Tron Price Jumps 7% As Justin Sun Announces Meme Coin Plans
Highlights
- Tron price surge comes with a 62% increase in daily trading volumes hinting strong bullish momentum.
- Crypto analyst Javon Marks predicts TRX could hit $1.11, marking a potential 516% upside.
- Social analytics platform LunarCrush highlights Tron's rising prominence.
- Tron's meme token ecosystem saw 122 new tokens launched yesterday, bringing total tokens to 95,573.
Justin Sun’s announcement to intensify efforts in expanding the blockchain’s meme ecosystem has pushed the Tron price higher by 7% today. The news fueled a sharp uptick in activity, with daily trading volumes soaring 62% to over $1.23 billion. Over the past two days, TRX has staged a strong 15% recovery, rebounding from a critical support level of $0.21.
Tron Price Rally to $1 Coming?
As Justin Sun prepares for the comeback of the meme coin ecosystem on the Tron blockchain network, analysts are predicting a Tron price rally to $1 and above. Popular crypto analyst Javon Marks has projected a bullish outlook for TRON (TRX) stating that the altcoin is preparing to hit its logarithmic-measured breakout target at $1.11.
Sharing his Tron price prediction, Marks suggests significant potential for gains, with an estimated 516% upside from current levels required to reach the predicted target. Last week Justin Sun also stated that TRX will hit new all-time highs very soon.
On the other hand, social analytics platform LunarCrush stated that the social and market activity on the Tron blockchain network has surged significantly following the TRX price surge. Tron now accounts for 1.05% of all crypto-related discussions, reflecting heightened community interest. TRON’s robust metrics highlight its growing prominence as both investors and the community focus on its upward momentum.
Tron DAO Meme Coin Frenzy Heating Up
Tron’s meme token ecosystem is experiencing a resurgence, fueled by confidence from Justin Sun, founder of the Tron blockchain. Yesterday alone, 122 new tokens were launched on the SunPump.meme platform, marking the first time in four months that daily launches exceeded 100.
To date, 95,573 tokens have been created, generating 36,374,191 $TRX in fees, equivalent to $5.74 million. Furthermore, the activity on the TRON DAO continues to soar, signaling a strong and growing interest in Tron’s meme token ecosystem.
Commenting on this development, Justin Sun wrote: The first rule of making memes on Tron: I will not personally profit a single cent from memes. Any losses will be fully covered by myself, and all proceeds will be donated.
Getting TRX to Solana
In another announcement, Justin Sun revealed plan to bring TRX, Tron’s native cryptocurrency, to Solana’s blockchain in the coming weeks. Although the announcement lacked specific details or a definitive timeline, it has sparked excitement among both TRX and Solana communities.
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