Tron has become a top trending asset as its current social discussion rate and the bullish crowd bias have reached the highest level since 2021, according to a report from Santiment, an on-chain market analytics platform. 

The recent spikes in price levels and social dominance were observed after the beta version of SunPump was live on Aug. 13. Currently, there are well over 7,000 new coins launched, and TRX has witnessed a double-digit surge of 20.95% in the seven days. 

The market on-chain analytics platform highlighted that long-term optimism within the TRON community could be a critical factor driving mid-term bullish price momentum and short-term volatility. 

Additionally, factors such as increased network activity, particularly with the launch of meme coins, have significantly boosted the number of TRON burns, effectively reducing the circulating supply amid rising demand.

TRON’s momentum is also being bolstered by strategic partnerships and endorsements. The platform has been actively collaborating with major industry players like Amazon Web Services and HTX Global, which are expected to further drive TRON’s adoption and attract new investment. 

Furthermore, TRON’s founder, Justin Sun, has played a pivotal role in promoting the ecosystem through his influential presence on social media platforms, amplifying TRON's visibility and appeal.