing, it rapidly climbed over 600% since its launch in August. In the last four days, SUNDOG’s growth has attracted significant whale activity.
Whale Activity Insights
According to the on-chain tracking platform, Lookonchain, three wallets created just four days ago have been involved in significant SUNDOG purchases:
TEKzxy Wallet: Purchased $957,000 worth of SUNDOG, amounting to 3.8 million coins.
TGNrkv Wallet: Acquired $525,000 worth, equivalent to 2.1 million coins.
TPXvFH Wallet: Bought 870,000 SUNDOG tokens for $217,000.All these transactions were executed through the MEXC exchange.
Support from TRON and Justin Sun
In addition to whale interest, SUNDOG conducted a $2 million airdrop to 500,000 TRX holders and received a $2 million grant from the TRON team, further solidifying its position as a notable meme coin within the TRON ecosystem.