As we look back at the early months of 2024, the Bitcoin ATH and Solana meme coin craze are among the key memories for investors. The Solana craze led to the creation of thousands of meme coins, some of which reached market volumes beyond expectations. This had significant effects on SOL as well. Although there was a market pullback later, the process continued, and the creation of meme coins through platforms never stopped. Following this, a similar process began on the TRON network, and massive support was announced just moments ago.
DWF Labs Supports Justin Sun’s Tron
Moments ago, a post on X announced that the Tron network meme coins, which have been frequently mentioned recently, received massive support for SunPump, allowing their creation similar to Solana. It was noted that a partnership was established between Justin Sun’s new development on the Tron network, SunPump, and DWF Labs, known for its investments in major cryptocurrencies.
Although there are comments suggesting that Tron network meme coins, frequently mentioned recently, could rise during this process, it might be too early to predict the outcome of the partnership. Nevertheless, it would not be wrong to say that a major company’s involvement in such an initiative is a supportive step for the process.
What is the TRX Price?
Amidst these developments, attention turned to the price of Tron (TRX). The TRX price rose to $0.1645 following a 10% increase in the last 24 hours, placing it in the 10th position in market cap rankings, ahead of ADA.
A more detailed analysis of the events since this morning shows that TRX experienced a 25.91% increase in the last 7 days, making it the altcoin with the most significant rise among the top 10 cryptocurrencies. TRX’s market cap surpassed $14.3 billion, while its trading volume exceeded $1.8 billion, indicating that investors are supporting the developments and creating buying pressure in the market. It is also worth noting that the trading volume reached this level following a 120% increase.
