Tron is making significant strides in the crypto world. The launch of SunPump and record revenue of $151.2 million are major recent events.

Tron's Record Revenues

Since August, SunPump has attracted a wave of meme coin creators and traders, leading to an increase in fees for the platform. These fees supplement the usual income from token and USDT transfers. According to Dune data, since early August, over 90,800 meme coins have been launched on Tron through SunPump. The peak excitement was on August 20, when over 7,500 tokens were launched in a single day. Tron's revenue in the third quarter hit a record $151.2 million, marking a 30% rise from the previous quarter.

SunDog Memecoin's Impact

Among the many tokens, SunDog (SUNDOG) quickly became the largest memecoin with a market cap of $217 million. This success played a significant role in pushing Tron's overall market cap up by 24%, reaching $13.5 billion.

Tron (TRX) Price Dynamics

With Tron's overall growth, many investors believe that the TRX token could surge back to its previous all-time high of $0.30. Currently, TRX trading is around $0.16, reflecting a slight drop over the last 24 hours. However, if the resistance level at $0.172 is surpassed, a movement towards higher targets of $0.21 and $0.30 may occur.

Tron is showing impressive results, suggesting potential further development and successes in the cryptocurrency market.