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Rock Meme Coin Surges in the SunPump Ecosystem
Rock, a new meme coin in the SunPump ecosystem, recently emerged as one of the top-performing cryptocurrencies. The Rock token surged nearly 100%, reaching a high of $0.003375 and achieving a market cap of over $3.3 million.
The token’s significant spike followed a social media post suggesting that Justin Sun, the founder of Tron, had invested in the meme coin. Although Sun has not confirmed this, the official Rock account shared the speculation, fueling investor interest.
“You telling me Justin Sun holds $ROCK and you still didn’t send this to $10M? You’re still early to TRON. You’re still early to generational wealth. You’re still early to $ROCK. Buy now or cry later!”
A confirmation of Sun’s investment would be significant due to his influence in the crypto industry. In addition to starting Tron, Sun acquired BitTorrent in 2018 and serves as a senior advisor for HTX. He also launched USDD, a stablecoin with over $700 million in assets. According to Arkham, Sun’s crypto portfolio is valued at over $1 billion.
Rock describes itself as “nothing but a useless meme coin,” yet it has gained notable attention in the crypto industry. It is distinct from another Ethereum-based Rock meme coin, which recently saw a 20% decrease in price.
Other major tokens in the SunPump ecosystem include Sundog, with a market cap of $247 million, and Dragon Sun, valued at $28 million. Collectively, SunPump tokens have accumulated over $366 million in value.
SunPump trading activity has generated over $30 million in fees within less than two weeks of its launch. As a result, Sun confirmed that the SUN community would vote for the first revenue burn.
“Due to the higher-than-expected revenue from @sunpumpmeme, the SUN community plans to advance the first SUN revenue burn. Details to be announced! TO THE SUN🌞”
Investing in Rock remains a high-risk and high-reward activity, typical of meme coins. Historically, meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have seen significant initial gains followed by steep declines. Dogecoin soared to $0.7587 after Elon Musk’s endorsement in 2021 but has since dropped by over 87% to $0.098. Similarly, Shiba Inu peaked at $0.000089 but then declined by 85%.
Recently launched meme coins like Dogwifhat, Popcat, and Book of Meme experienced initial gains but have since retreated by double digits.
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