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<p>The post <a href="https://coinpedia.org/news/sun-coin-price-recorded-470-gain-analysts-predict-more-price-surge-ahead/">SUN Coin Jumps 470% in a Week: Will the Price Rally Continue?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p><a href="https://coinpedia.org/news/trons-new-memecoin-craze-are-tron-memecoins-the-next-100x-opportunity/">Sun Token (SUN)</a>, the cryptocurrency from the<a href="https://coinpedia.org/price-prediction/trx-tron-price-prediction/"> TRON network</a>, has recently experienced an incredible surge of over 470% in just one week. Starting at $0.009, the token has jumped to $0.03735, grabbing the attention of the crypto community.</p> 
<p>So, what’s driving this rally? </p> 
<p>The main driver behind this dramatic price increase is a tweet from TRON founder Justin Sun. He announced the launch of SunPump, a new platform on the TRON blockchain for generating and trading memecoins. This announcement sparked the massive price rise.</p> 
<h2 class="wp-block-heading" id="h-sun-coin-records-470-surge">SUN Coin Records 470% Surge</h2> 
<p>Launched over four years ago, SUN Token initially aimed to be a store of value like Bitcoin. However, after a supply hyperinflation crash in 2021, the token shifted its focus to decentralized finance (DeFi) on the Justwap and Justlend platforms. </p> 
<p>With its renewed utility, SUN is now targeting a $1 billion market cap, currently standing at $377 million.</p> 
<p>Renowned crypto <a href="https://x.com/CryptoFaibik/status/1827196410053177595" target="_blank" rel="noreferrer noopener nofollow">analyst Captain Faibik</a> highlights SUN’s extraordinary growth over the past week. The price, which began at $0.009, has soared to $0.03735. This remarkable 470% increase signals a strong bullish trend that investors are closely watching.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="und" dir="ltr"><a href="https://twitter.com/search?q=%24SUN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SUN</a> <a href="https://twitter.com/hashtag/SUN?src=hash&amp;ref_src=twsrc%5Etfw">#SUN</a> +470% <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/vEQQ0Lu3zI">https://t.co/vEQQ0Lu3zI</a> <a href="https://t.co/dgelKlnEJh">pic.twitter.com/dgelKlnEJh</a></p>— Captain Faibik 
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f43a.png" alt="🐺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1827196410053177595?ref_src=twsrc%5Etfw">August 24, 2024</a>
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<h2 class="wp-block-heading" id="h-sunpump-outperforms-rivals">SunPump Outperforms Rivals</h2> 
<p>Justin Sun’s plan to boost TRON’s revenue—expected to exceed $4 billion next year—includes leveraging meme coins and adjusting network fees. SunPump has quickly surpassed its Solana-based competitor, Pump.fun, in terms of tokens launched and daily revenue, contributing to the recent rise in $SUN’s price.</p> 
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   <p lang="en" dir="ltr">Justin Sun teases official launch of Sun Pump<br><br>On the X social media platform, Tron founder Justin Sun spoke in a Space to reveal plans to officially launch Sun Pump, a platform on the Tron blockchain dedicated to generating and trading memecoins, according to Odaily. He noted…</p>— CoinNess Global (@CoinnessGL) <a href="https://twitter.com/CoinnessGL/status/1825893354359726084?ref_src=twsrc%5Etfw">August 20, 2024</a>
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<p>Despite the recent surge, analysts suggest that a price pullback could be coming. Although SUN has recently broken out of a long period of stability and is trending upwards, large bullish candlesticks suggest a possible pause or correction might be near.</p> 
<h2 class="wp-block-heading" id="h-signs-of-buyer-fatigue">Signs of Buyer Fatigue?</h2> 
<p><a href="https://www.coinglass.com/pro/i/VisualScreener">Data from Coinglass</a> shows that while long positions have increased by 31% in the last 24 hours, this rise in volume could indicate that buyers are starting to tire. This might lead to a potential pullback in price.</p> 
<p>Overall, SUN Token’s recent performance is impressive, but investors should remain cautious and watch for any signs of a correction.</p> 
<p>Also Check Out: <a href="https://coinpedia.org/news/no-altcoin-season-ahead-lark-davis-breaks-down-the-bear-and-bull-cases/" target="_blank" rel="noreferrer noopener">No Altcoin Season Ahead? Lark Davis Breaks Down the Bear and Bull Cases</a></p> 
<p><strong>Are you ready to invest in the Sun Coin? Do your research and make an informed decision.</strong></p>

SUN Coin Jumps 470% in a Week: Will the Price Rally Continue?

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