Justin Sun, the founder of Tron, has announced a
100% onchain buyback for
SunPump, sparking significant interest in the cryptosphere. SunPump is a new meme coin backed by Sun, a fact which has played a considerable role in its rally amid a slump in other popular memecoins. Besides backing the surge of meme coins on Tron like Sundog, Justin Sun has addressed concerns about the Revenue Buyback and Burning strategy for SunPump, which is now planned to be 100% transparent onchain. The resurgence of interest in meme coins and NFTs in the crypto market, thanks largely to initiatives by Sun, has seen
SUN Coin skyrocketing by a whopping 470% in one week, suggesting a potential price rally. Recent strategies from Sun, like building an infrastructure allowing for the launching of meme coins on the Tron blockchain and removing 12K Bitcoin from USDD also reflect on
SUN Coin's growth. The
BitGo's Custodial Changes Announcement stirred the cryptocurrency market, with Wrapped Bitcoin redemptions far outpacing minting. Sun also utilised the market twist by purchasing the Bitcoins dumped by Germany. Many speculate a potential for exponential growth for SUN Coin following these maneuvers. However, uncertainties still remain with Sun attracting criticism over alleged market manipulation and potential legal trouble.
SUN Coin News Analytics from Mon, 29 Jan 2024 08:00:00 GMT to Fri, 06 Sep 2024 15:44:53 GMT -
Rating 4
- Innovation 6
- Information 9
- Rumor -1
