The just lately launched Tron-based SUNDOG (SUNDOG) has began attracting massive whales, leading to a major worth rally. Following the opening bell of the U.S. inventory market a crypto whale withdrew a major 13.07 million TRX tokens, value $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 Value Skyrockets Following Whale $2M Funding
Following this notable funding, the meme coin’s worth 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 worth 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 greater 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 change into Tron’s greatest flagship meme coin by way of market capitalization.
SUNDOG’s Bullish On-chain Metrics
On-chain metrics counsel that curiosity in SUNDOG from traders and merchants has skyrocketed. Based on 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 steadily growing since its launch, indicating a bullish sign.
As of now, SUNDOGE is on the market on main cryptocurrency exchanges, together with Bybit, KuCoin, MEXC, HTX, and Gate.io. Whereas, Philippines-based Cash.ph additionally listed the meme coin.
Apart from the whale’s latest 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.