Toncoin (TON) is in danger of being excluded from the top 10 crypto assets as a result of the increasing prominence of TRON (TRX).
During the previous three days, TON’s market capitalization has declined to less than $13 billion, while TRON’s has increased to almost $14 billion. TON’s price has experienced a decline of 18% over the past 30 days, hitting a minimum of $5.11 on Tuesday.
The price of TRON has experienced a 16% increase during the same time frame, primarily attributed to the launch of SunPump, a novel meme coin token generator developed by Justin Sun, the founder of Tron.
SunPump earned $567,000 after selling 7,531 memecoins last Wednesday, surpassing Pump.fun’s $368,000 from 6,941 tokens. According to data from IntoTheBlock, there has been a decline in the amount of Toncoin being acquired by large holders, indicating a cautious approach by significant investors.
Toncoin now holds the 10th position in terms of market capitalization, amounting to $13.5 billion as of August 28. It is closely trailed by Cardano, which has a market cap of over $13 billion.
