Altogether, the total market cap of all meme coins in Tron’s ecosystem has dropped from over 0 million to 4 million.
This performance has affected Tron’s DEX volume, which has dropped by 10% in the last seven days to 3.6 million. Other chains like Solana (SOL), Binance Chain, and Sui have seen their DEX volumes jump by 11%, 22%, and 70% in this period.
SunPump tokens crash
SunPump tokens have generated over .8 million in fees since inception.
- Sundog (SUNDOG), the biggest coin in its ecosystem, has dropped by 11.1% in the past seven days to $0.30, bringing its market cap to $305 million.
- Tron Bull retreated by 8%
- Muncat, 35%,
- SunWukong, 10%,
- Suncat tokens, 37% in the same period.
Data by TokenTerminal shows that its network fees this year stand at over .2 billion, second only to Ethereum’s .86 billion.
Tron (TRX) rose to
Data by CoinGecko shows that most SunPump meme coins have retreated in the past few days.
Tron has also held steady above the 50-day moving average while the Relative Strength Index has risen above 50. That is a sign that it may continue rising as bulls target the year-to-date high of Another positive is that Tron’s staking yield has bounced back to 4.97%, higher than last month’s low of 4.35%. This rebound happened as the volume of Tron burn and gas fees rose during the month.
Tron’s technicals are supportive
On the positive side, the number of transactions in Tron has risen, according to Nansen. These transactions rose to over 8.2 million on Saturday, its highest point since Aug. 27 and much higher than this month’s low of 6.14 million.
