Date: Thu, Sept 12, 2024, 06::20 PM GMT
The cryptocurrency market is showing signs of bullish momentum, with Tron-based memecoin Sundog (SUNDOG) emerging as one of the top performers. Over the past 24 hours, SUNDOG has surged by over 24%, currently trading at $0.3728, with a market capitalization of $371 million.
This impressive rally appears to be driven by significant whale activity. According to Lookonchain monitoring, a large whale recently withdrew 13.07 million TRX (approximately $2 million) from Binance and immediately used it to purchase 3.52 million SUNDOG in a single transaction just an hour ago. This transaction has caught the attention of the crypto community, adding fuel to the ongoing surge.
A whale withdrew 13.07M $TRX($2M) from #Binance and bought 3.52M $SUNDOG in one transaction just now!https://t.co/XP5whshQPU pic.twitter.com/WggzVWxDz9
— Lookonchain (@lookonchain) September 12, 2024
It’s not just today’s transaction that’s pushing SUNDOG higher. On September 9th, three newly created wallets collectively withdrew 6.8 million SUNDOG, worth around $1.7 million, from the MEXC exchange. This pattern of accumulation by large whales is creating a strong upward pressure on SUNDOG’s price, which has now climbed over 72% in the past week.
The active buying by whales has created a buzz around SUNDOG, and many investors are speculating that the rally might continue as long as this interest persists. With its recent price action, SUNDOG has solidified its place as one of the trending tokens to watch in the current market cycle.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice.
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