Justin Sun’s cryptocurrencies, such as Sun Token and BitTorrent, were some of the best performers on Aug. 21, as investors cheered the ecosystem’s growth.

Sun Token and BitTorrent Tokens Are Soaring

Sun Token rose by over 50% to a high of $0.0196, marking its highest level since 2022, and 143% above its lowest point this month. This rally has pushed its market cap to over $182 million.

BitTorrent jumped by over 25%, reaching a high of $0.0000010, its highest point since June. Other leading tokens in the ecosystem, like Tron and Just, also saw double-digit increases.

The rally occurred as the ecosystem continued receiving positive news. Last week, Justin Sun launched the SunPump platform, which has led to the creation of many meme coins. Data shows that SunPump has already accumulated over $1.5 million in assets.

If the platform succeeds, Justin Sun stands to make significant gains. For example, Pump.fun, the pioneer meme coin generator, has already generated almost $100 million in revenues.

Tron: A Major Player in the Blockchain Industry

Tron has also become one of the most successful blockchains in the industry. Data shows it has over 2.36 million active addresses, higher than Ethereum’s 335,000 and Solana’s 1.23 million.

Tron also boasts a market cap of over $59.54 billion for stablecoins. Due to their stability, stablecoins have become essential in global transactions. Data indicates that Tron has over 49 million stablecoin holders and handled a trading volume of over $46 billion on Aug. 21. Tron has also generated over $1.05 billion in fees this year.

Sun Token’s Ecosystem Growth

Sun Token’s platform has a total value locked (TVL) of $750 million, its highest point since 2022. In TRX terms, the TVL jumped to over $4.6 billion.

BitTorrent’s Ecosystem is Thriving

BitTorrent’s ecosystem is similarly thriving. The number of BitTorrent File System weekly miners rose to over 8 million. At the same time, the total storage contracts jumped to 168 million, solidifying BTFS as one of the most prominent storage solutions in the blockchain industry.

🛠️ #BTFS Weekly Report

✅ Total miners exceeded 8 Million

✅ Total Storage Contracts exceeded 168 Million

✅ Total Revenue exceeded 26380 Billion $BTT

SUN and BTT tokens rallied even as Bitcoin and other cryptocurrencies wavered. Bitcoin has been stuck at $59,000 in the past two weeks while the total crypto market cap dropped by 2.6% to $2.19 trillion.

For more updates and in-depth news on the cryptocurrency market, continue exploring Global Crypto News.

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