A big bet on SUNDOG, WELL invested 2 million dollars
The recently launched Tron-based SUNDOG (SUNDOG) has started attracting big whales, leading to a massive price rally. Following the opening bell of the US stock market, a crypto-well issued a significant $2 million worth of 13.07 million TRX tokens from Binance and bought a whopping 3.52 million SUNDOGE Mim coins in one transaction.
SUNDOG's price skyrockets following Whale's $2M investment
Following this popular investment, the price of MemCoin rose by 27%, from $0.305 to $0.373. At press time, SUNDOG is trading at $0.362 and has experienced a price increase of over 20% in the last 24 hours. Meanwhile, the trading volume has increased by 60%, which shows the high participation from traders and investors due to the growing whale interest in this meme coin.
Sundog's market value has grown to $360 million due to its impressive performance. Continued investment from whalers and other investors could easily reach a market cap of $1 billion. Additionally, it has become the largest Tron major coin in terms of market capitalization.
SUNDOG's Bullish On-Chain Metrics
On-chain metrics have increased demand for SUNDOG from investors and traders. According to Koingles, an analyst firm on the chain, open demand has increased 50 percent in the past 24 hours and 15.6 percent in the past four hours. Also, the open interest has been gradually increasing since its inception, which is a bullish sign.
To date, SUNDOGE is available on major cryptocurrency exchanges, including Bybit, KuCoin, MEXC, HTX, and Gate.io. However, Philippines-based Coins.ph has also listed the meme coin.
In addition to the whale's latest investment, earlier on August 19, 2024, a crypto whale invested a whopping $450,000 into SUNDOGE. This will enhance the potential of SUNDOGE in the coming days.
