Coinspeaker
Sep 20, 2025
30 1

SUN Token Soars 50% Following SunPerp Buyback Strategy Announcement

The SUN token experienced a notable surge, increasing over 50% in the past 24 hours and reaching a market cap of nearly $700 million. The trading volume more than doubled, pushing it into the top 110 cryptocurrencies.

  • Over the past week, SUN gained more than 65%, influenced by renewed interest in TRON ecosystem DeFi projects.

SunPerp’s Buyback Announcement

  • SunPerp, a decentralized exchange on the TRON blockchain, announced that 100% of its protocol revenue will be used for buying back SUN tokens.
  • This strategy aims to reduce circulating supply while maintaining demand, potentially enhancing long-term value.
  • Other TRON projects, such as SunPump, have similar token-burning initiatives.

Impact of Burn Programs

  • From August 7 to September 4, 2025, 1.65 million SUN tokens were burned, contributing to a total of 639.6 million SUN destroyed since 2021 (3.2% of total supply).
  • The burns are funded by revenue from TRON’s DEX SunSwap and its launchpad SunPump.

SUN Price Analysis

  • The SUN price surged to $0.03616, with Bollinger Bands indicating a potential short-term overheat.
  • The Relative Strength Index is at 84.55, suggesting an overbought condition with possible risk of pullback or consolidation.
  • A bullish scenario could see prices breaking $0.038 to $0.040 resistance, targeting $0.050.
  • If momentum continues, the psychological level of $0.10 might be reached in the coming months.
  • A correction could lower prices to $0.030, with deeper retracement testing the $0.025 support zone.

SUN price on the daily chart with momentum indicators | Source: TradingView

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