Whale Buys 2.55M SUNDOG Tokens, Price Jumps 6.23%

On April 25, 2025, a significant whale movement was observed in the crypto market, specifically around the SUNDOG token on the TRON network. According to leading on-chain analytics tool Lookonchain, a large whale spent 536,000 TRX, valued at $132,000, to purchase 2.55 million SUNDOG tokens. This substantial trade is part of a larger trend where the same whale has invested 1.73 million TRX, totaling $425,000, within the past three days, acquiring 8.04 million SUNDOG tokens.

The recent whale buy has had a notable impact on the price movements of both SUNDOG and TRX. The SUNDOG price increased by 6.23% over 24 hours, currently trading at $0.054. In contrast, the price of TRX remained stable during this period, with only a 0.5% increase, trading at $0.245. The price spike of SUNDOG is likely due to the consistent buying by whales, which could signal an impending rally. Additionally, the SunSwap volume for the SUNDOG/TRX pair saw its trading volume grow by 18% to $1.2 million at 1:00 PM UTC, indicating growing interest in TRON-based altcoins and a healthy sign for the TRX bullish chart to develop.

TRX also experienced a slight positive price movement, increasing by 0.5%. This consistent behavior suggests that traders are exploring opportunities within the greater TRON ecosystem, indicating positive market sentiment for TRX. The stability in TRX's price could lay the groundwork for a potential bullish breakout. As whale accumulation patterns continue in tokens like SUNDOG, a similar momentum shift could occur for TRX, pushing its price higher. Traders and investors are closely watching for signs of a TRX bullish breakout.

The whale's activity has garnered significant interest, with on-chain data showing that the number of SUNDOG holders has risen by 3.5%, reaching 12,500 unique addresses on April 25, 2025. This suggests that investors are gaining greater conviction in SUNDOG. The whale's large purchases of SUNDOG tokens may signal a larger trend where market participants are positioning themselves for an eventual price increase in SUNDOG, which could ultimately lead to potential price appreciation for TRX. Currently, TRX's price action is in a steady uptrend, and sustained interest in SUNDOG may help TRX develop a larger bullish chart, signaling an increased move in the TRON token.

Technically, SUNDOG’s price action has been positive. The token is trading above its 50-day moving average of $0.045, at $0.0515 as of April 25, 2025, indicating bullish pressure. The Relative Strength Index (RSI) for SUNDOG stands at 62, suggesting that the token is nearing overbought levels but still has room to increase before crossing the 70 mark.

For crypto traders, the recent whale activity and the price increase in both SUNDOG and TRX suggest that there could be more action in the TRON ecosystem shortly. The whale’s consistent accumulation of SUNDOG tokens, along with the increase in TRON’s ecosystem activity, signals growing confidence in the TRON blockchain’s meme token sector. This trend could potentially lead to further price appreciation for both SUNDOG and TRX, making it an exciting time for investors in the TRON ecosystem.