Tron(TRX) News: Tron-Based Memecoins Skyrocket Amid Zero-Fee Trading Initiative

Tron Memecoins Skyrocket on Zero-Fee Trading Push by Justin Sun

On March 19, Tron-based memecoins saw significant gains, with their total market cap rising nearly 20%. The largest memecoin on Tron, Sundog (SUNDOG), rallied 10.3%, while other large meme coins such as TBULL, BULL, and SUNCAT recorded gains of 55%, 43%, and 32.5% respectively. Low-cap memecoins like SUNWUKONG, FOFAR, Dragon Sun (DRGN), and Banana (N) saw profits between 85%-200%. The surge in Tron memecoins stood out, especially since the overall meme coin market dropped 2.8% during the same period.

Ether Zooms 7% as Bitcoin Traders Watch $80K Support Ahead of FOMC

Ether (ETH) zoomed nearly 7% in the past 24 hours to lead gains among majors as traders await the results of the Federal Open Market Committee (FOMC) meeting on Wednesday. ETH’s gains were coupled with a 4% gain in memecoin Dogecoin (DOGE), which historically tends to act correlated to the asset’s movements. Other Ethereum-based memecoins pepe (PEPE) and mog (MOG), rose more than 5% — continuing to act as levered bets. Elsewhere, majors XRP, BNB Chain’s BNB, Solana’s SOL and Cardano’s ADA rose 3%. Tron’s TRX dipped after a surge 5% earlier in the day as memecoin trading picked up on the blockchain following a no-fee update in the Sunpump platform. Bitcoin (BTC) rose 2% and remained steady under $84,000 in Asian evening hours ahead of the FOMC, where traders expect rates to be held steady.

Justin Sun Announces TRON Integration On Solana Blockchain

Justin Sun, founder of TRON, announced that the token TRX will be available on the Solana blockchain. This boosted TRON’s price by 8%, with investors expecting higher transaction speeds and utility between the two cryptocurrencies. Sun announced the news without providing too many details about the process. Integrating the two blockchains may increase the functionality of TRON with DeFi and NFT, leading to broader cryptocurrency adoption. The move may also allow for more accessible swapping functions to increase crypto’s liquidity.