- SUN token surged 50% after SunPerp announced it will use 100% of its revenue for buybacks, reducing circulating supply.
- Technical indicators show the rally is overbought, suggesting a potential pullback toward the $0.030 support level may occur.
The price of SUN cryptocurrency increased by 50%t over 24 hours. This surge in value occurred after a new policy was announced by a project built on the TRON network. SunPerp made the announcement. The exchange, which facilitates perpetual contracts, stated it will use all of its protocol earnings to repurchase SUN tokens from the open market.
The SUN token has a history of supply reduction
From early August to early September of 2025, the team permanently removed 1.65 million tokens. This event was part of a longer-term program. Since 2021, the project has eliminated over 639 million SUN tokens, which represents 3.2 percent of its total possible supply. Funding for these removals came from revenue generated by other TRON-based platforms, including a decentralized exchange and a token launch service.
The price reached $0.03616, moving well outside its typical trading range as shown by Bollinger Bands. The Relative Strength Index is currently at 84.55, a level that typically indicates an asset might be overbought.
Should buying interest and the token repurchase program continue, the price may attempt to move beyond a resistance area between $0.038 and $0.040. A successful break above this zone could see the price aim for $0.050. Alternatively, if traders begin to secure profits, a price correction could occur. This might push the value back toward $0.030, with a further decline potentially finding a floor around $0.025.
Sun (SUN) is trading at $0.0325, up a sharp 35.71% in the last 24 hours. Weekly performance shows a 52.7% gain, while monthly growth stands at 37.9%. Over the past six months, the token has nearly doubled (+98.9%), and on a yearly scale, it is up 31.1%. SUN’s market capitalization is currently $622 million, with $580 million in daily trading volume.
The token, built on the Tron blockchain (TRC-20 standard), has a circulating supply of 19.17 billion and a maximum supply of 19.90 billion. Its all-time high was $0.107, leaving room for growth if current bullish momentum persists.
Recent updates highlight active community engagement and campaigns. SUN has hosted events such as giveaways, AMAs (Ask-Me-Anything sessions), and carnival-style campaigns to maintain participation. The project has also focused on integration with DeFi platforms and wallets, most recently partnering with Klever Wallet to extend accessibility.
From a technical perspective, analysts are pointing to a cup-and-handle pattern, which traditionally signals potential for further upward continuation if confirmed. Immediate resistance appears near $0.035–$0.037, while support lies around $0.028–$0.029.
ETHNews prediction: If SUN maintains momentum above $0.032 and breaks $0.037 resistance, it could push toward $0.042–$0.045 in the next 5–7 days. A failure to hold current levels may trigger a pullback toward $0.028 before stabilizing.
