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Sundog (SUNDOG) has taken the crypto market by storm, rocketing 200% in the past day and leaving early investors buzzing.
This Tron-based token has again proven the massive appetite for new dog coins.
Now, all eyes are on PlayDoge (PLAY), the upcoming P2E sensation that’s nearing the end of its presale – will it be the next to pump?
SUNDOG Rockets 274% in Just Four Days
SUNDOG’s rise has been nothing short of spectacular.
Launched on Saturday at a low price of just $0.0611 per token, it’s now sitting at $0.230 – a whopping 274% increase in just a few days.
Earlier today, it even touched $0.270, which marked a 341% rise before some profit-taking kicked in.
This dog-themed coin is now turning heads throughout the market.
SUNDOG is currently the top-performing meme coin and has snagged the third spot on CoinMarketCap’s trending cryptos list.
Not bad for a coin that’s just four days old.
However, what’s really impressive is the growth of its community.
Tronscan reports there are over 14,000 holders already, and major exchanges like HTX and MEXC have already listed SUNDOG.
Some investors are now drawing comparisons to Bonk (BONK), the meme coin that took Solana by storm in late 2023.
Could SUNDOG be doing the same for Tron?
It’s early days, but the signs are certainly promising.
Tron’s Meme Coin Explosion Powers SUNDOG’s Rapid Rise
The success of SUNDOG isn’t happening in isolation.
Instead, it’s capitalizing on a broader meme coin explosion on the Tron blockchain, brought about by the launch of a platform called SunPump last week.
SunPump is like a meme coin factory, allowing anyone to create a new meme coin with just 20 TRX tokens and minimal technical expertise.
This setup has led to huge growth in Tron’s meme coin ecosystem.
Thousands of new coins are being created each day, and Dune Analytics data shows that over 21,000 coins have been launched in total.
What’s giving SUNDOG and its Tron-based peers an advantage is the vast liquidity on the network itself.
The network boasts over $60 billion worth of USDT in circulation, far more than Solana’s $.19 billion.
Plus, Tron’s resilience against MEV attacks is further contributing to the meme coin ecosystem’s growth.
It’s the perfect environment for a new coin like SUNDOG to thrive.
PlayDoge Gears Up for Major DEX Debut After Raising $6.1M in Presale Phase
While SUNDOG has been grabbing the limelight, another promising dog coin is waiting in the wings – PlayDoge.
This new coin is drawing lots of attention in its presale phase.
Unlike SUNDOG, which is on the Tron blockchain, PlayDoge operates on the BNB Chain.
However, the wild success of one meme coin often leads to a ripple effect, creating a “meme coin fever” as investors seek the next project to explode.
Many believe PlayDoge could be that project.
Its Play-to-Earn (P2E) model sets it apart, which offers a Tamagotchi-style game where players can earn real crypto.
This utility, combined with an ecosystem that includes a staking app, positions PlayDoge as an exciting contender for growth.
Excitingly, PlayDoge’s presale has already raised over $6.1 million in funding.
The presale will end in less than five days, so investors have a narrow window to get involved before the PLAY token hits exchanges.
Crypto YouTuber Cilinix Crypto has already speculated that PLAY could pump after its first DEX launch.
The analysts at 99Bitcoins went a step further – predicting PLAY would “100x in 7 days.”
Ultimately, PlayDoge isn’t at the heights of SUNDOG just yet.
But if the upcoming listing is successful, we may be looking at the next dog meme coin to pump.
