Tron DAO founder and CEO Justin Sun at the recent Token 2049 conference dogecoin, Shiba Inu, Floki and other meme coins supported. Sun sees meme coins as the “first thing” that differentiates the crypto industry from traditional finance. It has also encouraged the development of such meme coin projects.
Tron CEO Supports Dogecoin, Shiba Inu and Floki
In a post on X, Sun posted a clip from the Token 2049 Dubai conference. Here meme coinHe spoke supportively. In the clip, the Tron founder expressed his admiration for all the meme coins with different animal logos.
Sun also highlighted the top meme coins that have reached a massive market cap of over $10 billion. In addition, he 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.
The Tron CEO also underlined that launching a successful meme coin is “as difficult as creating a good crypto project.” Sun also noted that Tesla CEO Elon Musk continues to support Dogecoin, highlighting the reach of meme coins. Sun also called DOGE one of the “top crypto brands.”
Justin Sun Is Bullish on Meme Coins
Additionally, Tron’s founder also expressed his bullish outlook on meme coins. Sun also jokingly noted the limitation of animal characters to be used.
While sharing the video, Sun captured the essence of the video with a short explanation. “Meme coins may seem unusual. 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!” he stated.
However, despite the bullish outlook, these meme coins have been plagued with losses lately. At press time, Dogecoin price is down 11.17% to $0.1235, with a market cap of $17.79 billion. Meanwhile, Shiba Inu, also called the Dogecoin Killer, witnessed a 10.87% crash and was traded at $0.00002094 with a market capitalization of $12.34 billion.
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