Token

bullish

DeFi

TRON

Sun Token (SUN), the cryptocurrency from the TRON network, has surged over 220% in a month. The impressive spike began after TRON founder Justin Sun tweeted on August 13 about the launch of SunPump, sending SUN’s price to a high of $0.043. 
Launched more than four years ago, SUN Token was originally designed as a Bitcoin alternative. However, after a major crash in 2021 due to excessive supply, the token shifted focus to decentralized finance (DeFi) on the Justwap and Justlend platforms. Now, with new use cases, SUN aims for a $1 billion market cap. 
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 <img decoding="async" width="1003" height="458" src="https://www.cryptotimes.io/wp-content/uploads/2024/08/Sun-Token-Price-Soars-211-in-Just-last-30-days.png" alt="Sun Token Price Soars 220% in Just last 30 days" class="wp-image-198673">
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 Sun Price Chart | Source:&nbsp;<a href="https://coinmarketcap.com/currencies/sun-token/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>
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Justin Sun is driving this surge with strategies that include leveraging meme coins and adjusting network fees. His new SunPump feature has quickly outperformed its rival, Solana-based Pump.fun, in terms of tokens launched and daily revenue. 
Recently, SUN has broken out of a consolidation phase and is trending upwards, supported by rising EMA lines. However, large bullish candlesticks suggest the token might face a short-term pause or correction. 
The current price of Sun (New) is $0.03275, with a 24-hour trading volume of $176 million. The token is up 4.74% in the last 24 hours, and its market cap has increased by 4.74% to $325.72 million. 
If SUN’s price drops to around $0.03000, it could be a buying opportunity before another potential rise. On the other hand, if it fails to hold this level, it could fall to around $0.01314. If momentum continues, SUN could reach $0.05000. 
Recently, Justin Sun responded to critics making negative statements about the SUN token through a post on his account. He challenged these individuals by offering to buy all their SUN tokens at a price of $0.03. 
Sun Token’s surge reflects strong market enthusiasm and renewed interest in its DeFi applications. With its shift in focus and new use cases, SUN appears well-positioned for future growth. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/08/29/gigacat-gcat-rockets-39-5-in-just-48-hours/" target="_blank" rel="noreferrer noopener">Gigacat ($GCAT) Rockets 39.5% in just 48 Hours</a> 
</blockquote>

Sun Token ($SUN) Price Jumps 220% in Just One Month

The Crypto Times

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