These new meme coins on TRON are leaving behind Dogecoin, Shiba Inu

• Dogecoin, Shiba Inu wipe out over 3% of their value per day, keeping seven days of gains.
• The DOGS community launched the airdrops chain claim, the TON network could withstand a stress test with up to 10 million users trading simultaneously.
• SUNDOG and CAT have added nearly 30% to their value in the past 24 hours as the spotlight shifts to new meme coins.

Dogecoin (DOGE) and Shiba Inu (SHIB), the two biggest meme coins in the crypto ecosystem, wiped over 3% of their value on Monday. Meme coins SunDog (SUNDOG) and Simon’s Cat (CAT), on the other hand, are up more than 30% in the last 24 hours on CoinGecko data.

New meme coins steal the spotlight from top memes like DOGE and SHIB, with double-digit earnings for holders.

Dogecoin and Shiba Inu bite the dust, while SUNDOG, CAT gathers

SUNDOG and CAT rallied by double digits in the last 24 hours on CoinGecko data. Other lesser-known meme coins Daddy Tate (DADDY), Fwog (FWOG), and Resistance Dog (REDO) extended gains by 20%, 28%, and 46% over the same time frame.

SUNDOG was launched by Justin Sun, the creator of TRON, and the token based on Tron was issued on the Sunpump launchpad. The meme coin has amassed over $288 million in market capitalization since launch, as of August 26, 2024.

Meme coin prices on CoinGecko

Dogecoin and Shiba Inu erased over 3% of their value on Monday and are trading at $0.1070 and $0.00001468 respectively.

Dogs listed on major exchanges, the TON network faces a stress test

DOGS is a meme currency originating from the social messaging app Telegram and has gathered a large user base through its tap-to-earn model. The TON community noted early on August 26 that the network could face a stress test trying to keep up with a maximum of 10 million users trading DOGS simultaneously.

Colin Wu, an Asian journalist, reported that slight delays in transaction processing are expected.