TRON (TRX), a decentralized blockchain-based operating system developed by the Tron Foundation back in 2017 recently saw a major price surge. The project’s price went up 15% weekly, allowing it to return to the top 10 largest cryptos by market cap.
TRX blows up after launching its first meme coin on the TRON chain
TRON’s TRX coin used to be among the top 10 largest cryptos for a while back in the day when the coin was young, but eventually, it was replaced by others and pushed out, sinking deeper and deeper over the years.
In 2024, however, and at least for the time being, the coin managed to climb back to 10th place, taking over Cardano’s position after its price skyrocketed 15% in the last seven days, and 7% in the last 24 hours.
This pumped the project’s market cap to $12.79 billion, beating ADA’s $12.37 billion, at least for the time being. Whether TRX will remain on the list, climb higher, or once again sink in days to come remains to be seen.
Its recent surge came as the amount of activity in its ecosystem skyrocketed, especially surrounding the popular SUNDOG meme coin.
The TRON DAO referenced it in a recent post on X, calling it the first fair meme platform on TRON.
https://x.com/trondao/status/1825639471922163953
With the meme coins still the largest trend of the year, SUNDOG’s recent launch and the following pump allowed TRON itself to become relevant again, and skyrocket back on the list.
But, TRON’s SUNDOG is far from the only burning meme coin right now, as many among the investors who have been keeping track of the meme coin sector’s development this year likely already know.
JOIN THE MGMES PRESALE EARLY AND PICK YOUR ATHLETE
Another meme coin sees a surge in popularity
While SUNDOG definitely helped put TRX on the map recently, there have been other major meme coins to emerge recently, such as The Meme Games (MGMES). This is a project that emerged just before the 2024 Olympics, launching its presale in July with the intention to hold its own, meme Olympics.
Essentially, the project introduced five major meme coin personalities — Dogecoin, Pepe, Brett, Turbo, and dogwifhat — as athletes, allowing presale participants to pick one of them to back as their athlete of choice. The plan is to have them compete in various Olympic disciplines, and whichever of them wins, those who support it will get rewards.
BUY MGMES WHILE ITS PRICE IS STILL LOW
Participating in the ICO is the only way to get to pick your athlete, which is why the presale saw the participation of a large number of people. So far, it raised over $375k while selling MGMES for only $0.0093 apiece. You can still join the ICO yourself and buy the token with ETH, USDT, BNB, or credit/debit cards.
