An anonymous trader on the Tron network made a jaw-dropping profit, turning $1,000 into $750,000 by trading the new Tron-based memecoin SunWukong (SUNWUKONG).
🌟 Key Highlights:
Initial Investment: $1,000 for 43.8 million SunWukong tokens.
Massive Gains: The value surged over 566,500% in less than 12 hours, peaking at $750,000.
Still Holding: Despite the gains, the trader hasn’t sold a single token yet. Current holdings are worth around $329,000.
Justin Sun's Influence: The surge was triggered by Tron founder Justin Sun changing his X profile picture to Sun Wukong, a character from the newly released game Black Myth: Wukong.
Market Impact: The game’s launch broke records with 2.2 million concurrent users on Steam within 24 hours.
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🔥 What’s Next?
Price Correction: The token’s price has since slid 58% from its all-time high, with a current market cap of $7.4 million.
Sun Pump: The trade coincides with the rise of Sun Pump, a Tron-based memecoin deployer that has already topped $1 million in revenue within 12 days of its launch.
💭 Final Thought:
High Risk, High Reward: Memecoin trading can yield massive gains, but the volatility remains high. This trader’s story is a reminder of both the potential and the risks in the crypto market.