Tron‘s Justin Sun Supports DOGE, SHIB, and Other Meme Coins
tron DAO founder and CEO Justin Sun endorsed dogecoin (DOGE), Shiba Inu (SHIB), Floki (FLOKI) and other meme coins at the recent Token 2049 conference. Sun believes meme coins are the “first thing” that differentiates the crypto industry from traditional finance. It also encouraged the development of such meme coin projects.
Tron CEO Supports Dogecoin, shiba inu and Floki
In a post on X, Sun published a clip from the Token 2049 Dubai conference speaking in favor of meme coins. In the clip, the Tron founder expresses his admiration for all the meme coins with different animal logos. He also offered special mention to Shiba Inu and Floki.
Sun also highlighted the top meme coins that have reached a massive market cap of over $10 billion. He also emphasized that this valuation does not make sense for those who support traditional finance. But Sun believes that behind this huge market cap is the “fair launch and community engagement” that are integral to the crypto space.
Additionally, Tron CEO underlined that launching a successful meme coin is “as difficult as creating a good crypto project.” Additionally, the meme highlighted Tesla CEO Elon Musk’s continued support of Dogecoin to highlight the coins’ reach. Additionally, Sun labeled DOGE as one of the “top crypto brands.”
Also Read: Whales Received 624 Billion from SHIB and pepe, Will Price Rise Continue?
Justin Sun Believes in the Bullishness of Meme Coins
Additionally, Tron’s founder also expressed bullish expectations regarding meme coins. He noted that each bull cycle will have its own breast coin that will outshine the others, just like the Shiba Inu did this time. Sun also jokingly noted the limitation of animal characters to be used.
While sharing the video, Sun captured the essence of the incident with a brief explanation. He wrote: “Meme coins may seem unconventional, but they highlight the power of community in crypto. Creating a successful project, whether meme-based or not, requires dedication. Let’s see what the next bull cycle brings!”
However, despite the bullish outlook, these meme coins have been struggling with losses lately. At press time, Dogecoin price was down 11.17% to $0.1235, reaching a market cap of $17.79 billion on Wednesday, May 1. Meanwhile, Shiba Inu, also called the Dogecoin Killer, witnessed a 10.87% crash and was traded in the market at $0.00002094. The limit is $12.34 billion.
Also Read: DOGE Price Prediction: Can Dogecoin Finally Reach $0.2 With Rising Whale Interest?
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