Sundog Token Surges Amid SunPump Launch

Tron TRX-based token Sundog jumped about 25% on Wednesday as traders test the newly launched memecoin generator SunPump.

As of 1:50 p.m. EST, Sundog was trading at approximately $0.25, marking a 25% increase over the past 24 hours, per CoinGecko. Its market capitalization briefly surpassed $250 million on Wednesday.

The substantial rise in Sundog’s value coincides with the launch of SunPump, which aims to compete with Pump.fun, a low-cost memecoin generator built on the Solana blockchain. Since its January launch, Pump.fun has created nearly 2 million tokens and generated almost $100 million in cumulative revenue.

On Wednesday, SunPump announced a partnership with DWF Labs. “As a new generation web3 investor and market maker, DWF Labs will empower the SunPump platform to reach new heights,” the memecoin generator stated in a post on X.

Tron founder Justin Sun has been actively promoting SunPump. On Wednesday, he forecasted that the new memecoin generator could drive substantial revenue growth.

“Conservatively, in the next 12 months, Tron’s total revenue could hit $3 billion, with $1 billion burned and $2 billion allocated to rewards for stakers and transaction subsidies,” he wrote on X. “If the meme strategy succeeds, it could reach $4 billion.”

Sun also noted that activity on Tron surged to approximately 9 million transactions on Wednesday, with a new version of SunPump set to launch Thursday to enhance stability, resolving previous data discrepancies and K-line issues.

Meanwhile, Tron’s TRX token has risen over 20% during the past week, according to The Block Price Page.