20.09.2025 12:50

According to internet sources, SUN token experienced a dramatic rise, soaring by 50% in value within a single day, fueled by a significant announcement from the founder of Tron. This surge propelled SUN into the top 110 cryptocurrencies based on market capitalization, which is now nearing $700 million, further supported by a doubling of its trading volume.

Fueling this impressive uptrend was the declaration from SunPerp, a decentralized exchange operating on the TRON blockchain, that it would commit 100% of its revenue to purchasing SUN tokens. This buyback initiative is designed to reduce the circulating supply, and therefore increase demand, potentially driving up its long-term value, and is an action mirroring similar token-burning schemes within the TRON ecosystem, such as that of SunPump.

Justin Sun himself has also voiced strong support for such measures, and has actively involved himself in SunPerp. Over the past week, the SUN token has seen a gain of over 65%, likely driven by a renewed enthusiasm for DeFi projects within the TRON ecosystem, indicating the current investor sentiment towards the crypto asset.