TRON’s $13.65B market cap explosion
TRON (TRX) is really making a splash right now! The price hit $0.1578, its highest level in three years. This huge jump has caused TRON's market cap to drop to a jaw-dropping $13.65 billion. But what's driving this crazy rise, and could there be more to come for TRX? Let's dive into the numbers and see what's going on!
TRON's market cap is going through the roof.
The price of TRON has increased by 12.45% in 24 hours and is up a whopping 22% in the last week. That's a huge boost! This pushed Cardone (ADA) out of the top 10 crypto ranks and raised its market cap to $13.65 billion. The 30 minute chart shows TRX at a critical level of $1.152. If it breaks the resistance at $1.155, it can shoot up to $1.580. But if it falls below $1.152, we will see a change in momentum. If so, the price may slide towards support levels at $1.482 or even $1.453. Current market volatility means TRX could be in for some wild swings!
SunPump's Meme Coin Madness
So what makes TRON sky high? The key seems to be SunPump, a new mime coin platform that is making big waves. Since SunPump launched, nearly 40,000 new simulation tokens have been launched.
Since its launch, it has generated about $6.2M in revenue. That's some serious exponential growth. This meme coin craze is playing a big role in TRON's price increase, with many investors hoping for big profits.
Income Increase: The TRON Money Explosion
The earnings numbers also show how much SunPump is positively impacting TRON. According to Dune data, the total revenue from the token launch on SunPump has grown to a whopping 3,792,453 TRX. The number of tokens launched rose from 354 on August 13 to a staggering 11,174 on August 19.
Most of these tokens are TRON versions of popular coins like PEPE, which is getting a lot of people excited. With TRON now featured on Dexscreener, it is gaining more visibility. This could attract more investors and push TRX to new heights.
Dex Screener Integration: TRON's New Journey Begins!
TRON has officially been integrated into the Dex Screener, a move that is set to dramatically increase platform visibility. TRON's charismatic founder, Justin Sun, announced this exciting development on X (formerly Twitter). TRON is now featured on Dexscreener, exposure to TRON and its projects is about to reach new heights.
What's next?
With TRON's market cap shooting up and the SunPump meme coin explosion bringing in huge revenue, things are looking bright for TRX. Investors are watching these developments closely. The numbers indicate that TRX may be on the verge of making even more gains. If the trends continue this way, a 50X increase may not be too far off. If you've been thinking about investing, now might be the perfect time to jump in before the next big leap.
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