The price of $SUN is set at $0.03463, showing a strong recent rebound. It has experienced a 41% increase in the last 24 hours and an impressive 67.40% in the last week. The trading volume has been considerable, reaching $230.37 million, and its current market value is $468.68 million.
Growth Drivers
The success of $SUN is linked to several important factors:
Buyback Strategy: The SunPerp protocol has promised to use all its revenues to buy back tokens $SUN , which could reduce the supply and increase the price.
Reduction of Fees on TRON: The TRON network, which is the base of SUN, reduced its transaction costs by 60% on August 26, which may have incentivized greater activity.
Influence of Justin Sun: The appointment of Justin Sun, an influential figure in the crypto space, as an advisor to World Liberty Financial could generate trust and interest in its projects, including SUN.
Upcoming Events: Justin Sun's participation in the TOKEN2049 conference in Singapore could be a key moment if news about the project is announced.
Moreover, this growth of SUN coincides with the overall good momentum being experienced in the cryptocurrency market. This, combined with the fact that the TRON network has positioned itself as the leader in the issuance of stablecoins with $82 billion in USDT, provides a context of strength for the SUN ecosystem.
