A crypto trader has made a huge profit trading the Tron memecoin called ‘SunWukong’. With an initial investment of just $1,000, the trader managed to grow his stake to a whopping $750,000.
This huge profit highlights both the potential and volatility of the crypto market, where significant returns are possible but also come with great risks. Despite this huge profit, the trader has not sold a single token.
Black Myth: Wukong
SunWukong has launched on the Tron blockchain and is inspired by the popular game Black Myth: Wukong. Since the game’s launch this week, Black Myth has gained a lot of popularity, which has significantly increased interest in the SunWukong memecoin.
Given the enormous hype surrounding the game, it is no surprise that SunWukong’s value has risen rapidly and attracted the attention of both private and institutional investors.
A profit of 750x
The trader we’re talking about in this post purchased 43.8 million SunWukong tokens for just $997. These tokens were worth nearly $750,000 at their peak. The hype surrounding this memecoin was largely fueled by Tron founder Justin Sun, who changed his X profile picture to SunWukong.
However, SunWukong’s price is now falling, with the trader’s tokens currently worth only $220,000. This highlights how extremely volatile memecoins can be, and this example clearly shows how quickly their value can fluctuate.
SunPump is a great success
Tron memecoins have suddenly become extremely popular. This is because Justin Sun, the founder of Tron, launched his own memecoin platform called SunPump, in response to Solana’s Pump.fun platform. Since its launch, SunPump has generated over $1 million in revenue in just eight days.
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Source: https://newsbit.nl/handelaar-zet-1-000-om-in-750-000-met-populaire-tron-memecoin-sunwukong/
