SUNDOG jumps 25% as whale buys $2m worth of meme coin

Sundog, a popular cryptocurrency on Tron, saw a sharp increase in its price after a whale purchased the token worth $2 million.

According to Lookonchain, on September 12, a whale sold its native Tron (TRX) token and used the funds to purchase the rising meme coin. According to the analytics platform, the whale withdrew 13.07 million TRX worth $2 million from Binance and purchased 3.52 million Sundog (SUNDOG) in one go.

SUNDOG price rose sharply

The price of the SUNDOG token skyrocketed after the transaction, rising sharply from lows of $0.30 to highs of $0.35. At press time, the overall 24-hour gains for the token were at 25%. The token was just below its new all-time high as its price exploded.

Amid the price surge, the meme coin’s market cap rose above $350 million, while daily volume increased by 32% to over $198 million.

SUNDOG is currently Tron’s top meme coin by market cap. It was launched less than a month ago, on August 15, and has seen a staggering 770% gain from its lows of $0.039 on August 16.

List of stock exchanges SUNDOG

The excitement following the launch of Justin Sun and SunPump and the announcement of the meme coin launch played a key role in Sundog gaining momentum.

Sundog has also been aggressively listed on major exchanges including MEXC, Bybit, Gate.io, and KuCoin. In the past 24 hours, SUNDOG has also been added to the Philippines’ largest crypto exchange Coins.ph, HTX, and trading app RabbitX.